House prices in CO2 8 (Colchester)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CO2 8' (Colchester) - statistics were last calculated on 30 August 2024.

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Defining 'CO2 8'

This analysis is limited to properties whose postcode starts with "CO2 8", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Colchester.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square foot

Knowing the average house price in Colchester is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area

E.g. 21, Sheering Walk, Colchester, sold for £182,500 on Jul-2024. Given the internal area of 678 square feet, the price per sqft is £269.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £353-£371, £371-£390, £390-£408 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 240 sales in Colchester (CO2 8) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Colchester (CO2 8). Of the 240 transactions, half were sold for between £269 and £364 per square foot. The median, or 'middle', price per square foot in 'CO2 8' is £313. Notably, only 25% of properties that sold recently were valued at more than £364 sqft. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Colchester

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Colchester. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Colchester

Comparison with neighbouring postcode sectors

The table below shows how 'CO2 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO2 7 Colchester	£287 sqft	£319 sqft	£359 sqft
CO2 9 Colchester	£286 sqft	£330 sqft	£374 sqft
CO2 0 Layer De La Haye	£332 sqft	£356 sqft	£403 sqft
CO2 8 Colchester	£269 sqft	£313 sqft	£364 sqft

Will Colchester house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CO2 8 (Colchester) compared with both the wider area CO2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Colchester to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Colchester and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqft	Recent sales
Old Heath Road, Colchester, CO2 8A	861 sqft	£309	30
Friday Wood Green, Colchester, CO2 8X	570 sqft	£364	23
Caelum Drive, Colchester, CO2 8F	645 sqft	£279	19
Cavendish Avenue, Colchester, CO2 8B	775 sqft	£325	19
Lethe Grove, Colchester, CO2 8R	775 sqft	£249	19
Quayside Drive, Colchester, CO2 8G	635 sqft	£273	18
Queensland Drive, Colchester, CO2 8U	904 sqft	£311	16
Albany Gardens, Colchester, CO2 8H	818 sqft	£243	15

Search for your street here.

Raw data

Our analysis of Colchester is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqft	£/sqft
21, Sheering Walk, Colchester	£182,500 Jul-2024	678	269
8, Agnes Silverside Close, Colchester	£315,000 Jun-2024	957	328
14, Bell Close, Colchester	£152,000 Jun-2024	656	231

See the entire list of all sales in Colchester (CO2 8) here.