FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in CO3

House Prices in CO3 House Prices in CO3 (Colchester)

The average house price in CO3 (Colchester) is £346,538 using HM Land Registry data.

The average property price increased by £77,005 (9.85%) over the last 5 years and increased by £15,429 (1.67%) over the last 12 months.

Over the last year, there were 362 residential property sales – a decrease of 166 transactions (-45.86%) relative to the previous year. The majority of house sales (93) were in the £324,000 - £396,000 range. Then came properties in the £252,000 - £324,000 range, where 72 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,711 (-3%).

In Oct 24, there were 83 new estate agency instructions, 67 agreed home sales and 60 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 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 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) - 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 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
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£0007 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
9 Hospital Road, Colchester, Essex, CO3 3HJ£220,000£219,000-£1,00008 Mar 202421 Jun 2024105 Days
12 Sanders Drive, Colchester, Essex, CO3 3SE£595,000£575,000-£20,00005 Jan 202418 Jun 2024165 Days
3 Gray Road, Colchester, Essex, CO3 3HR£400,000£400,000£0012 Jan 202417 Jun 2024157 Days
1 Reaper Road, Colchester, Essex, CO3 4SH£325,000£325,000£0021 Mar 202431 May 202471 Days
4 Saddle Mews, Stanway, Colchester, Essex, CO3 0UJ£220,000£192,500-£27,50024 Jun 201631 May 20242898 Days
13 Landseer Road, Colchester, Essex, CO3 4QR£350,000£350,000£0025 Jan 202430 May 2024126 Days
57 Ambrose Avenue, Colchester, Essex, CO3 4LJ£450,000£440,000-£10,00022 Feb 202424 May 202492 Days
17 Burlington Road, Colchester, Essex, CO3 3AJ£270,000£270,000£0015 Jan 202426 Apr 2024102 Days

Most Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3SZSt Clare RoadColchester£1,383,7504
CO3 3SYFitzwalter RoadColchester£1,054,0003
CO3 4BSColvin CloseColchester£1,030,0005
CO3 4ARSpring LaneColchester£870,8333
CO3 3NGBeverley RoadColchester£866,0717
CO3 3JACreffield RoadColchester£824,1507
CO3 3WLWest End MewsColchester£823,3333
CO3 3TELexden RoadColchester£819,3333
CO3 3TPIrvine RoadColchester£775,7147
CO3 3ATIreton RoadColchester£747,1258

Least Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3AHMaldon Court, Maldon RoadColchester£96,92119
CO3 3FFSalter Court, St Marys FieldsColchester£120,17025
CO3 3LTSheepen PlaceColchester£122,95515
CO3 0YSCharles Court, StanwayColchester£143,9005
CO3 9FDLexden Place, Halstead RoadColchester£148,9166
CO3 4LFAcland House, Alan WayColchester£150,3333
CO3 0BJDugard House, Peartree RoadColchester£162,30015
CO3 9FNAsh WayColchester£165,7504
CO3 3HQOxford CourtColchester£166,80010
CO3 3HHPriory Court, Crouch Street, ColchesterColchester£172,93423

Explore CO3 (Colchester) using map

Sell Your
House Fast
Property Auctions Colchester
Property Auctions Colchester
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark