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House Prices in CO7 House Prices in CO7 (Colchester)

The average house price in CO7 (Colchester) is £328,823 using HM Land Registry data.

The average property price increased by £89,150 (17.74%) over the last 5 years and increased by £17,863 (2.83%) over the last 12 months.

Over the last year, there were 343 residential property sales – a decrease of 244 transactions (-71.14%) relative to the previous year. The majority of house sales (102) were in the £268,000 - £346,000 range. Then came properties in the £346,000 - £424,000 range, where 62 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 108 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,478 (-2%).

In Oct 24, there were 144 new estate agency instructions, 77 agreed home sales and 71 property price reductions.

Nearby Postcodes: , CM0, CM77, CM8, CM9, CO1, CO10, CO11, CO12, CO13, CO15, CO16, CO2, CO3, CO4, CO5, CO6, CO8, CO9, IP1, IP10, IP11, IP14, IP2, IP3, IP30, IP6, IP7, IP8, IP9, IP98

5-Year Average Property Prices in CO7 (Colchester)

17.74%

Property prices in Colchester increased by 17.74% 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 CO7 (Colchester) Over the Last Year

2.83%

Property prices in Colchester increased by 2.83% 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 CO7 (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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 CO7 (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 CO7 (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 CO7 (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 CO7 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO7 postcode area since 1995.

Recent Sales in CO7 (Colchester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Foxhall Fields, East Bergholt, Colchester, Suffolk, CO7 6QY£375,000£357,500-£17,50017 Apr 202423 Aug 2024128 Days
8 Eastern Road, Brightlingsea, Colchester, Essex, CO7 0HU£235,000£230,000-£5,00009 Apr 202419 Aug 2024132 Days
63 Seaview Road, Brightlingsea, Colchester, Essex, CO7 0PR£350,000£342,000-£8,00005 Mar 202419 Aug 2024167 Days
18 Richard Avenue, Brightlingsea, Colchester, Essex, CO7 0LP£325,000£320,000-£5,00022 May 202430 Jul 202469 Days
53 Chaney Road, Wivenhoe, Colchester, Essex, CO7 9QZ£550,000£540,000-£10,00017 Nov 202330 Jul 2024256 Days
Lawrita Cottage, Crown Lane South, Ardleigh, Colchester, Essex, CO7 7PL£400,000£395,500-£4,50024 Oct 202330 Jul 2024280 Days
8 Hawkins Road, Alresford, Colchester, Essex, CO7 8ED£325,000£325,000£0019 Mar 202425 Jul 2024128 Days
2 Rectory Hill, East Bergholt, Colchester, Suffolk, CO7 6TH£325,000£320,000-£5,00005 Feb 202422 Jul 2024168 Days
3 Hastings Place, Brightlingsea, Colchester, Essex, CO7 0PB£289,995£283,000-£6,99514 Mar 202422 Jul 2024130 Days
Heathlands, Colchester Road, Elmstead, Colchester, Essex, CO7 7EE£375,000£350,000-£25,00021 Feb 202419 Jul 2024149 Days
7 Robin Close, Great Bentley, Colchester, Essex, CO7 8QH£375,000£358,000-£17,00009 Jan 202421 Jun 2024164 Days
10 Upper Park Road, Brightlingsea, Colchester, Essex, CO7 0JP£235,000£220,000-£15,00015 Mar 202421 Jun 202498 Days
26 Marennes Crescent, Brightlingsea, Colchester, Essex, CO7 0RU£500,000£465,000-£35,00011 Mar 202420 Jun 2024101 Days
2 Kings Mews, Wivenhoe, Colchester, Essex, CO7 9JD£280,000£265,000-£15,00012 Oct 202319 Jun 2024251 Days
Dairy House, High Street, Dedham, Colchester, Essex, CO7 6HA£1,295,000£1,200,000-£95,00005 Jan 202418 Jun 2024165 Days
6 Windsor Court, Brightlingsea, Colchester, Essex, CO7 0QB£385,000£380,000-£5,00026 Oct 202311 Jun 2024229 Days
1 Veyses End, Stratford St Mary, Colchester, Suffolk, CO7 6NY£395,000£360,000-£35,00028 Nov 202311 Jun 2024196 Days
6 Chaney Road, Wivenhoe, Colchester, Essex, CO7 9QZ£290,000£282,500-£7,50002 Jan 202404 Jun 2024154 Days
6 Heath Road, Wivenhoe, Colchester, Essex, CO7 9PR£260,000£250,000-£10,00031 Oct 202331 May 2024213 Days
12 Crestlands, Alresford, Colchester, Essex, CO7 8AF£260,000£250,000-£10,00007 Feb 202431 May 2024114 Days

Most Expensive Streets in CO7 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO7 6THRectory Hill, East BergholtColchester£1,420,0003
CO7 6SDGaston Street, East BergholtColchester£1,106,8333
CO7 6HAHigh Street, DedhamColchester£1,106,6663
CO7 9FLPalmer Gardens, WivenhoeColchester£988,3333
CO7 6ADBrook Street, DedhamColchester£951,2506
CO7 7GNLittle Paddocks, Great BromleyColchester£911,5238
CO7 7QBDedham Road, ArdleighColchester£847,5004
CO7 6DXGrove Hill, DedhamColchester£843,7504
CO7 6BXAnchor Lane, DedhamColchester£843,1254
CO7 6TPGandish Road, East BergholtColchester£819,2504

Least Expensive Streets in CO7 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO7 0TBCampernell Close, BrightlingseaColchester£116,3758
CO7 0HNDoves Court, Sydney Street, BrightlingseaColchester£118,3754
CO7 0UDManor Mews, Park DriveColchester£127,2484
CO7 0DFSt. James Court, Station RoadColchester£129,5004
CO7 0HXTrafalgar Court, Red Barn RoadColchester£132,40010
CO7 0LUSpringfields, BrightlingseaColchester£132,91117
CO7 9EYJames Close, WivenhoeColchester£153,6005
CO7 0DGFrancis Street, BrightlingseaColchester£174,3336
CO7 0JSLower Park Road, BrightlingseaColchester£178,9905
CO7 0DJNew Street, BrightlingseaColchester£184,3577

Explore CO7 (Colchester) using map

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