House prices in CO4 6 (Colchester)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CO4 6' (Colchester) - statistics were last calculated on 30 June 2024.

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Defining 'CO4 6'

This analysis is limited to properties whose postcode starts with "CO4 6", 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.

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Change sector

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. 12, Myland Court Walk, Colchester, sold for £410,000 on May-2024. Given the internal area of 101 square metres, the price per sqm is £4,059.

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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 94 sales in Colchester (CO4 6) that took place in the last two years.

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 6). Of the 94 transactions, half were sold for between £3,630 and £4,360 per square metre. The median, or 'middle', price per square metre in 'CO4 6' is £4,010. Notably, only 25% of properties that sold recently were valued at more than £4,360 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 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO4 5 Colchester	£3,100 sqm	£3,550 sqm	£4,060 sqm
CO4 0 Colchester	£3,250 sqm	£3,650 sqm	£4,180 sqm
CO4 6 Colchester	£3,630 sqm	£4,010 sqm	£4,360 sqm
CO4 3 Colchester	£2,910 sqm	£3,510 sqm	£4,170 sqm
CO4 9 Highwoods	£3,680 sqm	£4,220 sqm	£4,550 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 6 (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.

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 £sqm	Recent sales
Wildeve Avenue, Colchester, CO4 6A	81 sqm	£3,689	22
Bergholt Road, Colchester, CO4 6D	70 sqm	£3,922	22
Lilianna Road, Colchester, CO4 6D	103 sqm	£3,935	17
Birchwood Drive, Colchester, CO4 6A	90 sqm	£4,020	14
Fox Way, Colchester, CO4 6A	74 sqm	£3,845	11
Cansend Road, Colchester, CO4 6A	112 sqm	£3,663	9
Summertime Drive, Colchester, CO4 6A	99 sqm	£3,727	9
Arthur Cross Square, Colchester, CO4 6B	104 sqm	£3,640	7

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Whitmore Drive, Colchester, CO4 6B	118 sqm	£3,194	15
Cordelia Drive, Colchester, CO4 6A	99 sqm	£3,212	11
Echelon Walk, Colchester, CO4 6B	120 sqm	£3,892	14

Whitmore Drive, Colchester, CO4 6B has seen 15 new build sales in the last 4 years (average price £371,540). These new build homes typically have an internal area of 118 sqm, with an average price of £3,194 sqm. This £sqm average is £-816 below the average for CO4 6. New builds typically command a £ per sqm premium. In the case of Whitmore Drive 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	sqm	£/sqm
12, Myland Court Walk, Colchester	£410,000 May-2024	101	4,059
Apartment 38 Station Square, Bergholt Rd, Colchester	£182,500 Apr-2024	52	3,509
11, Summertime Drive, Colchester	£330,000 Apr-2024	84	3,928

See the entire list of all sales in Colchester (CO4 6) here.