# House prices in CO4 0 (Colchester)

## Defining 'CO4 0'

This analysis is limited to properties whose postcode starts with "CO4 0", 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 labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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

## Price per square metre

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

£ per sqm = price ÷ internal area
E.g. 18, Orchard Gardens, Colchester, sold for £130,000 on Mar-2024. Given the internal area of 49 square metres, the price per sqm is £2,653.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,800-£4,000, £4,000-£4,200, £4,200-£4,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 159 sales in Colchester (CO4 0) that took place in the last two years.

##### Distribution of £ per sqm for Colchester
Distribution of £ per sqm house prices in Colchester

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 (CO4 0). Of the 159 transactions, half were sold for between £3,140 and £4,180 per square metre. The median, or 'middle', price per square metre in 'CO4 0' is £3,620. Notably, only 25% of properties that sold recently were valued at more than £4,180 sqm. 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 'CO4 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO4 0 Colchester £3,140 sqm £3,620 sqm £4,180 sqm
CO4 6 Colchester £3,560 sqm £3,890 sqm £4,360 sqm
CO4 5 Colchester £3,110 sqm £3,570 sqm £4,160 sqm
CO4 9 Highwoods £3,670 sqm £4,250 sqm £4,590 sqm
CO4 3 Colchester £2,940 sqm £3,520 sqm £4,170 sqm

## 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 CO4 0 (Colchester) compared with both the wider area CO4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Colchester,Colchester
House price trends for Colchester

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.

##### Most recent CO4 0 sales
Recent trends for Colchester

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 £sqm Recent sales
St Johns Road, Colchester, CO4 0J 96 sqm £3,545 36
Ipswich Road, Colchester, CO4 0E 110 sqm £3,442 29
Goring Road, Colchester, CO4 0D 72 sqm £3,129 18
Ipswich Road, Colchester, CO4 0H 111 sqm £3,671 16
Ipswich Road, Colchester, CO4 0A 76 sqm £3,054 14
Orchard Gardens, Colchester, CO4 0X 46 sqm £2,652 12
Broad Oaks Park, Colchester, CO4 0J 107 sqm £3,678 11
Broadlands Way, Colchester, CO4 0A 84 sqm £3,764 11

## 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.