House prices in Colchester have gone down by an average of over £1,000 in the month of April, according to figures from the Land Registry.

The latest data from the government department reveals that in April 2022 average house prices in Colchester reached £306,532.

This was down from £307,977 in March, representing a 0.5 per cent decrease. In the last 12 months it has risen by 12.4 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 decreased in Colchester?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £523,297 from £525,574 in March
  • Semi-detached houses - Down to £326,817 from £328,180 in March
  • Terraced houses - Down to £263,595 from £264,421 in March
  • Flats - Down to £170,923 from £172,460 in March

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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 £281,161 in April.

In cash terms, the average house price in April was £30,950 higher than a year earlier with house price growth accelerating to 12.4 per cent in April 2022. Prices were up by 1.1 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.