Market outlook for CB20
Key indicators for buyers
The CB20 market presents a mixed picture for buyers. Prices are rising at 283.7%, which may favour acting sooner rather than later. Affordability has improved from a peak of 11.3x in 2021 to 8.8x today. Rising rents (£1,509/mo, +7.1%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
The average property in CB20 sold for £8,441,500 in 2018, with a median of £8,441,500 across 2 transactions. Prices rose 283.7% compared to the previous year.
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Harlow area
A home in Harlow costs 8.8x the local median salary — stretched, improving from a peak of 11.3x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Harlow area
Average monthly rent in Harlow is £1,509, up 7.1% 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 Harlow price of £8,441,500 with a 25% deposit (£2.1M), a 2-year fixed mortgage at 3.97% costs around £33,313 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CB20 avg. price with Harlow rental data
Monthly mortgage payments (£33,313) are £31,804 more than renting (£1,509). However, buying requires an upfront deposit of £2.1M — it would take around 175865 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 |
|---|---|---|---|
ASTRA HOUSE, WEST ROAD CB20 2FH | Other | £9,000,000 | 28 Sept 2018 |
ASTRA HOUSE, WEST ROAD CB20 2FH | Other | £7,883,000 | 1 Mar 2018 |
ASTRA HOUSE, WEST ROAD CB20 2FH | Other | £2,200,000 | 18 Nov 2016 |
The most recent recorded sale in CB20 was a other property on West Road for £9,000,000 in September 2018. Across the last 3 sales, the median price was £7,883,000.
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.