Essex is a fast-developing and sought-after county. From popular cities, to quaint and picturesque villages, Essex really does offer something for everyone. With beautiful countryside, yet a fast commute to London, it’s no wonder that house prices in Essex continue to rise.
According to the latest statistics on Rightmove, properties in Essex had an overall average price of £400,407 over the last year. This number has increased by 11% in the last 3 years.
Prices of different property types
The majority of sales in Essex during the last year were terraced properties, selling for an average price of £361,278. Semi-detached properties sold for an average of £413,233, with detached properties fetching £595,625.
Prices also vary depending on the age of the property. The average cost of a new-build home in Essex is around £417,000, whereas an established house tends to be closer to £376,000.
Top Five Most Expensive Areas in Essex Based on the Average House Price (2021)
Five Cheaper Locations Based on the Average House Price (2021)
The small town of Halstead is becoming more desirable, named as one of the nicest towns to live in the county according to property experts. Near open water, national parks and areas of outstanding beauty, Halstead is a great place for those wanting a peaceful way of life.
A good alternative to the expensive Essex cities, Colchester has many amenities to offer, from Tollgate shopping centre and Colchester Zoo, to the historical Colchester Castle. With many good schools and travel options, Colchester is a fantastic place to live.
Located right in the middle of the popular cities of Colchester and Chelmsford, Braintree offers a good balance between rural and urban. A very desirable aspect of Braintree is the shopping complex, Braintree Village, with many food and entertainment options for the whole family.
- Frinton-on-Sea - £334,291
Looking for an idyllic seaside location? Named the best seaside town in Essex, Frinton-on-Sea in the Tendring district of Essex is a picturesque area that is surprisingly good value for money.
Finally, the cathedral city of Chelmsford is not to be overlooked. Just a 35 minute train ride from Central London with quick access to the A12, Chelmsford is an ideal location for those who travel often. With many attractions, stores, restaurants and more, you will always find entertainment in Chelmsford!
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