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Colchester House Prices Colchester House Prices

The average house price in Colchester is £315,268 using HM Land Registry data.

The average property price increased by £58,470 (21.34%) over the last 5 years and increased by £11,686 (3.64%) over the last 12 months.

Over the last year, there were 1,366 residential property sales – a decrease of 916 transactions (-67.06%) relative to the previous year. The majority of house sales (294) were in the £226,000 - £292,000 range. Then came properties in the £292,000 - £358,000 range, where 293 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,039 (-2%).

In April 2024, there were 326 new estate agency instructions, 192 agreed home sales and 185 property price reductions.

Neighbouring Areas: Berechurch

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

5-Year Average Property Prices in Colchester

21.34%

Property prices in Colchester increased by 21.34% 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

3.64%

Property prices in Colchester increased by 3.64% 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 - 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 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 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
26 Lime Avenue, Colchester, Essex, CO4 3NN£180,000£175,000-£5,00013 Nov 202315 Mar 2024123 Days
206 Dale Close, Stanway, Colchester, Essex, CO3 0FT£140,000£140,000£0025 Oct 202304 Mar 2024131 Days
25 Harvard Court, Colchester, Essex, CO4 9SQ£170,000£169,676-£32403 Oct 202329 Feb 2024149 Days
Flat 31, Salter Court, St Marys Fields, Colchester, Essex, CO3 3FF£100,000£93,500-£6,50017 Aug 202329 Feb 2024196 Days
47 Valentines Drive, Colchester, Essex, CO4 0AH£270,000£266,000-£4,00025 Oct 202327 Feb 2024125 Days
2 Peace Road, Stanway, Colchester, Essex, CO3 0HF£350,000£350,000£0008 Sep 202324 Feb 2024169 Days
66 Weetmans Drive, Colchester, Essex, CO4 9EA£150,000£150,000£0024 Oct 202322 Feb 2024121 Days
137 George Williams Way, Colchester, Essex, CO1 2JR£135,000£130,000-£5,00022 Sep 202316 Feb 2024147 Days
3 George Williams Way, Colchester, Essex, CO1 2JP£150,000£150,000£0010 Oct 202305 Feb 2024118 Days
15 Sinnington End, Highwoods, Colchester, Essex, CO4 9RE£300,000£300,000£0025 Sep 202302 Feb 2024130 Days
69 Hunting Gate, Colchester, Essex, CO1 2XE£140,000£137,000-£3,00020 May 202301 Feb 2024257 Days
19 St Austell Road, Colchester, Essex, CO4 0LL£300,000£295,000-£5,00020 Sep 202331 Jan 2024133 Days
7 Magazine Farm Way, Colchester, Essex, CO3 4ER£325,000£307,000-£18,00015 Sep 202331 Jan 2024138 Days
27 Lucius Crescent, Colchester, Essex, CO4 9WW£630,000£630,000£0019 Aug 202330 Jan 2024164 Days
30 Drury Road, Colchester, Essex, CO2 7UX£320,000£320,000£0023 Oct 202329 Jan 202498 Days
2 Speedwell Road, Colchester, Essex, CO2 8DS£250,000£250,000£0021 Sep 202329 Jan 2024130 Days
10 Barn Fields, Stanway, Colchester, Essex, CO3 0WL£450,000£445,000-£5,00012 Sep 202326 Jan 2024136 Days
134 Butt Road, Colchester, Essex, CO3 3DP£325,000£325,000£0015 Sep 202326 Jan 2024133 Days
14 Whitefriars Way, Colchester, Essex, CO3 4EL£475,000£470,000-£5,00020 Sep 202324 Jan 2024126 Days
118 King Harold Road, Colchester, Essex, CO3 4SQ£450,000£450,000£0020 Jan 202424 Jan 20244 Days

Most Expensive Streets in Colchester

PostcodeStreetAreaAverageNo. of Sales
CO3 3SZSt Clare RoadColchester£1,383,7504
CO3 3TASt Clare DriveColchester£1,178,3333
CO3 4BSColvin CloseColchester£1,030,0005
CO3 3SYFitzwalter RoadColchester£994,4005
CO3 4AJRichardson WalkColchester£968,3333
CO3 3SSFitzwalter RoadColchester£950,0003
CO3 3JACreffield RoadColchester£824,1507
CO4 5BBBakers LaneColchester£777,8005
CO3 3TPIrvine RoadColchester£775,7147
CO4 5BGBraiswickColchester£774,2857

Least Expensive Streets in Colchester

PostcodeStreetAreaAverageNo. of Sales
CO1 2YHThe DellColchester£84,90815
CO2 7EXMersea RoadColchester£85,8005
CO4 5YEDe Grey RoadColchester£93,4005
CO3 3AHMaldon CourtMaldon Road£97,02718
CO2 8YHAvignon CloseColchester£104,8756
CO1 2RXCranmere CourtExeter Drive£105,69418
CO3 3DBAlexandra RoadColchester£112,1663
CO4 9XSChinookHighwoods£119,0836
CO4 5JZWindmill CourtMile End£119,5836
CO2 8DBColne ViewOld Heath Road£120,8333

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