Property Data OutlookCO4
30,164 recorded transactions · Part of Colchester
Compare with another area →Market outlook for CO4
Key indicators for buyers
The CO4 market is moderately favourable for buyers. Prices have softened (-7.1%), 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 £326,273 with a 25% deposit (£82k), a 2-year fixed mortgage at 3.97% costs around £1,288 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CO4 avg. price with Colchester rental data
Monthly mortgage payments (£1,288) are £72 more than renting (£1,216). However, buying requires an upfront deposit of £82k — it would take around 10 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 |
|---|---|---|---|
22, PAMPAS CLOSE CO4 9ST | Detached | £425,000 | 23 Jan 2026 |
77, NAYLAND ROAD, MILE END CO4 5EN | Semi-detached | £255,000 | 22 Jan 2026 |
28, EVERGREEN DRIVE CO4 0HU | Semi-detached | £360,000 | 21 Jan 2026 |
OAK BURY, IPSWICH ROAD, LANGHAM CO4 5NQ | Detached | £330,000 | 16 Jan 2026 |
1, FERDINAND WALK CO4 3TS | Terraced | £180,000 | 16 Jan 2026 |
72, HOLLYMEAD CLOSE CO4 5UU | Semi-detached | £275,000 | 15 Jan 2026 |
30, NAYLAND ROAD, MILE END CO4 5EQ | Semi-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.