The average property price in Colchester postcode area is £302k. The average price increased by £18.3k (6%) over the last twelve months. The price of an established property is £298k. The price of a newly built property is £344k. There were 5.4k property sales and sales dropped by 29.2% (-2.4k transactions). Most properties were sold in the £200k-£250k price range with 1121 (20.7%) properties sold, followed by £300k-£400k price range with 1098 (20.3%) properties sold.
Colchester postcode area | England and Wales |
|---|---|
£302kaverage property price | £320kaverage property price |
6%average price percentage change | 8%average price percentage change |
£18.3kaverage price change | £22.6kaverage price change |
This price map shows the average property price in a given postcode sector between March 2020 - February 2021. The most affordable place was 'CO15 2' with the average price of £153k. The most expensive place was 'CO6 5', £592k.
Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between March 2020 - February 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in postcode area.
Average price percentage changeWith the average price of £302k, Colchester is the 51. most pricey postcode area out of 105 England and Wales' postcode areas.
shows a number of properties sold in a given price range between March 2020 - February 2021.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 0.1% | 6 |
| █ £50k-£100k | 2.3% | 123 |
| █ £100k-£150k | 7.6% | 411 |
| █ £150k-£200k | 14.8% | 802 |
| █ £200k-£250k | 20.7% | 1.1k |
| █ £250k-£300k | 16.9% | 913 |
| █ £300k-£400k | 20.3% | 1.1k |
| █ £400k-£500k | 8.5% | 462 |
| █ £500k-£750k | 6.7% | 364 |
| █ £750k-£1M | 1.4% | 76 |
| █ over £1M | 0.6% | 30 |
March 2020 - February 2021
March 2020 - February 2021
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices
Yearly average nominal prices per square meter.
Yearly average nominal prices
Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.
Yearly average nominal prices
| Local authority | Median house price to median salary ratio in 2019 |
|---|---|
| England and Wales | 7.7 |
| Tendring | 8.3 |
| Braintree | 8.7 |
| Babergh | 8.8 |
| Colchester | 8.8 |