House prices in Colchester have gone up by an average of over £5,000 in the month of December, according to figures from the Land Registry.

The latest data from the government department reveals that in December 2022 average house prices in Colchester reached £331,034.

This was up from £325,871 in November, representing over a 1.6 per cent increase. In the last 12 months it has risen by 11.1 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Colchester here.

How much have house prices increased in Colchester?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses - Up to £564,024 from £555,527 in November
  • Semi-detached houses - Up to £353,798 from £348,272 in November
  • Terraced houses - Up to £287,154 from £282,756 in November
  • Flats - Up to £182,337 from £179,190 in November

Gazette: What%are%the%latest%house%prices%in%Colchester%? (PA)What%are%the%latest%house%prices%in%Colchester%? (PA)

How do Colchester house prices compare to the UK average?

Even when comparing Colchester to the picture across the UK, the area is above the UK average with a typical property value in the nations reaching £294,329 in December.

In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 per cent month on month.

How much could your house be worth?

We have created this map for the East of England so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Colchester are the most expensive for average house prices.