CO1 2LE is a residential postcode situated on Magdalen Street, Colchester, CO1 with 3 addresses.
It ranks as the 42nd largest and 127th most expensive of the 467 postcodes in the CO1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 3 properties: 2 houses and 1 flat.
CO1 2LE is a residential postcode situated on Magdalen Street, Colchester, CO1 with 3 addresses.
It ranks as the 42nd largest and 127th most expensive of the 467 postcodes in the CO1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 3 properties: 2 houses and 1 flat.
Sale prices range from £155,154 for 2 bedroom Leasehold flats (691 ft2) to £231,925 for 3 bedroom freehold houses with a garden (818 ft2) .
Monthly rental prices range from £926 pcm for 2 bed flats to £1,272 pcm for 3 bed houses.
The gross rental yield is between 6.6% and 7.6%.
The average value per square foot is £284.
The last sale in CO1 2LE sold for £244,000 on 19th August 2022. Since then prices are down an average of 3.3%.
The current average value in the postcode is £184,819.
The CO1 2LE Sales Market has increased by 23.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.3% | £184,819 |
| April 2025 | -0.2% | £185,293 |
| April 2024 | -2.3% | £185,670 |
| April 2023 | 1% | £190,007 |
| April 2022 | 10.1% | £188,139 |
| April 2021 | 4.5% | £170,865 |
| April 2020 | -0.7% | £163,494 |
| April 2019 | -1.7% | £164,637 |
| April 2018 | 0.4% | £167,483 |
| April 2017 | 11.7% | £166,890 |
| April 2016 | 10.3% | £149,402 |
| April 2015 | 7% | £135,433 |
| April 2014 | 7.4% | £126,611 |
| April 2013 | 0.9% | £117,859 |
| April 2012 | -0.1% | £116,819 |
| April 2011 | 0.9% | £116,893 |
| April 2010 | 5.4% | £115,807 |
| April 2009 | -14.2% | £109,870 |
| April 2008 | -4.6% | £128,077 |
| April 2007 | 0% | £134,316 |
The current average rental value in the postcode is £1,062.
The CO1 2LE Rental Market has increased by 60.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £1,062pcm |
| April 2025 | 4.9% | £1,038pcm |
| April 2024 | 6.2% | £990pcm |
| April 2023 | 7.7% | £932pcm |
| April 2022 | 12.6% | £866pcm |
| April 2021 | 7.6% | £769pcm |
| April 2020 | 1.4% | £715pcm |
| April 2019 | -0.3% | £705pcm |
| April 2018 | 2% | £707pcm |
| April 2017 | 4.7% | £693pcm |
| April 2016 | 5% | £662pcm |
| April 2015 | 3.9% | £630pcm |
| April 2014 | 2.3% | £607pcm |
| April 2013 | 1.3% | £593pcm |
| April 2012 | 1.7% | £585pcm |
| April 2011 | 3.1% | £575pcm |
| April 2010 | 3.2% | £558pcm |
| April 2009 | -8% | £541pcm |
| April 2008 | 1.4% | £588pcm |
| April 2007 | 0% | £580pcm |
The last sale was on 19th August 2022 for £244,000 and since then the market in the area has decreased by 3.3%. The postcode has had a total of 9 sales since 1995.
CO1 2LE has seen no sales in the last three years and no sales in the last twelve months.
CO1 2LE is the 42nd largest and the 127th most expensive postcode out of the 467 postcodes in the CO1 area.
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The closest station to CO1 2LE is Colchester Town station which is 500 metres away.
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