Property sale values range from £382,232 for a freehold house, with 3 bedrooms split across 840 square feet of gross internal area and has a garden to £590,871 for a freehold house, with 5 bedrooms split across 1,909 square feet of gross internal area and has a garden.

Average £/ft² for properties in CO3 4LU is £388/ft².

Properties achieve a rental yield of between 4.3% and 4.7%, and rental values range from £1,504 to £2,169 per month.

Sale value change

12 months

1.1%

Rental value change

12 months

3.7%

Recent sales

within CO3 4LU

The last sale was 08 Aug 2023 for £603,000 and since then the market in the area has decreased by -0.9%. The postcode has had a total of 4 sales since 1995.

CO3 4LU has seen 4 sales in the last three years and no sales in the last twelve months.

17, Cherrywood Drive, Colchester, CO3 4LU

£603,000

Aug-2023

Sold

Aug-2023

20, Cherrywood Drive, Colchester, CO3 4LU

£335,000

Jul-2023

Sold

Jul-2023

25, Cherrywood Drive, Colchester, CO3 4LU

£455,000

Apr-2023

Sold

Apr-2023

10, Cherrywood Drive, Colchester, CO3 4LU

£335,000

Mar-2023

Sold

Mar-2023

Nearby postcodes

to CO3 4LU

CO3 4LU is the 638th largest and the 644th most expensive postcode out of the 837 postcodes in the CO3 area.

102 m

CO3 4LT, Weavers Close, Colchester, CO3

CO3 4LT

14 Addresses

107 m

CO3 9DJ, Straight Road, Colchester, CO3

CO3 9DJ

6 Addresses

118 m

CO3 9FP, Woodland Drive, Colchester, CO3

CO3 9FP

4 Addresses

124 m

CO3 4LP, Rudsdale Way, Colchester, CO3

CO3 4LP

37 Addresses

131 m

CO3 9DN, Straight Road, Colchester, CO3

CO3 9DN

12 Addresses

133 m

CO3 9FF, Woodland Drive, Colchester, CO3

CO3 9FF

6 Addresses

Nearby postcodes

to CO3 4LU

CO3 4LU is the 638th largest and the 644th most expensive postcode out of the 837 postcodes in the CO3 area.

102 m

CO3 4LT, Weavers Close, Colchester, CO3

CO3 4LT

14 Addresses

107 m

CO3 9DJ, Straight Road, Colchester, CO3

CO3 9DJ

6 Addresses

118 m

CO3 9FP, Woodland Drive, Colchester, CO3

CO3 9FP

4 Addresses

124 m

CO3 4LP, Rudsdale Way, Colchester, CO3

CO3 4LP

37 Addresses

131 m

CO3 9DN, Straight Road, Colchester, CO3

CO3 9DN

12 Addresses

133 m

CO3 9FF, Woodland Drive, Colchester, CO3

CO3 9FF

6 Addresses

Property types

in CO3 4LU

CO3 4LU is a residential postcode located on Cherrywood Drive, Colchester, CO3 with 16 houses and 9 unknown within its bounds.

The most common property type in CO3 4LU is a mid-century house built between 1936 and 1979.

modern house (1)

mid-century house (15)

Unknown (9)

Energy Efficiency

of properties within CO3 4LU

The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being C.

A (0)

E (3)

B (0)

F (0)

C (5)

G (0)

D (8)

No EPC (9)

Schools nearby

to CO3 4LU

The nearest primary school to CO3 4LU is St Teresa's Catholic Primary School, Colchester which is 400 metres away and is rated Outstanding by Ofsted.

400 m

St Teresa's Catholic Primary School, Colchester

Outstanding

500 m

Home Farm Primary School

Outstanding

800 m

Prettygate Infant School

Good

The nearest secondary school is Philip Morant School and College which is 1.1 kilometres away and is rated Good by Ofsted.

1.1 km

Philip Morant School and College

Good

1.2 km

The Stanway School

Good

1.3 km

Paxman Academy

Good

Source: Ofsted (2016)

Public transport nearby

to CO3 4LU

The closest station to CO3 4LU is Colchester Town station which is 3.3 kilometres away.

3.3 km

Colchester Town

3.3 km

Colchester

4.9 km

Hythe (Essex)

5.0 km

Marks Tey

Source: National Rail

Risk of flooding

for CO3 4LU

According to data from the Environment Agency, the flood risk in this area is considered to be very low.

Very low

High

Source: Environment Agency (2024)

Home ownership nearby

around CO3 4LU

The recent census recorded whether a resident owned or rented their home.

In the area around CO3 4LU, 44.3% of property is privately owned outright and 41.8% is privately owned with a mortgage.

The graph below shows how this compares to Greater London and the rest of England & Wales.

Source: ONS Census (2021)

Education levels in the area

around CO3 4LU

The recent census recorded the highest level of education achieved by residents in the local area.

In the area around CO3 4LU, 22.0% of residents are recorded as possessing school level qualifications and 35.3% as possessing degree level qualifications.

The graph below shows how this compares to Greater London and the rest of England & Wales

Source: ONS Census (2021)

Average age of residents

around CO3 4LU

Average age

The most recent census in 2021 recorded the age of all UK residents.

In the area around CO3 4LU, the average age was 45.6 and the most common age was 52.

This area:

East of England:

England & Wales:

Age distribution

The graph below shows how this compares to East of England and the rest of England & Wales

Source: ONS Census (2021)

Number of second homes

around CO3 4LU

The recent census recorded whether a property was a primary or secondary home for the resident.

In the area around CO3 4LU, 1.3% of property was a second home.

Comparison figures for East of England and the rest of England & Wales are listed below.

Source: ONS Census (2021)

Average cars per home

around CO3 4LU

The recent census recorded the number of cars registered in each household.

In the area around CO3 4LU, there are an average of 1.3 cars per household.

See below for how this compares to East of England and the rest of England & Wales.

Source: ONS Census (2021)

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Risk of flooding

for CO3 4LU

According to data from the Environment Agency, the flood risk in this area is considered to be very low.

Very low

High

Source: Environment Agency (2024)

Home ownership nearby

around CO3 4LU

The recent census recorded whether a resident owned or rented their home.

In the area around CO3 4LU, 44.3% of property is privately owned outright and 41.8% is privately owned with a mortgage.

The graph below shows how this compares to Greater London and the rest of England & Wales.

Source: ONS Census (2021)

Education levels in the area

around CO3 4LU

The recent census recorded the highest level of education achieved by residents in the local area.

In the area around CO3 4LU, 22.0% of residents are recorded as possessing school level qualifications and 35.3% as possessing degree level qualifications.

The graph below shows how this compares to Greater London and the rest of England & Wales

Source: ONS Census (2021)

Average age of residents

around CO3 4LU

Average age

The most recent census in 2021 recorded the age of all UK residents.

In the area around CO3 4LU, the average age was 45.6 and the most common age was 52.

This area:

East of England:

England & Wales:

Age distribution

The graph below shows how this compares to East of England and the rest of England & Wales

Source: ONS Census (2021)

Number of second homes

around CO3 4LU

The recent census recorded whether a property was a primary or secondary home for the resident.

In the area around CO3 4LU, 1.3% of property was a second home.

Comparison figures for East of England and the rest of England & Wales are listed below.

Source: ONS Census (2021)

Average cars per home

around CO3 4LU

The recent census recorded the number of cars registered in each household.

In the area around CO3 4LU, there are an average of 1.3 cars per household.

See below for how this compares to East of England and the rest of England & Wales.

Source: ONS Census (2021)