House prices in CO4 9 (Highwoods)
This article reveals price per square foot data and various charts to help you understand current housing market in 'CO4 9' (Highwoods, Colchester) - statistics were last calculated on 30 August 2024.
Defining 'CO4 9'
This analysis is limited to properties whose postcode starts with "CO4 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 Highwoods.
You can click on the map to change 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 foot
Knowing the average house price in Highwoods 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 areaE.g. 36, Weetmans Drive, Highwoods, Colchester, sold for £190,000 on Jun-2024. Given the internal area of 656 square feet, the price per sqft is £289.
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. £301-£325, £325-£348, £348-£371 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 196 sales in Highwoods (CO4 9) that took place in the last two years.
Distribution of £ per sqft for Highwoods, Colchester
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 Highwoods (CO4 9). Of the 196 transactions, half were sold for between £340 and £421 per square foot. The median, or 'middle', price per square foot in 'CO4 9' is £389. Notably, only 25% of properties that sold recently were valued at more than £421 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 Highwoods, 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 Highwoods, Colchester
Comparison with neighbouring postcode sectors
The table below shows how 'CO4 9' compares to neighbouring postcode sectors.
Postcode sector | Lower quartile | Middle quartile | Upper quartile |
---|---|---|---|
CO4 5 Colchester | £296 sqft | £336 sqft | £378 sqft |
CO4 0 Colchester | £304 sqft | £337 sqft | £383 sqft |
CO4 6 Colchester | £340 sqft | £376 sqft | £405 sqft |
CO4 3 Colchester | £274 sqft | £329 sqft | £390 sqft |
CO4 9 Highwoods | £340 sqft | £389 sqft | £421 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 CO4 9 (Highwoods) 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 foot in Highwoods,Colchester
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.
Most recent CO4 9 sales
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 |
---|---|---|---|
Derwent Road, Highwoods, CO4 9R | 656 sqft | £404 | 29 |
Weetmans Drive, Highwoods, CO4 9E | 839 sqft | £275 | 23 |
Hanbury Gardens, Highwoods, CO4 9T | 548 sqft | £287 | 18 |
Cleveland Close, Highwoods, CO4 9R | 592 sqft | £357 | 16 |
Gavin Way, Highwoods, CO4 9F | 0 sqft | £327 | 16 |
Chinook, Highwoods, CO4 9X | 624 sqft | £375 | 15 |
Enville Way, Highwoods, CO4 9U | 538 sqft | £344 | 13 |
Victoria Gardens, Highwoods, CO4 9Y | 613 sqft | £379 | 12 |
Search for your street here.
New build activity
Street | Avg size | Avg £sqft | New build sales |
---|---|---|---|
Widgery Way, Highwoods, CO4 9A | 0 sqft | £335 | 10 |
Widgery Way, Highwoods, CO4 9A has seen 10 new build sales in the last 4 years (average price £413,267). These new build homes typically have an internal area of 1,227 sqft, with an average price of £335 sqft. This £sqm average is £-54 below the average for CO4 9. New builds typically command a £ per sqft premium. In the case of Widgery 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 Highwoods 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 |
---|---|---|---|
36, Weetmans Drive, Highwoods, Colchester | £190,000
Jun-2024
|
656 | 289 |
28, Robert Cameron Mews, Highwoods, Colchester | £290,000
Jun-2024
|
807 | 359 |
32, Langdale Drive, Highwoods, Colchester | £273,000
Jun-2024
|
904 | 301 |
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.