Area Guide For Essex

Essex is an English county neighbouring others like Suffolk and Kent, and offers a traditional British experience to residents. There are several beautiful landscapes in the county, coupled with small towns and villages which make for a magical experience if you’re into traveling. Parks and gardens are the highlight of this county and there are a couple of nature reserves as well. The county’s location also gives it a huge coastline, which means you get to see seaside towns and beaches, all of which make for amazing surroundings. The county also has a lot of landmarks and rich cultural heritage which is evident from the events.


Essex Map

Estimated Price: £300,615
Average Asking Price: £373,002
Price change in last one year: £24,018
Average Price Paid: £243,141
Average Rent Rates: £1,427


Property Prices Breakdown in Essex

Average Price for property in Essex is around £300,615 which varies based on type of property you are interested in and ranges from £451,386 for detached house to around £295,394 for semi-detached. Similarly terraced house is around £250,171 and a flat is worth £178,586. Values have been changing and have risen £1,075 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,909 in last 6 months, £24,018 in last 1 year, £38,516 in last 2 years, £41,677 in last 3 years, £42,441 in last 4 years and £40,870 in last 5 years.

Currently average asking price of a property in Essex is around £373,002 based on approximately 33,587 properties for sale. Same is the case with rental options based on 3,919 properties up for rent, average asking rent is around £1,427 per month.

Estimated property value in Essex is £300,615. Average asking price is £373,002 while average price paid is £259,650 which is up by £24,018 and Avg. asking rent £1,427.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Essex area. In last 1 year alone average price buyer paid is around £259,650 based on approximately 33,587 sales in Essex area alone. If you compare it to last 3 years sales of 95,657 properties where buyers paid around £247,394. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £243,141 for 152,513 and average amount paid for purchase of approx. 204,266 properties sold in last 7 years comes to about £238,743 per sale.


Properties For Sale in Essex


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £131,478, £212,858 for a 2 bedroom house, £310,038 for a 3 bedroom house, £488,645 for a 4 bedroom house and £714,440 for a 5 bedroom house. For a flat similarly the prices varies from £132,765 for a single bedroom to £199,606 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £335,513, £350,330 for a 4 bedroom flat and £242,500 for a 5 bedroom flat. To sum up the asking prices for properties in Essex it comes to around average £132,490 for 1 bedroom property, £206,200 for 2 bedroom, £311,401 for 3 bedroom, £487,753 for 4 bedroom and £713,902 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £653 for 1 bedroom to £961 for 2 bedrooms, £1,235 for 3 bedrooms, £1,651 for 4 bedrooms and £2,394 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £776. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,038, £1,247 for 3 bedroom and £1,447 for 4 bedroom. You should be generally be expecting around average £744 rent per month for single bedroom property, £1,014 for 2 bedroom, £1,237 for 3 bedroom, £1,643 for 4 bedroom and approximately £2,394 for a 5 bedroom property in Essex area.

Popular Houses in Essex

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Essex

Areas in and around Essex