CO5 8NQ is a residential postcode situated on Stonehill Way, West Mersea, Colchester, CO5 with 5 addresses.
It ranks as the 220th largest and 567th most expensive of the 942 postcodes in the CO5 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 5 houses.
CO5 8NQ is a residential postcode situated on Stonehill Way, West Mersea, Colchester, CO5 with 5 addresses.
It ranks as the 220th largest and 567th most expensive of the 942 postcodes in the CO5 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 5 properties: 5 houses.
Sale prices range from £425,351 for 3 bedroom freehold houses with a garden (904 ft2) to £610,081 for 4 bedroom freehold houses with a garden (1,749 ft2) .
Monthly rental prices range from £1,446 pcm for 3 bed houses to £1,811 pcm for 4 bed houses.
The gross rental yield is between 3.6% and 4.1%.
The average value per square foot is £439.
The last sale in CO5 8NQ sold for £450,000 on 28th March 2024. Since then prices are up an average of 0.7%.
The current average value in the postcode is £482,340.
The CO5 8NQ Sales Market has increased by 31.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.2% | £482,340 |
| April 2025 | 0.9% | £483,479 |
| April 2024 | -4.2% | £479,153 |
| April 2023 | 4.3% | £500,158 |
| April 2022 | 10% | £479,739 |
| April 2021 | 6.3% | £436,304 |
| April 2020 | 0.8% | £410,515 |
| April 2019 | 1% | £407,305 |
| April 2018 | 0.9% | £403,260 |
| April 2017 | 9% | £399,552 |
| April 2016 | 9.7% | £366,640 |
| April 2015 | 8.8% | £334,186 |
| April 2014 | 6.7% | £307,157 |
| April 2013 | 3.9% | £287,883 |
| April 2012 | 0.9% | £277,204 |
| April 2011 | 0.7% | £274,803 |
| April 2010 | 6.4% | £272,916 |
| April 2009 | -12.1% | £256,482 |
| April 2008 | -1.1% | £291,670 |
| April 2007 | 0% | £294,918 |
The current average rental value in the postcode is £1,563.
The CO5 8NQ Rental Market has increased by 62.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.6% | £1,563pcm |
| April 2025 | 5.6% | £1,524pcm |
| April 2024 | 6.5% | £1,443pcm |
| April 2023 | 8.3% | £1,355pcm |
| April 2022 | 10.2% | £1,252pcm |
| April 2021 | 7.9% | £1,136pcm |
| April 2020 | 2.2% | £1,054pcm |
| April 2019 | 0.8% | £1,030pcm |
| April 2018 | 2% | £1,023pcm |
| April 2017 | 4% | £1,003pcm |
| April 2016 | 6.1% | £964pcm |
| April 2015 | 4.6% | £909pcm |
| April 2014 | 2.5% | £869pcm |
| April 2013 | 3.7% | £848pcm |
| April 2012 | 1.4% | £817pcm |
| April 2011 | 3.6% | £806pcm |
| April 2010 | 4.7% | £778pcm |
| April 2009 | -7.4% | £743pcm |
| April 2008 | 3.7% | £803pcm |
| April 2007 | 0% | £774pcm |
The last sale was on 28th March 2024 for £450,000 and since then the market in the area has increased by 0.7%. The postcode has had a total of 9 sales since 1995.
CO5 8NQ has seen 1 sale in the last three years and no sales in the last twelve months.
CO5 8NQ is the 220th largest and the 567th most expensive postcode out of the 942 postcodes in the CO5 area.
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The closest station to CO5 8NQ is Wivenhoe station which is 9.2 kilometres away.
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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 CO5 8NQ, 72.2% of property is privately owned outright and 22.6% is privately owned with a mortgage.
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 CO5 8NQ, 9.1% of residents are recorded as possessing school level qualifications and 34.9% 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 CO5 8NQ, the average age was 51.3 and the most common age was 72.
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 CO5 8NQ, 0.8% 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 CO5 8NQ, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.