We
2023 January - December
Property Marketing Insights
Est 1968
Our Beresfords Property Marketing Insights Report for Colchester provides you with area statistics, a review of the Residential Sales and Lettings Market over the last 12 months, and also gives you an insight into property prices in the area over a six year period. Interested in Colchester? Read on for more information.
Colchester tel | 01245 397499
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Area Insights | Colchester
Area Insights - Colchester Colchester emerges as a vibrant new City with a notable population density of 4.3 residents per hectare, surpassing the regional average. In 2021, the town accommodated a substantial population of 214,024 individuals, reflecting a commendable 19.3% increase over the ten-year period spanning 2011 to 2021, signalling robust growth. Demographically, Colchester exhibits distinctive features, with 13.1% of its population falling within the 35 to 44 age bracket, surpassing the regional average. Housing dynamics further illustrate a diverse landscape, with 28.7% of households consisting of single occupants and 37.1% accommodating families with
children, contributing to the varied residential makeup of the City. Economically, Colchester stands out with the public administration, education, and health sector dominating the employment landscape, constituting 32.5% of the working-age population. This underscores the Cities commitment to fostering sectors critical for community well-being. In summary, Colchester presents itself as a thriving and dynamic area to live, characterized by impressive population growth, demographic diversity, and a resilient economic landscape, making it an appealing destination within the regional context.
Colchester Residential Sales Overview •
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Over the last 12 months the average sales price in Colchester was £316,681. The total value of sales was £937,208,416. 19% of sales in the past 12 months were flats, achieving an average sales price of £177,885. Houses achieved an average price of £362,646.
The highest value recorded by the Land Registry over the past 12 months was £517,500 for a flat and £2,400,000 for a house.
We love that the newly established city has a strong cultural identity with numerous galleries theatres and arts venues as well as a bustling centre with excellent transport links to London. Colchester has a unique and rare combination for…coastline, culture and countryside! Alex Beresford Managing Director beresfords.co.uk
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Sales | Colchester
Average Sales Prices The chart below shows the average sales prices in Colchester for all properties from January 2018 (£257,681) to October 2023 (£315,748).
Change in prices compared to July 2022
Beresfords 2023 Statistics
15,171
384,652
New buyers registered
Unique visitors to our website
99% of asking price achieved
15,851 New tenants registered
beresfords.co.uk
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Lettings | Colchester
Colchester Residential Lettings Overview •
Over the last 12 months, the average rent achieved for homes let in Colchester was £974 per month. This is a +5% change on the previous 12 month period.
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54% of homes let in the past 12 months were flats, achieving an average rental value of £842 per month. Houses achieved an average rent of £1,161 per month. 22% of renters are aged between 25 and 29
Below shows the average rental figures achieved in Colchester by property type.
Below shows the average rental figures achieved in Colchester by property type.
Independent Mortgage & Protection Advisers
Let Flagstone do the work! At Flagstone we like to build relationships and love nothing more than helping returning clients with their ongoing mortgage and protection needs. To find out how Flagstone can help you, call to book your FREE appointment on:
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