CO2 (Colchester) area guide

CO2
Colchester
The CO2 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Berechurch, Birch, Birch and Winstree, Blackheath, Castle, Christ Church, Colchester, East Donyland, Essex, Harbour, Kingsford, Layer Breton, Layer De La Haye, Layer-De-La-Haye, New Town, Shrub End, St Andrew's, St Anne's, Stanway.
N/A
N/A


Notes:

A Mouseprice property guide for CO2 Colchester is coming soon. In the meantime, please have a look at the raw data and statistics about CO2 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Colchester propertyThe size of the property market in CO2 is 12604 homes.

Colchester propertyProperty in this postcode district (CO2) has been growing at a nominal annual rate of 12.4% over the last 5 years. This rate can be indicative ofa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Colchester propertyOver the last 3 months, the average property value for this postcode district has been £157656.

Colchester propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 7.4.

Colchester propertyNew transactions as a percentage of overall sales are 9.6%.

Housing stock:

Colchester propertyIf you are specifically looking to buy Semi- Detached Houses, this would be an excellent area for you to explore, with 32.1% of properties being this type.

Colchester propertyFor those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 18.5% are this type. alt="Colchester property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 21.1%.

Colchester propertyThe majority of property in this area is owner occupied.

Colchester propertyThe average price of a two bed property in this area is less that the national average of £187894 at £169586.

Who lives here:

Colchester propertyThere are 16148 men and 15342 women in this postcode district.
Colchester propertyThe average age in this area is 32.
Colchester propertySingle people make up 31.1% of the population in this postcode district.
Colchester propertyAverage working hours in this area for men are 43 and for women are 31.
Colchester propertyThis area has 6.2 people per square kilometre.
Colchester propertyThe largest source of work in this area is Health & Social Work (18.6% of workers), followed by Wholesale & Retail (16.8%).