Property Data OutlookCO1
14,141 recorded transactions · Part of Colchester
Compare with another area →Market outlook for CO1
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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
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.
Rent vs buy snapshot
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.
Recent sales
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.