House prices in CO2 9 (Colchester)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CO2 9' (Colchester) - statistics were last calculated on 30 August 2024.

---

Defining 'CO2 9'

This analysis is limited to properties whose postcode starts with "CO2 9", 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.

Search Area:

Change sector

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. 7, Talavera Crescent, Colchester, sold for £285,000 on Jun-2024. Given the internal area of 699 square feet, the price per sqft is £407.

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. £311-£325, £325-£339, £339-£353 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 110 sales in Colchester (CO2 9) 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 9). Of the 110 transactions, half were sold for between £286 and £374 per square foot. The median, or 'middle', price per square foot in 'CO2 9' is £330. Notably, only 25% of properties that sold recently were valued at more than £374 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 9' 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 9 (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
Salamanca Way, Colchester, CO2 9G	785 sqft	£270	17
Berechurch Hall Road, Colchester, CO2 9P	947 sqft	£334	13
Hooper Avenue, Colchester, CO2 9F	807 sqft	£354	13
Henry Everett Grove, Colchester, CO2 9F	893 sqft	£334	12
Ilex Close, Colchester, CO2 9Q	807 sqft	£273	11
Berechurch Hall Road, Colchester, CO2 9N	0 sqft	£332	9
Paxman Avenue, Colchester, CO2 9D	731 sqft	£300	9
Elmwood Avenue, Colchester, CO2 9H	785 sqft	£307	9

Search for your street here.

New build activity

Street	Avg size	Avg £sqft	New build sales
Earlswood Way, Colchester, CO2 9J	645 sqft	£291	21
Baronswood Way, Colchester, CO2 9Q	645 sqft	£289	12
Berechurch Road, Colchester, CO2 9P	850 sqft	£283	11

Earlswood Way, Colchester, CO2 9J has seen 21 new build sales in the last 4 years (average price £198,743). These new build homes typically have an internal area of 645 sqft, with an average price of £291 sqft. This £sqm average is £-39 below the average for CO2 9. New builds typically command a £ per sqft premium. In the case of Earlswood Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

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
7, Talavera Crescent, Colchester	£285,000 Jun-2024	699	407
14, Wall Mews, Colchester	£262,500 Jun-2024	613	427
9, Springfields Drive, Colchester	£440,000 May-2024	1,054	417

See the entire list of all sales in Colchester (CO2 9) here.