THE roads which demand the most eye-watering prices for homebuyers in and around Colchester have been revealed in new figures.

Analysis of house price data between January and December 2021 showed which of the town’s roads rank top of the property market, after research from estate agency Nested.

The house with the highest combined value was Maldon Road on which, between January and December, the combined value of all house sales came to £9.7 million.

The roads with the next highest total sales value were the prestigious Lexden Road at £8.9 million and busy commuter route Ipswich Road, at £8.6 million.

In the same year, the Colchester road with the highest average house price was Woodhouse Lane, Horkesley Heath at £2.2 million.

This dwarfed the town’s overall average house price of about £300,000 which itself has experienced yearly growth of around ten per cent.

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The second and third highest average house prices are found on West Lodge Road in Lexden - £1.75 million - and Hardys Green, Birch, at £1.4 million.

Andy Thripp, area partner for Nested, Colchester, said: “The demand for homes in the suburban and prime Colchester roads is primarily due to the movement of people flocking from London who are seeking a better quality of life and value for their money.

“Colchester is a popular town for the commuter with stations serving direct links into Liverpool Street and there is a choice of outstanding schools which include Colchester County High School for Girls, Colchester Royal Grammar, Oxford House, St Marys and Colchester Sixth Form College.

“These all increase the town’s appeal amongst a certain demographic of homebuyer.

“The shortage of homes and a surge in buyer registrations over the past 12 months has been the catalyst for some very expensive property sales and this has boosted the overall average across many pockets of the market.”