A historic market town in Essex, Colchester is a great place to live. There are a lot of different types of properties in this part of the UK. Continue reading to discover everything you need to know about it, including how to secure a mortgage.
Average property prices in Colchester, Essex
In Colchester, the average price of a property is currently £284,000. New builds tend to cost an average of £325,000 in this part of the country, whereas established properties cost an average of £278,000.
Research shows that house prices are steadily increasing in the area, and so you can be sure that this is a part of Essex that has great investment potential, which is always something vital to consider when looking for a property to invest in.
Green spaces in Colchester
The quantity countryside and green landscapes in Colchester are bound to be a welcome sight for anyone living in this part of the country. Colchester has an incredible landscape heritage. The environment of this part of Essex is exemplified by the variety, quantity, and quality of its open spaces and parks. There are lots of amazing scenic walks and tranquil areas.
Property scene in Colchester
There is a broad selection of properties in Colchester, meaning that there is something for everyone. This includes Edwardian, Victorian, Georgian, and medieval properties, as well as modern homes and new builds.
Lexden, which is located to the west of the town centre, is considered one of the best places to live in Colchester. It is an excellent area with a mixture of Victorian, Georgian, Regency, and modern properties. This is one of the micro-markets of Colchester, with properties always selling well here due to the close proximity to both girls’ and boys’ grammar schools in the area.
Another micro-market that is popular in Colchester is Stanway, which is on the town’s western edge. This location is especially popular with families and parents who want their child to go to Stanway Comprehensive School.
There are also popular streets of semi-detached Victorian houses close by Lexden on the east of Maldon Road, which is the popular catchment area for Hamilton Primary School. The properties around here tend to sell for around £250,000.
Council and Council Tax in Colchester
The council for this part of the country is the Colchester Borough Council. You can view the current council tax rates for the different bands in Colchester. These rates are per annum:
- Council Band A – £1192.80
- Council Band B – £1391.60
- Council Band C – £1590.40
- Council Band D – £1789.20
- Council Band E – £2186.80
- Council Band F – £2584.40
- Council Band G – £2982.00
- Council Band H – £3578.40
Travel in Colchester
Colchester is in a convenient location. If you need to commute to London, you will be able to make it to Liverpool Street station within 50 minutes. The mainline station here is Colchester. There is also Colchester Town train station as well.
Colchester is also on the A12 to London, so it is definitely deemed a convenient place to live.
Is Colchester a good place for families?
Colchester is deemed a good place for families. Once people purchase properties here, they do tend to stay in the area, which means that it has a lot of staying power.
There are a lot of great schools in Colchester as well, including Birch Primary School, Baynards Primary School, and Alresford Primary School. Other schools include Great Tey Primary School, Hamilton Primary School, Feering Church of England Primary School, and many, many more.
Getting a mortgage in Colchester
Are you interested in getting a mortgage in Colchester? If so, we can provide you with the expert advice you are looking for.
It can be difficult to know where to begin when it comes to getting a mortgage, especially if you are self-employed or a limited company director. However, with our expertise and experience, we can ensure you have the best chance of securing a mortgage that is right for you.
YesCanDo Money offers free advice online and over the phone. Receive excellent mortgage support from our fee-free service that helps you with getting the best mortgage deal.
We are an FCA approved FREE mortgage broker Colchester, Essex and the whole UK. We have a team of CeMAP qualified independent mortgage advisers and protection advisers. We offer advice into the finance market and a range of mortgages as well as protection/life insurance.