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Colchester House Prices Colchester House Prices

The average house price in Colchester is £320,537 using HM Land Registry data.

The average property price increased by £44,605 (15.56%) over the last 5 years and increased by £8,938 (2.77%) over the last 12 months.

Over the last year, there were 1,319 residential property sales – a decrease of 515 transactions (-39.04%) relative to the previous year. The majority of house sales (296) were in the £218,000 - £286,000 range. Then came properties in the £286,000 - £354,000 range, where 286 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 122 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,813 (-2%).

In Dec 24, there were 188 new estate agency instructions, 129 agreed home sales and 107 property price reductions.

Neighbouring Areas: Berechurch

Postcodes Covered: CO1, CO2, CO3, CO4, CO7

5-Year Average Property Prices in Colchester

15.56%

Property prices in Colchester increased by 15.56% 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 Colchester Over the Last Year

2.77%

Property prices in Colchester increased by 2.77% 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 Colchester - Dec 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 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 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 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 Colchester since 1995

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

Recent Property Sales in Colchester

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Oxley Parker Drive, Mile End, Colchester, Essex, CO4 5XQ£535,000£535,000£0016 Jul 202422 Nov 2024129 Days
4 Pinecroft Gardens, Highwoods, Colchester, Essex, CO4 9TH£475,000£475,000£0020 May 202421 Nov 2024185 Days
38 Salary Close, Colchester, Essex, CO4 3HL£290,000£280,000-£10,00001 Jul 202421 Nov 2024143 Days
46 Morant Road, Colchester, Essex, CO1 2JA£250,000£235,000-£15,00007 Mar 202412 Nov 2024250 Days
64 Gavin Way, Highwoods, Colchester, Essex, CO4 9FF£495,000£495,000£0005 Aug 202406 Nov 202493 Days
34 Jovian Way, Colchester, Essex, CO4 9WT£450,000£437,500-£12,50029 Nov 202301 Nov 2024338 Days
56 Constantine Road, Colchester, Essex, CO3 3DX£450,000£440,000-£10,00017 Aug 202401 Nov 202476 Days
3 Maple Way, Colchester, Essex, CO2 7PD£160,000£151,000-£9,00010 May 202401 Nov 2024175 Days
108 Magazine Farm Way, Colchester, Essex, CO3 4ER£575,000£575,000£0027 Mar 202431 Oct 2024218 Days
83 Berkley Close, Highwoods, Colchester, Essex, CO4 9RZ£180,000£168,000-£12,00021 Aug 202430 Oct 202470 Days
30 Copper Beeches, Stanway, Colchester, Essex, CO3 0YB£425,000£410,000-£15,00005 Jun 202430 Oct 2024147 Days
Flat 106, Cranmere Court, Exeter Drive, Colchester, Essex, CO1 2RX£95,000£94,000-£1,00020 Apr 202429 Oct 2024192 Days
120 Rotary Way, Colchester, Essex, CO3 3LG£179,995£167,000-£12,99517 Jul 201725 Oct 20242657 Days
Flat 20, Vicarage Court, Shrub End Road, Colchester, Essex, CO3 4RW£210,000£200,000-£10,00024 Feb 202423 Oct 2024242 Days
79 Old Heath Road, Colchester, Essex, CO1 2EX£275,000£270,000-£5,00024 Jul 202422 Oct 202490 Days
28 Maidenburgh Street, Colchester, Essex, CO1 1UB£270,000£270,000£0025 Aug 202421 Oct 202457 Days
Flat 13, The Mill Apartments, East Street, Colchester, Essex, CO1 2QT£200,000£190,000-£10,00014 Feb 202418 Oct 2024247 Days
5 Serpentine Walk, Colchester, Essex, CO1 1XP£280,000£268,000-£12,00003 Jun 202418 Oct 2024137 Days
16 Port Lane, Colchester, Essex, CO1 2JF£230,000£220,000-£10,00005 Apr 202411 Oct 2024189 Days
49 Margaret Road, Colchester, Essex, CO1 1SA£325,000£305,000-£20,00012 Jun 202411 Oct 2024121 Days

Most Expensive Streets in Colchester

PostcodeStreetAreaAverageNo. of Sales
CO3 3SZSt Clare RoadColchester£1,379,0005
CO3 3SYFitzwalter RoadColchester£1,054,0003
CO3 4BSColvin CloseColchester£1,030,0005
CO3 3NGBeverley RoadColchester£849,0628
CO3 3JACreffield RoadColchester£824,1507
CO4 5BBBakers LaneColchester£822,2504
CO3 3TELexden RoadColchester£819,3333
CO4 5BGBraiswickColchester£813,3336
CO3 3TPIrvine RoadColchester£775,7147
CO3 3ATIreton RoadColchester£747,1258

Least Expensive Streets in Colchester

PostcodeStreetAreaAverageNo. of Sales
CO2 8JBHythe QuayColchester£67,8333
CO4 9RWGazelle CourtColchester£74,5003
CO1 2YHThe DellColchester£85,66615
CO2 7EXMersea RoadColchester£85,8005
CO4 5YEDe Grey RoadColchester£91,1666
CO3 3AHMaldon CourtMaldon Road£97,44719
CO2 8YHAvignon CloseColchester£103,4505
CO1 2RXCranmere CourtExeter Drive£106,64221
CO3 3FFSalter CourtSt Marys Fields£117,90128
CO1 1NSChurch WalkColchester£119,0005

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