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House Prices in CO3 House Prices in CO3 (Colchester)

The average house price in CO3 (Colchester) is £409,341 using HM Land Registry data.

The average property price increased by £48,690 (9.85%) over the last 5 years and increased by £9,731 (1.67%) over the last 12 months.

Over the last year, there were 405 residential property sales – a decrease of 84 transactions (-20.74%) relative to the previous year. The majority of house sales (106) were in the £266,000 - £342,000 range. Then came properties in the £342,000 - £418,000 range, where 93 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,279 (-2%).

In May 2025, there were 111 new estate agency instructions, 72 agreed home sales and 63 property price reductions.

Nearby Postcodes: CB8, CB9, CM77, CO1, CO10, CO11, CO12, CO13, CO14, CO15, CO16, CO2, CO4, CO5, CO6, CO7, CO8, CO9, IP29, IP30, IP7, IP9

5-Year Average Property Prices in CO3 (Colchester)

9.85%

Property prices in CO3 (Colchester) increased by 9.85% 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 CO3 (Colchester) Over the Last Year

1.67%

Property prices in CO3 (Colchester) increased by 1.67% 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 CO3 (Colchester) - May 2025

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 CO3 (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 CO3 (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 CO3 (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 CO3 (Colchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CO3 postcode area since 1995.

Recent Sales in CO3 (Colchester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Mellor Chase, Colchester, Essex, CO3 9BN£345,000£345,000£017 May 202413 Feb 2025272 Days
69 London Road, Stanway, Colchester, Essex, CO3 0NX£250,000£247,500-£2,50002 Jan 202512 Feb 202541 Days
51 Victoria Road, Colchester, Essex, CO3 3NU£825,000£825,000£028 Oct 202411 Feb 2025106 Days
32 Wheatfield Road, Stanway, Colchester, Essex, CO3 0YJ£550,000£520,000-£30,00028 Jun 202407 Feb 2025224 Days
8 Hills Crescent, Colchester, Essex, CO3 4NU£425,000£420,000-£5,00019 Sep 202407 Feb 2025141 Days
66 Plume Avenue, Colchester, Essex, CO3 4PJ£290,000£285,000-£5,00012 Sep 202406 Feb 2025147 Days
9 Hurnard Drive, Colchester, Essex, CO3 3SH£700,000£675,000-£25,00001 Oct 202431 Jan 2025122 Days
64 Wickham Road, Colchester, Essex, CO3 3EE£260,000£260,000£004 Oct 202431 Jan 2025119 Days
5 Lexden Grove, Colchester, Essex, CO3 4BP£550,000£525,000-£25,00030 Jul 202431 Jan 2025185 Days
39 Chaucer Way, Colchester, Essex, CO3 4HE£400,000£400,000£019 Jun 202424 Jan 2025219 Days
22 Spring Sedge Close, Stanway, Colchester, Essex, CO3 0PP£260,000£260,000£024 Apr 202419 Dec 2024239 Days
22 Heath Road, Colchester, Essex, CO3 4DH£400,000£395,000-£5,00011 Jun 202419 Dec 2024191 Days
28 Lucy Close, Stanway, Colchester, Essex, CO3 0HZ£320,000£315,000-£5,00002 Oct 202416 Dec 202475 Days
91 Henry Laver Court, Colchester, Essex, CO3 3DY£210,000£205,000-£5,00025 Jan 202416 Dec 2024326 Days
102 Collingwood Road, Colchester, Essex, CO3 9BB£325,000£325,000£025 Jul 202406 Dec 2024134 Days
5 Jubilee Close, Stanway, Colchester, Essex, CO3 0HN£400,000£390,000-£10,00004 Jul 202414 Nov 2024133 Days
56 Constantine Road, Colchester, Essex, CO3 3DX£450,000£440,000-£10,00017 Aug 202401 Nov 202476 Days
108 Magazine Farm Way, Colchester, Essex, CO3 4ER£575,000£575,000£027 Mar 202431 Oct 2024218 Days
30 Copper Beeches, Stanway, Colchester, Essex, CO3 0YB£425,000£410,000-£15,00005 Jun 202430 Oct 2024147 Days
120 Rotary Way, Colchester, Essex, CO3 3LG£179,995£167,000-£12,99517 Jul 201725 Oct 20242657 Days

Most Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3SZSt Clare RoadColchester£1,379,0005
CO3 3SYFitzwalter RoadColchester£1,054,0003
CO3 4BSColvin CloseColchester£1,030,0005
CO3 4ARThe Chase WayColchester£870,8333
CO3 3JACreffield RoadColchester£824,1507
CO3 3TELexden RoadColchester£819,3333
CO3 3NGBeverley RoadColchester£806,3889
CO3 3HUInglis RoadColchester£760,7938
CO3 3TPIrvine RoadColchester£759,1666
CO3 3ATIreton RoadColchester£747,1258

Least Expensive Streets in CO3 (Colchester)

PostcodeStreetAreaAverageNo. of Sales
CO3 3AHMaldon Court, Maldon RoadColchester£98,27718
CO3 3FFSalter Court, St Marys FieldsColchester£115,22328
CO3 3LTSheepen PlaceColchester£133,04817
CO3 0YSCharles Court, Wheatfield RoadColchester£146,7504
CO3 4LFAlan WayColchester£150,3333
CO3 9FDLexden Place, Halstead RoadColchester£151,9287
CO3 0BJDugard House, Peartree RoadColchester£162,30015
CO3 3HQOxford Court, Oxford RoadColchester£166,80010
CO3 9FNAsh WayColchester£170,2005
CO3 3HHPriory Court, Crouch Street West, ColchesterColchester£173,36615

Explore CO3 (Colchester) using map

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