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House Prices in CO4 House Prices in CO4 (Colchester)

The average house price in CO4 (Colchester) is £337,865 using HM Land Registry data.

The average property price increased by £48,175 (21.81%) over the last 5 years and increased by £9,653 (3.39%) over the last 12 months.

Over the last year, there were 428 residential property sales – a decrease of 253 transactions (-59.11%) relative to the previous year. The majority of house sales (102) were in the £230,000 - £300,000 range. Then came properties in the £300,000 - £370,000 range, where 98 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,234 (-2%).

In Oct 24, there were 129 new estate agency instructions, 86 agreed home sales and 103 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) - 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 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
80 Nayland Road, Mile End, Colchester, Essex, CO4 5EW£280,000£280,000£0002 Apr 202423 Aug 2024143 Days
6 Remus Close, Colchester, Essex, CO4 5LW£260,000£260,000£0016 Apr 202421 Aug 2024127 Days
206 Chinook, Highwoods, Colchester, Essex, CO4 9UX£250,000£250,000£0016 Apr 202409 Aug 2024115 Days
10 Valleyview Close, Highwoods, Colchester, Essex, CO4 9UN£760,000£740,000-£20,00027 Mar 202408 Aug 2024134 Days
9 Albrighton Croft, Highwoods, Colchester, Essex, CO4 9RH£165,000£163,750-£1,25015 Mar 202402 Aug 2024140 Days
339 Mill Road, Mile End, Colchester, Essex, CO4 5GG£500,000£476,000-£24,00007 Apr 202401 Aug 2024116 Days
11 Gordon Drive, Highwoods, Colchester, Essex, CO4 9FT£450,000£450,000£0018 Mar 202401 Aug 2024136 Days
52 Cambie Crescent, Colchester, Essex, CO4 5DW£350,000£340,000-£10,00028 Nov 202325 Jul 2024240 Days
194 Hanbury Gardens, Highwoods, Colchester, Essex, CO4 9TT£130,000£130,000£0019 Jul 202323 Jul 2024370 Days
8 Achnacone Drive, Colchester, Essex, CO4 5AZ£675,000£620,000-£55,00014 Feb 202423 Jul 2024160 Days
351 Chinook, Highwoods, Colchester, Essex, CO4 9XT£200,000£190,000-£10,00017 May 202419 Jul 202463 Days
34 Fernlea, Colchester, Essex, CO4 5UB£580,000£565,000-£15,00027 Mar 202419 Jul 2024114 Days
86 Forest Road, Colchester, Essex, CO4 3RA£300,000£300,000£0027 May 202419 Jul 202453 Days
Acorns, Wick Road, Langham, Colchester, Essex, CO4 5PG£650,000£645,000-£5,00018 Apr 202415 Jul 202488 Days
10 Stour Walk, Colchester, Essex, CO4 3UX£260,000£255,000-£5,00005 Mar 202408 Jul 2024125 Days
22 Peto Avenue, Colchester, Essex, CO4 5WJ£280,000£270,000-£10,00005 Mar 202428 Jun 2024115 Days
87 Titus Way, Colchester, Essex, CO4 5GB£355,000£350,000-£5,00012 Apr 202328 Jun 2024443 Days
59 Bolsin Drive, Colchester, Essex, CO4 5FD£280,000£280,000£0010 Jan 202414 Jun 2024156 Days
24 Hollymead Close, Colchester, Essex, CO4 5UU£350,000£350,000£0022 Jun 202307 Jun 2024351 Days
21 Forest Road, Colchester, Essex, CO4 3RP£300,000£300,000£0005 Jan 202406 Jun 2024153 Days

Most Expensive Streets in CO4 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO4 5PHPerry Lane, LanghamColchester£983,3333
CO4 5NHPark Lane, LanghamColchester£886,9003
CO4 5BBBakers LaneColchester£822,2504
CO4 5BGBraiswickColchester£813,3336
CO4 5PGWick Road, LanghamColchester£760,5628
CO4 5TTWork House Hill, BoxtedColchester£757,8005
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 9RWGazelle CourtColchester£74,5003
CO4 5YEDe Grey RoadColchester£91,0007
CO4 9XSChinook, HighwoodsColchester£119,2147
CO4 5JZWindmill Court, Mile EndColchester£124,7504
CO4 0NESt Christopher Court, St Christopher RoadColchester£126,0833
CO4 0XBOrchard GardensColchester£127,33312
CO4 9SNTynedale Square, HighwoodsColchester£137,9005
CO4 5TZSt James PlaceColchester£140,25011
CO4 9TTHanbury Gardens, HighwoodsColchester£140,5009
CO4 5GSBardsley CloseColchester£143,3333

Explore CO4 (Colchester) using map

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