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House Prices in CO4 House Prices in CO4 (Colchester)

The average house price in CO4 (Colchester) is £302,798 using HM Land Registry data.

The average property price increased by £61,543 (21.81%) over the last 5 years and increased by £12,303 (3.39%) over the last 12 months.

Over the last year, there were 471 residential property sales – a decrease of 302 transactions (-64.12%) relative to the previous year. The majority of house sales (134) were in the £236,000 - £302,000 range. Then came properties in the £302,000 - £368,000 range, where 82 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,234 (-2%).

In June 2024, there were 89 new estate agency instructions, 67 agreed home sales and 72 property price reductions.

Nearby Postcodes: CB8, CB9, CM77, CO1, CO10, CO11, CO12, CO13, CO14, CO15, CO16, CO2, CO3, CO5, CO6, CO7, CO8, CO9, IP29, IP30, IP7, IP8, IP9

5-Year Average Property Prices in CO4 (Colchester)

21.81%

Property prices in Colchester increased by 21.81% 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 CO4 (Colchester) Over the Last Year

3.39%

Property prices in Colchester increased by 3.39% 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 CO4 (Colchester) - June 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 CO4 (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 CO4 (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 CO4 (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 CO4 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO4 postcode area since 1995.

Recent Sales in CO4 (Colchester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
33 Bergholt Road, Colchester, Essex, CO4 5AA£260,000£258,000-£2,00024 Jan 202417 May 2024114 Days
19 Asquith Drive, Highwoods, Colchester, Essex, CO4 9FS£450,000£450,000£0029 Jan 202414 May 2024106 Days
16 Keepers Green, Braiswick, Colchester, Essex, CO4 5UT£665,000£645,000-£20,00004 Sep 202303 May 2024242 Days
4 Gilderdale Close, Colchester, Essex, CO4 0NL£360,000£355,000-£5,00013 Feb 202429 Apr 202476 Days
17 Curlew Croft, Colchester, Essex, CO4 3FT£260,000£258,000-£2,00013 Sep 202326 Apr 2024226 Days
59 Tynedale Square, Highwoods, Colchester, Essex, CO4 9SN£160,000£150,000-£10,00017 Oct 202319 Apr 2024185 Days
31 Chalfont Road, Colchester, Essex, CO4 0NT£399,995£390,000-£9,99520 Oct 202317 Apr 2024180 Days
8 Axial Drive, Colchester, Essex, CO4 5RY£200,000£191,000-£9,00015 Mar 202328 Mar 2024379 Days
35 Booth Avenue, Colchester, Essex, CO4 3BA£270,000£260,000-£10,00027 Dec 202327 Mar 202491 Days
6 Victoria Gardens, Colchester, Essex, CO4 9YD£260,000£255,000-£5,00026 Dec 202322 Mar 202487 Days
17 Churnwood Road, Colchester, Essex, CO4 3HG£325,000£320,000-£5,00002 Jan 202421 Mar 202479 Days
26 Lime Avenue, Colchester, Essex, CO4 3NN£180,000£175,000-£5,00013 Nov 202315 Mar 2024123 Days
25 Harvard Court, Colchester, Essex, CO4 9SQ£170,000£169,676-£32403 Oct 202329 Feb 2024149 Days
47 Valentines Drive, Colchester, Essex, CO4 0AH£270,000£266,000-£4,00025 Oct 202327 Feb 2024125 Days
66 Weetmans Drive, Colchester, Essex, CO4 9EA£150,000£150,000£0024 Oct 202322 Feb 2024121 Days
15 Sinnington End, Highwoods, Colchester, Essex, CO4 9RE£300,000£300,000£0025 Sep 202302 Feb 2024130 Days
19 St Austell Road, Colchester, Essex, CO4 0LL£300,000£295,000-£5,00020 Sep 202331 Jan 2024133 Days
27 Lucius Crescent, Colchester, Essex, CO4 9WW£630,000£630,000£0019 Aug 202330 Jan 2024164 Days
47 Mortimer Gardens, Colchester, Essex, CO4 5ZG£160,000£154,000-£6,00011 May 202330 Jan 2024264 Days
425 Chinook, Highwoods, Colchester, Essex, CO4 9XT£325,000£322,000-£3,00022 Aug 202326 Jan 2024157 Days

Most Expensive Streets in CO4 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO4 5PHPerry Lane, LanghamColchester£940,0004
CO4 5NHPark Lane, LanghamColchester£886,9003
CO4 5PGWick Road, LanghamColchester£799,2147
CO4 5BBBakers LaneColchester£777,8005
CO4 5TTWork House Hill, BoxtedColchester£777,2504
CO4 5BGBraiswickColchester£774,2857
CO4 5NYChapel Road, LanghamColchester£692,5004
CO4 5PBSchool Road, LanghamColchester£690,1254
CO4 5AUBraiswickColchester£678,7504
CO4 9TNSpring Close, HighwoodsColchester£677,2005

Least Expensive Streets in CO4 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO4 5YEDe Grey RoadColchester£91,1666
CO4 3ABClingoe Court, Elmstead RoadColchester£118,3333
CO4 9XSChinook, HighwoodsColchester£119,0836
CO4 5JZWindmill Court, Mile EndColchester£119,9005
CO4 0NESt Christopher Court, St Christopher RoadColchester£126,0833
CO4 0XBOrchard GardensColchester£126,38413
CO4 9SNTynedale Square, HighwoodsColchester£134,8754
CO4 9TTHanbury Gardens, HighwoodsColchester£137,45010
CO4 5TZSt James PlaceColchester£138,94614
CO4 5YLAerofoil GroveColchester£145,1005

Explore CO4 (Colchester) using map

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