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House Prices in CO8

The average house price in CO8 (Bures) is £490,000 using HM Land Registry data.

The average property price increased by £244,797 (-7.14%) over the last 5 years and increased by £48,938 (-1.39%) over the last 12 months.

Over the last year, there were 22 residential property sales – a decrease of 9 transactions (-40.91%) relative to the previous year. The majority of house sales (8) were in the £260,000 - £394,000 range. Then came properties in the £394,000 - £528,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-40,000 (-5%).

In June 2024, there were 8 new estate agency instructions, 7 agreed home sales and 4 property price reductions.

5-Year Average Property Prices in CO8 (Bures)

-7.14%

Property prices in Bures decreased by -7.14% 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 CO8 (Bures) Over the Last Year

-1.39%

Property prices in Bures decreased by -1.39% 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.

Property Market Heat Gauge for CO8 (Bures) - 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 CO8 (Bures)

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 CO8 (Bures)

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 CO8 (Bures)

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 CO8 (Bures) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO8 postcode area since 1995.

Recent Sales in CO8 (Bures)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Sunlea, The Croft, Bures, Suffolk, CO8 5JB	£525,000	£490,000	-£35,000	01 Nov 2023	16 Feb 2024	107 Days
Rose Cottage, Colchester Road, Mount Bures, Bures, Essex, CO8 5BH	£795,000	£795,000	£00	24 May 2023	12 Jan 2024	233 Days
5 Hamlet Court, Bures, Essex, CO8 5BD	£525,000	£505,000	-£20,000	25 May 2023	12 Oct 2023	140 Days
Upper Green House, Goulds Road, Alphamstone, Bures, Essex, CO8 5HP	£740,000	£694,700	-£45,300	08 Mar 2023	01 Sep 2023	177 Days
31 Colchester Road, Bures, Essex, CO8 5AE	£650,000	£590,000	-£60,000	22 Nov 2022	25 Aug 2023	276 Days
24 Water Lane, Bures, Essex, CO8 5DE	£335,000	£271,000	-£64,000	01 Mar 2023	30 Jun 2023	121 Days
Smallbridge Farmhouse, Smallbridge, Bures, Suffolk, CO8 5BJ	£1,000,000	£925,000	-£75,000	23 Nov 2022	26 May 2023	184 Days
42 The Paddocks, Bures, Essex, CO8 5DF	£315,000	£310,000	-£5,000	21 Feb 2023	26 May 2023	94 Days
18 Maltings Close, Bures, Essex, CO8 5EJ	£375,000	£370,000	-£5,000	07 Dec 2022	17 Apr 2023	131 Days
20a, The Paddocks, Bures, Essex, CO8 5DF	£650,000	£630,000	-£20,000	04 Jul 2022	30 Mar 2023	269 Days
7 Friends Field, Bures, Suffolk, CO8 5LH	£375,000	£360,000	-£15,000	16 Sep 2022	14 Feb 2023	151 Days
19 Normandie Way, Bures, Essex, CO8 5BE	£425,000	£416,000	-£9,000	04 Jul 2022	16 Dec 2022	165 Days
Brook House, Colchester Road, Bures, Essex, CO8 5AG	£2,500,000	£2,250,000	-£250,000	29 Jul 2022	01 Dec 2022	125 Days
10 Nayland Road, Bures, Suffolk, CO8 5BX	£440,000	£440,000	£00	09 Jun 2022	04 Oct 2022	117 Days
10 Water Lane, Bures, Essex, CO8 5DE	£775,000	£700,000	-£75,000	11 Mar 2022	19 Aug 2022	161 Days
Lamarsh Hall, Henny Road, Lamarsh, Bures, Essex, CO8 5EU	£2,200,000	£2,165,000	-£35,000	14 Oct 2021	02 Aug 2022	292 Days
Mayflower, Lamarsh Hill, Bures, Essex, CO8 5EH	£775,000	£775,000	£00	25 Apr 2022	11 Jul 2022	77 Days
28 Water Lane, Bures, Essex, CO8 5DE	£425,000	£400,000	-£25,000	26 Oct 2021	26 May 2022	212 Days
School Bungalow, Henny Road, Lamarsh, Bures, Essex, CO8 5EU	£325,000	£320,000	-£5,000	04 Feb 2022	25 Apr 2022	80 Days
18 Cambridge Way, Bures, Essex, CO8 5BG	£350,000	£350,000	£00	21 Dec 2021	22 Apr 2022	122 Days

Most Expensive Streets in CO8 (Bures)

Postcode	Street	Area	Average	No. of Sales
CO8 5EU	Henny Road, Lamarsh	Bures	£963,000	3
CO8 5FD	Tenter Field	Bures	£592,222	9
CO8 5HZ	High Street	Bures	£553,571	7
CO8 5EH	Lamarsh Hill	Bures	£540,000	3
CO8 5JB	The Croft	Bures	£516,250	4
CO8 5BD	Hamlet Court	Bures	£502,950	4
CO8 5DD	Station Hill	Bures	£382,750	4
CO8 5AQ	Pikes Marsh	Bures	£381,666	3
CO8 5DE	Water Lane	Bures	£358,625	8
CO8 5DF	The Paddocks	Bures	£355,777	9

Least Expensive Streets in CO8 (Bures)

Postcode	Street	Area	Average	No. of Sales
CO8 5BS	Church Square	Bures	£222,666	3
CO8 5DA	Claypits Avenue	Bures	£279,000	5
CO8 5DB	Tawneys Ride	Bures	£283,725	10
CO8 5LH	Friends Field	Bures	£293,500	5
CO8 5BX	Nayland Road	Bures	£304,285	7
CO8 5AE	Colchester Road	Bures	£322,000	6
CO8 5BG	Cambridge Way	Bures	£326,250	4
CO8 5AD	Bridge Street	Bures	£337,250	6
CO8 5HX	Apple Tree Mews	Bures	£352,416	6
CO8 5DF	The Paddocks	Bures	£355,777	9