Property Data OutlookCO5
14,425 recorded transactions · Part of Colchester
Compare with another area →Market outlook for CO5
Key indicators for buyers
The CO5 market presents a mixed picture for buyers. Prices are rising at 16.3%, which may favour acting sooner rather than later. 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 £485,773 with a 25% deposit (£121k), a 2-year fixed mortgage at 3.97% costs around £1,917 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CO5 avg. price with Colchester rental data
Monthly mortgage payments (£1,917) are £701 more than renting (£1,216). However, buying requires an upfront deposit of £121k — it would take around 23 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 |
|---|---|---|---|
2, FRANKLIN GATE, FEERING CO5 9ET | Detached | £875,000 | 23 Jan 2026 |
5, MEADOWVIEW, TIPTREE CO5 0JT | Detached | £660,000 | 21 Jan 2026 |
5, MILL WALK, TIPTREE CO5 0LF | Detached | £320,000 | 16 Jan 2026 |
105, FAIRHAVEN AVENUE, WEST MERSEA CO5 8BS | Detached | £527,500 | 16 Jan 2026 |
2, MEADOW WAY, ABBERTON CO5 7PH | Semi-detached | £280,000 | 14 Jan 2026 |
GLENALMOND, THE STREET, FEERING CO5 9QQ | Detached | £485,000 | 9 Jan 2026 |
5, LUTHER DRIVE, TIPTREE CO5 0SQ | 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.