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House Prices in CO5

The average house price in CO5 (Colchester) is £389,625 using HM Land Registry data.

The average property price increased by £74,001 (20.43%) over the last 5 years and increased by £14,828 (3.2%) over the last 12 months.

Over the last year, there were 276 residential property sales – a decrease of 102 transactions (-36.96%) relative to the previous year. The majority of house sales (72) were in the £250,000 - £330,000 range. Then came properties in the £330,000 - £410,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,805 (-3%).

In Oct 24, there were 112 new estate agency instructions, 51 agreed home sales and 60 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) - Oct 24

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 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
72 High Street North, West Mersea, Colchester, Essex, CO5 8JY	£330,000	£320,000	-£10,000	05 Apr 2024	08 Aug 2024	125 Days
3 Swan Street, Kelvedon, Colchester, Essex, CO5 9NG	£1,000,000	£925,000	-£75,000	07 Oct 2022	31 Jul 2024	663 Days
5 Francis Close, Tiptree, Colchester, Essex, CO5 0BT	£350,000	£338,000	-£12,000	25 Mar 2024	26 Jul 2024	123 Days
22 Easterford Road, Kelvedon, Colchester, Essex, CO5 9DX	£495,000	£460,000	-£35,000	02 Oct 2023	16 Jul 2024	288 Days
54 Glebe Road, Kelvedon, Colchester, Essex, CO5 9JS	£325,000	£320,000	-£5,000	22 Jun 2024	15 Jul 2024	23 Days
1 Sherwood Way, Feering, Colchester, Essex, CO5 9LJ	£450,000	£435,000	-£15,000	19 Oct 2023	05 Jul 2024	260 Days
6 New Captains Road, West Mersea, Colchester, Essex, CO5 8QP	£480,000	£470,000	-£10,000	28 Feb 2024	18 Jun 2024	111 Days
3 Sanderson Mews, Rowhedge, Colchester, Essex, CO5 7HF	£500,000	£450,000	-£50,000	07 Mar 2024	13 Jun 2024	98 Days
32 Regent Street, Rowhedge, Colchester, Essex, CO5 7EA	£280,000	£280,000	£00	31 Jan 2024	22 May 2024	112 Days
2 Grays Close, West Mersea, Colchester, Essex, CO5 8QU	£265,000	£265,000	£00	19 Jan 2024	17 May 2024	119 Days
77 Wilkin Drive, Tiptree, Colchester, Essex, CO5 0RS	£525,000	£520,000	-£5,000	20 Sep 2023	15 May 2024	238 Days
3 Lavender Close, Tiptree, Colchester, Essex, CO5 0BG	£325,000	£320,000	-£5,000	29 Jan 2024	03 May 2024	95 Days
33 Wilkin Drive, Tiptree, Colchester, Essex, CO5 0RS	£400,000	£365,000	-£35,000	27 Oct 2023	03 May 2024	189 Days
Flat 52, Rosemary Court, Rectory Road, Tiptree, Colchester, Essex, CO5 0SW	£145,000	£140,000	-£5,000	09 Nov 2023	26 Apr 2024	169 Days
9 Victoria Esplanade, West Mersea, Colchester, Essex, CO5 8AT	£875,000	£850,000	-£25,000	19 Oct 2023	22 Apr 2024	186 Days
14a, New Road, Tiptree, Colchester, Essex, CO5 0HJ	£525,000	£525,000	£00	08 Jan 2024	19 Apr 2024	102 Days
18 Feering Hill, Feering, Colchester, Essex, CO5 9NH	£625,000	£599,500	-£25,500	22 Nov 2023	19 Apr 2024	149 Days
51 Maldon Road, Tiptree, Colchester, Essex, CO5 0TS	£450,000	£415,000	-£35,000	13 Oct 2023	16 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
14 Bainbridge Drive, Tiptree, Colchester, Essex, CO5 0BP	£475,000	£458,000	-£17,000	21 Nov 2023	12 Apr 2024	143 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 9NG	Swan Street, Kelvedon	Colchester	£920,000	3
CO5 8AE	Grove Avenue, West Mersea	Colchester	£811,666	3
CO5 0FY	Albaney Terrace, Tiptree	Colchester	£807,500	4
CO5 7BX	Ferry Road, Fingringhoe	Colchester	£766,666	3
CO5 9NJ	Worlds End Lane, Feering	Colchester	£742,550	4
CO5 8LJ	St Peters Road, West Mersea	Colchester	£718,916	6
CO5 0FP	Salis Close, Tiptree	Colchester	£715,033	3
CO5 8BG	Alexandra Avenue, West Mersea	Colchester	£693,333	3
CO5 0PH	Maldon Road, Tiptree	Colchester	£692,500	4

Least Expensive Streets in CO5 (Colchester)

Postcode	Street	Area	Average	No. of Sales
CO5 8SD	Hall Barn, High Street, West Mersea	Colchester	£148,738	21
CO5 0SW	Rosemary Court, Rectory Road	Colchester	£155,078	19
CO5 7HJ	Darkhouse Lane, Rowhedge	Colchester	£160,333	3
CO5 9LT	Kings Meadow Court, Coggeshall Road	Colchester	£161,583	6
CO5 7JJ	Oxton Close, Rowhedge	Colchester	£178,333	6
CO5 0HD	Brendon Court, Tiptree	Colchester	£183,000	12
CO5 8QG	Queens Mews, West Mersea	Colchester	£190,700	5
CO5 7EE	The Old School House, Church Street, Rowhedge	Colchester	£197,500	3
CO5 9JP	Braddy Court, Kelvedon	Colchester	£203,375	4
CO5 7JN	Oxton Close, Rowhedge	Colchester	£204,888	9