Key indicators for buyers
The CO3 market is moderately favourable for buyers. Prices have softened (-8.5%), 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 £352,769 with a 25% deposit (£88k), a 2-year fixed mortgage at 3.97% costs around £1,392 per month.
Monthly cost comparison based on current data
Uses CO3 avg. price with Colchester rental data
Monthly mortgage payments (£1,392) are £176 more than renting (£1,216). However, buying requires an upfront deposit of £88k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
JASMINE, DYERS ROAD, STANWAY CO3 0LH | Detached | £430,000 | 26 Jan 2026 |
5, MARTIN HUNT DRIVE, STANWAY CO3 8BL | Flat/Maisonette | £218,000 | 23 Jan 2026 |
34, FINCH ROAD, STANWAY CO3 8DF | Semi-detached | £326,000 | 23 Jan 2026 |
4, PLOVER ROAD, STANWAY CO3 8AF | Detached | £375,000 | 23 Jan 2026 |
16, HENLEY COURT CO3 4HD | Semi-detached | £380,000 | 19 Jan 2026 |
1, THE CHANTRY CO3 3QR | Detached | £525,000 | 16 Jan 2026 |
36, RADVALD CHASE, STANWAY CO3 0RF | Detached |
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 CO3 sold for £352,769 in 2026, with a median of £340,000 across 13 transactions. Prices fell 8.5% compared to the previous year.
| £540,000 |
| 15 Jan 2026 |
7, MAYFLOWER COURT, COLLINGWOOD ROAD CO3 9EX | Flat/Maisonette | £182,000 | 14 Jan 2026 |
37, ERRINGTON ROAD CO3 3EB | Semi-detached | £415,000 | 13 Jan 2026 |
74, WICKHAM ROAD CO3 3EE | Terraced | £265,000 | 12 Jan 2026 |
22, HEN WAY, FORDHAM HEATH CO3 9GA | Terraced | £300,000 | 8 Jan 2026 |
18, HEN WAY, FORDHAM HEATH CO3 9GA | Terraced | £290,000 | 6 Jan 2026 |
12, THE BRAMBLES CO3 9EZ | Detached | £340,000 | 5 Jan 2026 |
43, MARLOWE WAY CO3 4JP | Detached | £464,000 | 19 Dec 2025 |
10, BAWTREE WAY CO3 4EP | Detached | £342,500 | 19 Dec 2025 |
48, CHRISTOPHER GARNETT CHASE, STANWAY CO3 8BP | Terraced | £275,000 | 19 Dec 2025 |
199, SHRUB END ROAD CO3 4RH | Detached | £900,000 | 19 Dec 2025 |
26, DAMASK ROAD, STANWAY CO3 0HG | Semi-detached | £300,000 | 19 Dec 2025 |
2, NURSERY CLOSE, STANWAY CO3 0RL | Detached | £534,000 | 19 Dec 2025 |
43, SANDMARTIN CRESCENT, STANWAY CO3 8WZ | Terraced | £300,000 | 19 Dec 2025 |
The most recent recorded sale in CO3 was a detached property on Dyers Road for £430,000 in January 2026. Across the last 20 sales, the median price was £342,500.