The latest data from the government department reveals that in March 2022 average house prices in Colchester reached £308,447.

This was down from £308,826 in February, representing a 0.1 per cent decrease. In the last 12 months it has risen by 12.0 per cent.

How much have house prices decreased in Colchester?

Breaking it down for specific types of housing, some prices saw an increase despite the general fall.

• Detached houses - Down to £528,106 from £528,381 in February
• Semi-detached houses - Up to £328,172 from £327,724 in February
• Terraced houses - Down to £264,290 from £264,919 in February
• Flats - Down to £172,607 from £173,723 in February

%image('13334298', type="article-full", alt=

How do Colchester house prices compare to the UK average?

Despite the fall in prices this month, Colchester is still above the UK average with a typical property value in the nations reaching £278,436 in March.

In cash terms, the average house price in March was £24,931 higher than a year earlier with house price growth accelerating to 9.8 per cent in March 2022. Prices were up by 0.3 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.