House prices in CO3 9 (Colchester)

This article reveals price per square foot data and various charts to help you understand current housing market in 'CO3 9' (Colchester, Stanway) - statistics were last calculated on 30 August 2024.

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Defining 'CO3 9'

This analysis is limited to properties whose postcode starts with "CO3 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.

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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. 77, Parr Drive, Colchester, Stanway, sold for £157,500 on Jul-2024. Given the internal area of 947 square feet, the price per sqft is £166.

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 113 sales in Colchester (CO3 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 (CO3 9). Of the 113 transactions, half were sold for between £320 and £389 per square foot. The median, or 'middle', price per square foot in 'CO3 9' is £357. Notably, only 25% of properties that sold recently were valued at more than £389 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, Stanway

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 Stanway. 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, Stanway

Comparison with neighbouring postcode sectors

The table below shows how 'CO3 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO3 0 Stanway	£329 sqft	£380 sqft	£431 sqft
CO3 3 Colchester	£284 sqft	£352 sqft	£401 sqft
CO3 4 Colchester	£337 sqft	£369 sqft	£434 sqft
CO3 8 Stanway	£323 sqft	£358 sqft	£394 sqft
CO3 9 Colchester	£320 sqft	£357 sqft	£389 sqft

Will Stanway 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 CO3 9 (Colchester) compared with both the wider area CO3 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 Stanway 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 Stanway 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
Straight Road, Colchester, CO3 9D	0 sqft	£328	22
Newcastle Avenue, Colchester, CO3 9X	914 sqft	£348	20
Straight Road, Colchester, CO3 9B	0 sqft	£325	15
Parr Drive, Colchester, CO3 9E	914 sqft	£353	15
Oaklands Avenue, Colchester, CO3 9E	0 sqft	£350	13
Straight Road, Colchester, CO3 9E	0 sqft	£365	13
Dugard Avenue, Colchester, CO3 9E	0 sqft	£303	13
Firstore Drive, Colchester, CO3 9E	925 sqft	£348	11

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
77, Parr Drive, Colchester, Stanway	£157,500 Jul-2024	947	166
4, Halstead Rd, Colchester, Stanway	£295,000 Jul-2024	807	365
74, Oaklands Avenue, Colchester, Stanway	£420,000 Jul-2024	1,313	319

See the entire list of all sales in Colchester (CO3 9) here.