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House Prices in CO5

The average house price in CO5 (Colchester) is £415,178 using HM Land Registry data.

The average property price increased by £99,888 (20.43%) over the last 5 years and increased by £19,968 (3.2%) over the last 12 months.

Over the last year, there were 265 residential property sales – a decrease of 210 transactions (-79.25%) relative to the previous year. The majority of house sales (60) were in the £310,000 - £380,000 range. Then came properties in the £380,000 - £450,000 range, where 46 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,805 (-3%).

In June 2024, there were 120 new estate agency instructions, 59 agreed home sales and 69 property price reductions.

5-Year Average Property Prices in CO5 (Colchester)

20.43%

Property prices in Colchester increased by 20.43% 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 CO5 (Colchester) Over the Last Year

3.2%

Property prices in Colchester increased by 3.2% 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.

Property Market Heat Gauge for CO5 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 CO5 (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 CO5 (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 CO5 (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 CO5 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO5 postcode area since 1995.

Recent Sales in CO5 (Colchester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
77 Wilkin Drive, Tiptree, Colchester, Essex, CO5 0RS	£525,000	£520,000	-£5,000	20 Sep 2023	15 May 2024	238 Days
9 Victoria Esplanade, West Mersea, Colchester, Essex, CO5 8AT	£875,000	£850,000	-£25,000	19 Oct 2023	22 Apr 2024	186 Days
5 Kings Gardens, Feering, Colchester, Essex, CO5 9RJ	£475,000	£470,000	-£5,000	13 Oct 2023	12 Apr 2024	182 Days
Fenders, Ferry Road, Fingringhoe, Colchester, Essex, CO5 7BX	£675,000	£595,000	-£80,000	17 Nov 2023	20 Mar 2024	124 Days
9 The Chase, Kelvedon, Colchester, Essex, CO5 9AB	£450,000	£437,500	-£12,500	23 Aug 2023	08 Mar 2024	198 Days
16 Townsend Road, Tiptree, Colchester, Essex, CO5 0ND	£325,000	£325,000	£00	18 Oct 2023	16 Feb 2024	121 Days
Games Farm, Lower Road, Peldon, Colchester, Essex, CO5 7PR	£575,000	£555,000	-£20,000	17 Jul 2023	13 Feb 2024	211 Days
117 High Street, Kelvedon, Colchester, Essex, CO5 9AA	£350,000	£305,000	-£45,000	21 Aug 2023	09 Feb 2024	172 Days
38 Chatsworth Road, West Mersea, Colchester, Essex, CO5 8RF	£250,000	£250,000	£00	27 Oct 2023	31 Jan 2024	96 Days
57 High Street North, West Mersea, Colchester, Essex, CO5 8JY	£475,000	£465,000	-£10,000	18 Aug 2023	31 Jan 2024	166 Days
2 Docwra Road, Kelvedon, Colchester, Essex, CO5 9DS	£340,000	£330,000	-£10,000	08 Aug 2023	30 Jan 2024	175 Days
5 Head Street, Rowhedge, Colchester, Essex, CO5 7HN	£210,000	£208,000	-£2,000	17 Oct 2023	26 Jan 2024	101 Days
31 Blue Road, Tiptree, Colchester, Essex, CO5 0TX	£310,000	£295,000	-£15,000	02 Aug 2023	24 Jan 2024	175 Days
27 The Lane, West Mersea, Colchester, Essex, CO5 8NT	£1,100,000	£875,000	-£225,000	12 Dec 2023	05 Jan 2024	24 Days
Skye Green Cottage, Skye Green Road, Feering, Colchester, Essex, CO5 9RE	£1,100,000	£1,000,000	-£100,000	12 Apr 2023	19 Dec 2023	251 Days
18 Prince Albert Road, West Mersea, Colchester, Essex, CO5 8AN	£700,000	£650,000	-£50,000	01 Jun 2023	19 Dec 2023	201 Days
63 High Street North, West Mersea, Colchester, Essex, CO5 8JY	£525,000	£520,000	-£5,000	12 Aug 2023	15 Dec 2023	125 Days
19 Birchwood Close, Tiptree, Colchester, Essex, CO5 0JS	£375,000	£375,000	£00	14 Sep 2023	11 Dec 2023	88 Days
23 Kingsland Road, West Mersea, Colchester, Essex, CO5 8RB	£280,000	£275,000	-£5,000	13 Sep 2023	11 Dec 2023	89 Days
32 Grove Road, Tiptree, Colchester, Essex, CO5 0JL	£495,000	£485,000	-£10,000	11 Aug 2023	08 Dec 2023	119 Days

Most Expensive Streets in CO5 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO5 8LH	Coast Road, West Mersea	Colchester	£1,285,000	3
CO5 8JZ	Colchester Road, West Mersea	Colchester	£863,333	3
CO5 0FY	Albaney Terrace, Tiptree	Colchester	£807,500	4
CO5 8AE	Grove Avenue, West Mersea	Colchester	£774,000	5
CO5 7BX	Ferry Road, Fingringhoe	Colchester	£766,666	3
CO5 8BH	Victoria Esplanade, West Mersea	Colchester	£743,333	3
CO5 9NJ	Worlds End Lane, Feering	Colchester	£742,550	4
CO5 8BT	Fairhaven Avenue, West Mersea	Colchester	£721,666	3
CO5 0FP	Salis Close, Tiptree	Colchester	£715,033	3
CO5 8LJ	St Peters Road, West Mersea	Colchester	£700,857	7

Least Expensive Streets in CO5 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO5 8SD	Hall Barn, High Street, West Mersea	Colchester	£149,934	23
CO5 0SW	Rosemary Court, Rectory Road	Colchester	£154,352	17
CO5 9LT	Kings Meadow Court, Coggeshall Road	Colchester	£157,900	5
CO5 7HJ	Darkhouse Lane, Rowhedge	Colchester	£160,250	4
CO5 7JJ	Oxton Close, Rowhedge	Colchester	£173,571	7
CO5 8JT	Tudor Court, West Mersea	Colchester	£178,833	3
CO5 0HD	Brendon Court, Tiptree	Colchester	£181,999	13
CO5 8QG	Queens Mews, West Mersea	Colchester	£190,700	5
CO5 7NL	Layer Road, Abberton	Colchester	£192,545	11
CO5 7EE	The Old School House, Church Street, Rowhedge	Colchester	£197,500	3