Key indicators for buyers
The CO1 market is moderately favourable for buyers. Prices have softened (-15.9%), which could present a buying opportunity. Affordability has improved from a peak of 10.6x in 2021 to 8.4x today. Rising rents (£1,216/mo, +6.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Colchester area
A home in Colchester costs 8.4x the local median salary — stretched, improving from a peak of 10.6x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Colchester area
Average monthly rent in Colchester is £1,216, up 6.3% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Colchester price of £271,625 with a 25% deposit (£68k), a 2-year fixed mortgage at 3.97% costs around £1,072 per month.
Monthly cost comparison based on current data
Uses CO1 avg. price with Colchester rental data
Monthly mortgage payments (£1,072) are £144 less than renting (£1,216). However, buying requires an upfront deposit of £68k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
56, CASTLE ROAD CO1 1UN | Terraced | £340,000 | 21 Jan 2026 |
22, BROOK STREET CO1 2UT | Terraced | £160,000 | 14 Jan 2026 |
14, VICTOR ROAD CO1 2LU | Terraced | £210,000 | 14 Jan 2026 |
6, ROSEBERY AVENUE CO1 2UJ | Semi-detached | £425,000 | 12 Jan 2026 |
25, GROSVENOR PLACE CO1 2ZD | Flat/Maisonette | £150,000 | 9 Jan 2026 |
23, LENZ CLOSE CO1 2FP | Terraced | £305,000 | 6 Jan 2026 |
23, WORCESTER ROAD CO1 2RH | Semi-detached | £333,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in CO1 sold for £271,625 in 2026, with a median of £277,500 across 8 transactions. Prices fell 15.9% compared to the previous year.
| 6 Jan 2026 |
93, PORT LANE CO1 2FT | Terraced | £250,000 | 5 Jan 2026 |
17, RIVER BANK WALK CO1 1QJ | Terraced | £262,000 | 22 Dec 2025 |
46, WEST STOCKWELL STREET CO1 1HB | Semi-detached | £200,000 | 22 Dec 2025 |
59, ROUSE WAY CO1 2TT | Detached | £565,000 | 19 Dec 2025 |
110, NORTH STATION ROAD CO1 1UZ | Semi-detached | £432,000 | 19 Dec 2025 |
69, OLD HEATH ROAD CO1 2EX | Semi-detached | £340,000 | 19 Dec 2025 |
20, MERCERS WAY CO1 1RY | Semi-detached | £325,000 | 19 Dec 2025 |
354, COWDRAY AVENUE CO1 1YA | Detached | £295,000 | 19 Dec 2025 |
74, GEORGE WILLIAMS WAY CO1 2JZ | Flat/Maisonette | £174,000 | 17 Dec 2025 |
9, BROOKDALE COURT, MAGDALEN STREET CO1 2SE | Flat/Maisonette | £135,000 | 15 Dec 2025 |
18, GLADSTONE ROAD CO1 2EB | Terraced | £430,000 | 15 Dec 2025 |
FLAT 22, VICTORIA HOUSE, ELD LANE CO1 1PE | Flat/Maisonette | £150,000 | 12 Dec 2025 |
63, HARSNETT ROAD CO1 2HT | Terraced | £292,500 | 12 Dec 2025 |
The most recent recorded sale in CO1 was a terraced property on Castle Road for £340,000 in January 2026. Across the last 20 sales, the median price was £295,000.