Feb 07, 2023 by HM

House prices in Earls Colne (CO6 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Earls Colne (CO6 2).


Defining 'CO6 2'

This analysis is limited to properties whose postcode starts with "CO6 2", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Earls Colne 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. 2, Swallow Field, Earls Colne, Coggeshall, sold for £500,000 on Jan-2024. Given the internal area of 118 square metres, the price per sqm is £4,237.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres 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 110 sales in Earls Colne (CO6 2) that took place in the last two years.

Distribution of £ per sqm for Earls Colne (CO6 2)
Distribution of £ per sqm house prices in Earls Colne

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 Earls Colne (CO6 2). Of the 110 transactions, half were sold for between £3,410 and £4,510 per square metre. The median, or 'middle', price per square metre in 'CO6 2' is £3,890. Notably, only 25% of properties that sold recently were valued at more than £4,510m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Earls Colne

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 Earls Colne. 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.

Property price heatmap for Earls Colne
House price heatmap for Earls Colne

Comparison with neighbouring postcode sectors

The table below shows how 'CO6 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO6 4 Great Horkesley £3,520m2 £4,000m2 £4,560m2
CO6 1 Coggeshall £3,400m2 £3,890m2 £4,550m2
CO6 2 Earls Colne £3,410m2 £3,890m2 £4,510m2
CO6 5 Polstead £3,230m2 £3,700m2 £5,070m2
CO6 3 West Bergholt £3,610m2 £4,040m2 £4,560m2

Will Earls Colne 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 scatter plot below for CO6 2 (Earls Colne). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CO6 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Earls Colne (CO6 2) over time
House price trends for Earls Colne

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Earls Colne 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Earls Colne data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Lowefields, Earls Colne, CO6 2L 69m2 £4,514 10
High Street, Earls Colne, CO6 2P 98m2 £3,309 9
Thomas Bell Road, Earls Colne, CO6 2P 56m2 £4,198 9
High Street, Earls Colne, CO6 2Q 93m2 £3,350 9
Queens Road, Earls Colne, CO6 2R 95m2 £3,762 9
Brook Street, Earls Colne, CO6 2J 101m2 £3,669 8
Colchester Road, Earls Colne, CO6 2P 119m2 £3,749 8
Colchester Road, Earls Colne, CO6 2D 155m2 £3,685 8

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Monks Road, Earls Colne, CO6 2R 96m2 £3,938 9

Monks Road, Earls Colne, CO6 2R has seen 9 new build sales in the last 4 years (average price £363,850). These new build homes typically have an internal area of 96 m2, with an average price of £3,938 m2. This £sqm average is £48 above the average for CO6 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Earls Colne 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 m2 £/m2
2, Swallow Field, Earls Colne, Coggeshall £500,000
Jan-2024
118 4,237
38, Thomas Bell Rd, Earls Colne, Coggeshall £260,000
Dec-2023
55 4,727
77, De Vere Rd, Earls Colne, Coggeshall £179,000
Dec-2023
60 2,983

See the entire list of all sales in Earls Colne (CO6 2) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.