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House Prices in CO3 House Prices in CO3 (Colchester)

The average house price in CO3 (Colchester) is £355,619 using HM Land Registry data.

The average property price increased by £64,175 (9.85%) over the last 5 years and increased by £12,856 (1.67%) over the last 12 months.

Over the last year, there were 399 residential property sales – a decrease of 117 transactions (-29.32%) relative to the previous year. The majority of house sales (101) were in the £314,000 - £386,000 range. Then came properties in the £242,000 - £314,000 range, where 79 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 156 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,279 (-2%).

In January 2025, there were 119 new estate agency instructions, 65 agreed home sales and 56 property price reductions.

Nearby Postcodes: CB8, CB9, CM77, CO1, CO10, CO11, CO12, CO13, CO14, CO15, CO16, CO2, CO4, CO5, CO6, CO7, CO8, CO9, IP29, IP30, IP7, IP9

5-Year Average Property Prices in CO3 (Colchester)

9.85%

Property prices in CO3 (Colchester) increased by 9.85% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in CO3 (Colchester) Over the Last Year

1.67%

Property prices in CO3 (Colchester) increased by 1.67% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for CO3 (Colchester) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in CO3 (Colchester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in CO3 (Colchester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in CO3 (Colchester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the CO3 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO3 postcode area since 1995.

Recent Sales in CO3 (Colchester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Lucy Close, Stanway, Colchester, Essex, CO3 0HZ£320,000£315,000-£5,00002 Oct 202416 Dec 202475 Days
102 Collingwood Road, Colchester, Essex, CO3 9BB£325,000£325,000£025 Jul 202406 Dec 2024134 Days
5 Jubilee Close, Stanway, Colchester, Essex, CO3 0HN£400,000£390,000-£10,00004 Jul 202414 Nov 2024133 Days
56 Constantine Road, Colchester, Essex, CO3 3DX£450,000£440,000-£10,00017 Aug 202401 Nov 202476 Days
108 Magazine Farm Way, Colchester, Essex, CO3 4ER£575,000£575,000£027 Mar 202431 Oct 2024218 Days
30 Copper Beeches, Stanway, Colchester, Essex, CO3 0YB£425,000£410,000-£15,00005 Jun 202430 Oct 2024147 Days
120 Rotary Way, Colchester, Essex, CO3 3LG£179,995£167,000-£12,99517 Jul 201725 Oct 20242657 Days
Flat 20, Vicarage Court, Shrub End Road, Colchester, Essex, CO3 4RW£210,000£200,000-£10,00024 Feb 202423 Oct 2024242 Days
22 Becker Road, Colchester, Essex, CO3 9XR£350,000£348,000-£2,00005 Apr 202409 Aug 2024126 Days
75 Sandmartin Crescent, Stanway, Colchester, Essex, CO3 8WZ£650,000£623,000-£27,00019 Mar 202409 Aug 2024143 Days
32 Newcastle Avenue, Colchester, Essex, CO3 9XE£550,000£535,000-£15,00025 Sep 202331 Jul 2024310 Days
18 Woden Avenue, Stanway, Colchester, Essex, CO3 0QQ£325,000£320,000-£5,00004 May 202431 Jul 202488 Days
Debdon, Wood Lane, Fordham Heath, Colchester, Essex, CO3 9TR£550,000£325,000-£225,00024 Nov 202326 Jul 2024245 Days
7 The Commons, Colchester, Essex, CO3 4NE£350,000£330,000-£20,00016 Jan 202419 Jul 2024185 Days
Flat 124, Maldon Court, Maldon Road, Colchester, Essex, CO3 3AH£100,000£95,000-£5,00017 Aug 202317 Jul 2024335 Days
49 Twining Road, Colchester, Essex, CO3 9XG£300,000£300,000£007 Feb 202416 Jul 2024160 Days
8 Christ Church Court, Colchester, Essex, CO3 3AU£425,000£410,000-£15,00003 Jan 202412 Jul 2024191 Days
14 Rawstorn Road, Colchester, Essex, CO3 3JF£300,000£295,000-£5,00001 Sep 202326 Jun 2024299 Days
43 Salisbury Avenue, Colchester, Essex, CO3 3DW£275,000£270,000-£5,00031 Jan 202421 Jun 2024142 Days
42 Wordsworth Road, Colchester, Essex, CO3 4HR£390,000£385,000-£5,00019 Mar 202421 Jun 202494 Days

Most Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3SZSt Clare RoadColchester£1,379,0005
CO3 3SYFitzwalter RoadColchester£1,054,0003
CO3 4BSColvin CloseColchester£1,030,0005
CO3 4ARSpring LaneColchester£870,8333
CO3 3NGBeverley RoadColchester£849,0628
CO3 3JACreffield RoadColchester£824,1507
CO3 3TELexden RoadColchester£819,3333
CO3 3TPIrvine RoadColchester£775,7147
CO3 3ATIreton RoadColchester£747,1258
CO3 3SHHurnard DriveColchester£741,2504

Least Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3AHMaldon Court, Maldon RoadColchester£97,44719
CO3 3FFSalter Court, St Marys FieldsColchester£117,45629
CO3 3LTSheepen PlaceColchester£129,17519
CO3 0YSCharles Court, StanwayColchester£146,7504
CO3 4LFAcland House, Alan WayColchester£150,3333
CO3 9FDLexden Place, Halstead RoadColchester£151,9287
CO3 3DBAlexandra RoadColchester£159,3333
CO3 0BJDugard House, Peartree RoadColchester£162,30015
CO3 3HQOxford CourtColchester£166,80010
CO3 9FNAsh WayColchester£170,2005

Explore CO3 (Colchester) using map

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