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

The latest data from the government department reveals that in July 2022 average house prices in Colchester reached £322,165.

This was up from £316,806 in June, representing over a 1.7 per cent increase. In the last 12 months it has risen by 14.8 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 £546,020 from £538,333 in June
  • Semi-detached houses - Up to £344,628 from £338,137 in June
  • Terraced houses - Up to £279,927 from £274,750 in June
  • Flats - Up to £178,769 from £175,971 in June

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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 £292,118 in July.

In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022.  Prices were up by 2.0 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.