Colchester property prices

The average property price in Colchester postcode area is £317k. The average price increased by £29.8k (10%) over the last twelve months. The price of an established property is £315k. The price of a newly built property is £348k. There were 7.0k property sales and sales increased by 3.0% (218 transactions). Most properties were sold in the £300k-£400k price range with 1539 (22.1%) properties sold, followed by £200k-£250k price range with 1347 (19.3%) properties sold.

September 2020 - August 2021

Colchester postcode area

England and Wales

£317k

average property price

£339k

average property price

10%

average price percentage change

12%

average price percentage change

£29.8k

average price change

£35.7k

average price change

Colchester house prices map

This price map shows the average property price in a given postcode sector between September 2020 - August 2021. The most affordable place was 'CO15 2' with the average price of £156k. The most expensive place was 'CO7 6', £506k.

Colchester house prices map

Colchester house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between September 2020 - August 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.

Colchester house prices compared to other areasAverage price percentage change
Average property price

Colchester house price rank

With the average price of £317k, Colchester is the 50. most pricey postcode area out of 105 England and Wales' postcode areas.

Colchester house price rank

Colchester property sales share by price range

shows a number of properties sold in a given price range between September 2020 - August 2021.

Colchester property sales share by price range
Property price rangeMarket shareSales volumes
under £50k0.0%3
£50k-£100k1.8%123
£100k-£150k6.0%418
£150k-£200k13.3%931
£200k-£250k19.3%1.3k
£250k-£300k17.1%1.2k
£300k-£400k22.1%1.5k
£400k-£500k10.2%709
£500k-£750k8.1%562
£750k-£1M1.6%115
over £1M0.6%39

Colchester cost comparison of new homes and older homes

September 2020 - August 2021

Colchester cost comparison of new homes and older homes

£348k

A newly built property

£315k

An established property

Colchester cost comparison of houses and flats

September 2020 - August 2021

Colchester cost comparison of houses and flats

£418k

Detached

£171k

Flat

£283k

Semi-Detached

£241k

Terraced

Colchester property price by number of rooms

The average nominal property price by number of rooms. Kitchen is included in the number of rooms.

Average price by number of rooms

Colchester real house prices

Yearly average nominal house prices adjusted for inflation.

Colchester real house prices

Colchester house prices

Yearly average nominal prices compared to England & Wales' house prices

Colchester house prices

Colchester house prices per square meter

Yearly average nominal price per square meter compared to England & Wales' house prices

Colchester house prices per square meter

Colchester house prices and nearby areas

Yearly average nominal prices

Colchester house prices and nearby areas

Colchester house prices by property type

Yearly average nominal prices

Colchester house prices by property type

Colchester house price to earnings ratio

The median property price to median earnings ratio is ranging between 8.3 in Tendring and 8.8 in Colchester. Ie. Tendring resident with middle-income needs 8.3 gross annual salaries to buy a medium-priced property. Resident in Colchester needs 8.8 annual salaries. The England and Wales ratio was 7.7 in 2019.
Colchester house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
England and Wales7.7
Tendring8.3
Braintree8.7
Babergh8.8
Colchester8.8

Other reports for Colchester postcode area

house prices per square meter

new home prices

property transactions

crime statistics

energy costs

salary and unemployment

home features

home energy certificates

population statistics

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