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Berechurch House Prices Berechurch House Prices

The average house price in Berechurch is £317,000 using HM Land Registry data.

The average property price increased by £68,786 (31.16%) over the last 5 years and increased by £13,747 (4.98%) over the last 12 months.

Over the last year, there were 82 residential property sales – a decrease of 24 transactions (-29.27%) relative to the previous year. The majority of house sales (19) were in the £226,000 - £262,000 range. Then came properties in the £262,000 - £298,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,029 (-2%).

In April 2024, there were 18 new estate agency instructions, 6 agreed home sales and 9 property price reductions.

Neighbouring Areas: Colchester

Postcodes Covered: CO2

5-Year Average Property Prices in Berechurch

31.16%

Property prices in Berechurch increased by 31.16% 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 Berechurch Over the Last Year

4.98%

Property prices in Berechurch increased by 4.98% 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 Berechurch - April 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 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 Berechurch

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 Berechurch

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 Berechurch

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 Berechurch since 1995

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

Recent Property Sales in Berechurch

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
135 Friday Wood Green, Colchester, Essex, CO2 8XF£300,000£295,000-£5,00030 Oct 202308 Feb 2024101 Days
4 Prince Philip Road, Colchester, Essex, CO2 8PA£250,000£250,000£0031 Oct 202329 Jan 202490 Days
212 Monkwick Avenue, Colchester, Essex, CO2 8LN£270,000£263,000-£7,00020 Oct 202326 Jan 202498 Days
Torena, Mersea Road, Blackheath, Colchester, Essex, CO2 0BU£500,000£495,000-£5,00005 Sep 202319 Dec 2023105 Days
Flat 4, Blenheim, Blenheim Drive, Colchester, Essex, CO2 0AR£140,000£138,000-£2,00012 Jan 202328 Nov 2023320 Days
3 Wethersfield Road, Colchester, Essex, CO2 0BD£290,000£287,000-£3,00007 Aug 202317 Nov 2023102 Days
14 Maryborough Grove, Colchester, Essex, CO2 8XJ£280,000£275,000-£5,00010 Aug 202327 Oct 202378 Days
17 Ash Grove, Colchester, Essex, CO2 0AH£320,000£305,000-£15,00025 Apr 202309 Oct 2023167 Days
66 Friday Wood Green, Colchester, Essex, CO2 8XG£285,000£280,000-£5,00006 Apr 202319 Sep 2023166 Days
60 Friday Wood Green, Colchester, Essex, CO2 8XG£250,000£243,500-£6,50018 Apr 202315 Sep 2023150 Days
20 Terling Close, Colchester, Essex, CO2 8LS£250,000£245,000-£5,00012 Apr 202308 Sep 2023149 Days
9 Lethe Grove, Colchester, Essex, CO2 8RG£265,000£258,000-£7,00031 Mar 202308 Sep 2023161 Days
18 Wyndham Close, Colchester, Essex, CO2 8UY£240,000£238,000-£2,00001 Mar 202323 Aug 2023175 Days
3 Pebmarsh Close, Colchester, Essex, CO2 0BE£280,000£270,000-£10,00012 Dec 202216 Aug 2023247 Days
26 Lethe Grove, Colchester, Essex, CO2 8RG£250,000£240,000-£10,00024 Nov 202211 Jul 2023229 Days
87 Onslow Crescent, Colchester, Essex, CO2 8UW£275,000£265,000-£10,00007 Oct 202230 Jun 2023266 Days
9 Adelaide Drive, Colchester, Essex, CO2 8UB£300,000£290,000-£10,00011 Nov 202205 May 2023175 Days
4 Rose Allen Avenue, Colchester, Essex, CO2 8WL£315,000£310,000-£5,00006 Dec 202211 Apr 2023126 Days
14 Lethe Grove, Colchester, Essex, CO2 8RG£290,000£268,000-£22,00029 Jul 202203 Apr 2023248 Days
16 Travers Road, Colchester, Essex, CO2 9FH£325,000£325,000£0023 Nov 202231 Mar 2023128 Days

Most Expensive Streets in Berechurch

PostcodeStreetAreaAverageNo. of Sales
CO2 0BUMersea RoadBlackheath£484,0005
CO2 0AABlackheathColchester£403,3333
CO2 0ADBlackheathColchester£370,6663
CO2 0ALChestnut AvenueColchester£346,6663
CO2 8QYMersea RoadColchester£345,0005
CO2 0BRWest Donyland CourtColchester£337,8005
CO2 8WRJames Parnell DriveColchester£335,0003
CO2 8WTJohn Hammond CloseColchester£324,0003
CO2 9FHTravers RoadColchester£319,0009
CO2 9FWPier CloseColchester£314,3754

Least Expensive Streets in Berechurch

PostcodeStreetAreaAverageNo. of Sales
CO2 8XEFriday Wood GreenColchester£135,6005
CO2 0BBWethersfield RoadColchester£161,1663
CO2 8WUThomas Benold WalkColchester£165,5003
CO2 8RQLethe GroveColchester£165,84613
CO2 8WJWilliam Harris WayColchester£186,20812
CO2 8FJNightingale CourtColchester£186,8333
CO2 8WLRose Allen AvenueColchester£202,5008
CO2 8XGFriday Wood GreenColchester£202,84723
CO2 0ARBlenheim DriveColchester£203,6005
CO2 0BWNathan CourtBlackheath£204,0544

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