Property Data OutlookCO3
20,152 recorded transactions · Part of Colchester
Compare with another area →Market outlook for CO3
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.
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 £352,769 with a 25% deposit (£88k), a 2-year fixed mortgage at 3.97% costs around £1,392 per month.
Rent vs buy snapshot
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.
Recent sales
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.