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Brightlingsea House Prices Brightlingsea House Prices

The average house price in Brightlingsea is £259,062 using HM Land Registry data.

The average property price increased by £51,920 (20.86%) over the last 5 years and increased by £10,377 (3.57%) over the last 12 months.

Over the last year, there were 111 residential property sales – a decrease of 84 transactions (-75.68%) relative to the previous year. The majority of house sales (31) were in the £260,000 - £320,000 range. Then came properties in the £200,000 - £260,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 45 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,478 (-2%).

In April 2024, there were 23 new estate agency instructions, 21 agreed home sales and 10 property price reductions.

Postcodes Covered: CO7

5-Year Average Property Prices in Brightlingsea

20.86%

Property prices in Brightlingsea increased by 20.86% 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 Brightlingsea Over the Last Year

3.57%

Property prices in Brightlingsea increased by 3.57% 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 Brightlingsea - 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 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 Brightlingsea

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 Brightlingsea

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 Brightlingsea

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 Brightlingsea since 1995

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

Recent Property Sales in Brightlingsea

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Walmer Close, Brightlingsea, Colchester, Essex, CO7 0PE£385,000£380,000-£5,00021 Nov 202329 Feb 2024100 Days
19 Fordwich Road, Brightlingsea, Colchester, Essex, CO7 0RE£295,000£290,000-£5,00001 Nov 202326 Feb 2024117 Days
147 Sydney Street, Brightlingsea, Colchester, Essex, CO7 0BD£185,000£172,000-£13,00027 Nov 202309 Feb 202474 Days
57 Chapel Road, Brightlingsea, Colchester, Essex, CO7 0HB£195,000£192,000-£3,00026 Oct 202326 Jan 202492 Days
16 Upper Park Road, Brightlingsea, Colchester, Essex, CO7 0JL£325,000£315,000-£10,00021 Jul 202322 Jan 2024185 Days
22 Mill Street, Brightlingsea, Colchester, Essex, CO7 0EL£375,000£375,000£0013 Oct 202314 Dec 202362 Days
48 Silcott Street, Brightlingsea, Colchester, Essex, CO7 0DS£220,000£180,000-£40,00008 Sep 202313 Dec 202396 Days
2 Planton Way, Brightlingsea, Colchester, Essex, CO7 0LB£290,000£275,000-£15,00020 Jul 202311 Dec 2023144 Days
32 New Street, Brightlingsea, Colchester, Essex, CO7 0BZ£230,000£225,000-£5,00024 Jul 202328 Nov 2023127 Days
43 Dean Street, Brightlingsea, Colchester, Essex, CO7 0JH£475,000£460,000-£15,00021 Jun 202324 Nov 2023156 Days
18 Albert Road, Brightlingsea, Colchester, Essex, CO7 0NB£190,000£185,000-£5,00020 Jul 202317 Nov 2023120 Days
40 Colne Road, Brightlingsea, Colchester, Essex, CO7 0DL£225,000£220,000-£5,00006 Apr 202330 Oct 2023207 Days
5 Hastings Place, Brightlingsea, Colchester, Essex, CO7 0PB£350,000£350,000£0008 Mar 202320 Oct 2023226 Days
33 Upper Park Road, Brightlingsea, Colchester, Essex, CO7 0JP£255,000£250,000-£5,00024 Apr 202303 Oct 2023162 Days
2 Hall Cut, Brightlingsea, Colchester, Essex, CO7 0BY£220,000£208,550-£11,45010 May 202329 Sep 2023142 Days
79 Nelson Street, Brightlingsea, Colchester, Essex, CO7 0DN£215,000£193,000-£22,00021 Apr 202329 Sep 2023161 Days
36 Granville Way, Brightlingsea, Colchester, Essex, CO7 0SY£350,000£340,000-£10,00010 May 202329 Sep 2023142 Days
3 Maltings Road, Brightlingsea, Colchester, Essex, CO7 0RG£285,000£285,000£0021 Jun 202327 Sep 202398 Days
19 Dover Road, Brightlingsea, Colchester, Essex, CO7 0PU£350,000£340,000-£10,00014 Feb 202322 Sep 2023220 Days
24 Ladysmith Avenue, Brightlingsea, Colchester, Essex, CO7 0JD£360,000£351,000-£9,00019 Jul 202222 Sep 2023430 Days

Most Expensive Streets in Brightlingsea

PostcodeStreetAreaAverageNo. of Sales
CO7 0SPFolkards LaneBrightlingsea£445,7504
CO7 0LPRichard AvenueBrightlingsea£438,4624
CO7 0JHDean StreetBrightlingsea£436,6663
CO7 0NNRegent RoadBrightlingsea£429,5254
CO7 0RNSamsons RoadBrightlingsea£429,40010
CO7 0QRManor House WayBrightlingsea£428,3333
CO7 0RUMarennes CrescentBrightlingsea£420,4005
CO7 0STRobinson RoadBrightlingsea£408,3137
CO7 0LZEdward AvenueBrightlingsea£382,7504
CO7 0JXLower Park RoadBrightlingsea£381,2504

Least Expensive Streets in Brightlingsea

PostcodeStreetAreaAverageNo. of Sales
CO7 0TBCampernell CloseBrightlingsea£116,3758
CO7 0HNDoves CourtSydney Street, Brightlingsea£118,3754
CO7 0UDManor MewsPark Drive£127,2484
CO7 0LUSpringfieldsBrightlingsea£134,30518
CO7 0HXTrafalgar CourtRed Barn Road£136,0009
CO7 0NXBellfield AvenueBrightlingsea£172,6663
CO7 0DGFrancis StreetBrightlingsea£177,7857
CO7 0JSLower Park RoadBrightlingsea£183,7374
CO7 0BDSydney StreetBrightlingsea£187,8577
CO7 0BZNew StreetBrightlingsea£188,0717

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