CO2 7LP is a residential postcode situated on Bourne Road, Colchester, CO2 with 51 addresses.
It ranks as the 872nd largest and 328th most expensive of the 914 postcodes in the CO2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 51 properties: 49 houses and 2 flats.
CO2 7LP is a residential postcode situated on Bourne Road, Colchester, CO2 with 51 addresses.
It ranks as the 872nd largest and 328th most expensive of the 914 postcodes in the CO2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 51 properties: 49 houses and 2 flats.
Sale prices range from £155,177 for 2 bedroom Leasehold flats (689 ft2) to £437,332 for 4 bedroom freehold houses with a garden (1,280 ft2) .
Monthly rental prices range from £1,023 pcm for 2 bed flats to £2,041 pcm for 4 bed houses.
The gross rental yield is between 5.1% and 7.9%.
The average value per square foot is £308.
The last sale in CO2 7LP sold for £250,000 on 16th February 2026. Since then prices are down an average of 0.4%.
The current average value in the postcode is £258,931.
The CO2 7LP Sales Market has increased by 27.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.4% | £258,931 |
| April 2025 | 1.5% | £259,977 |
| April 2024 | -2.7% | £256,093 |
| April 2023 | 4.2% | £263,083 |
| April 2022 | 9.1% | £252,532 |
| April 2021 | 3.5% | £231,465 |
| April 2020 | -0.9% | £223,595 |
| April 2019 | -1.4% | £225,564 |
| April 2018 | 2.6% | £228,882 |
| April 2017 | 9.6% | £223,000 |
| April 2016 | 12.2% | £203,430 |
| April 2015 | 6.5% | £181,388 |
| April 2014 | 7.6% | £170,343 |
| April 2013 | 0.9% | £158,317 |
| April 2012 | 1.2% | £156,862 |
| April 2011 | -1.2% | £155,031 |
| April 2010 | 7.6% | £156,849 |
| April 2009 | -15.4% | £145,788 |
| April 2008 | -3.7% | £172,338 |
| April 2007 | 0% | £178,904 |
The current average rental value in the postcode is £1,417.
The CO2 7LP Rental Market has increased by 59.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.2% | £1,417pcm |
| April 2025 | 4.8% | £1,386pcm |
| April 2024 | 6.2% | £1,322pcm |
| April 2023 | 7.7% | £1,245pcm |
| April 2022 | 12.1% | £1,156pcm |
| April 2021 | 7.6% | £1,031pcm |
| April 2020 | 1.3% | £958pcm |
| April 2019 | -0.3% | £946pcm |
| April 2018 | 1.9% | £949pcm |
| April 2017 | 4.6% | £931pcm |
| April 2016 | 5% | £890pcm |
| April 2015 | 3.5% | £848pcm |
| April 2014 | 2.1% | £819pcm |
| April 2013 | 1.3% | £802pcm |
| April 2012 | 1.9% | £792pcm |
| April 2011 | 3.1% | £778pcm |
| April 2010 | 3.2% | £754pcm |
| April 2009 | -7.8% | £731pcm |
| April 2008 | 1% | £793pcm |
| April 2007 | 0% | £785pcm |
The last sale was on 16th February 2026 for £250,000 and since then the market in the area has decreased by 0.4%. The postcode has had a total of 112 sales since 1995.
CO2 7LP has seen 6 sales in the last three years and 3 sales in the last twelve months.
CO2 7LP is the 872nd largest and the 328th most expensive postcode out of the 914 postcodes in the CO2 area.
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The closest station to CO2 7LP is Colchester Town station which is 1.1 kilometres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around CO2 7LP, 45.9% of property is privately owned with a mortgage and 28.3% is privately owned outright.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CO2 7LP, 19.0% of residents are recorded as possessing school level qualifications and 31.1% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around CO2 7LP, the average age was 33.3 and the most common age was 22.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CO2 7LP, 0.3% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CO2 7LP, 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.