Colchester in Essex is one of Britain's fastest growing towns. If you are thinking about investing here, starting your family or beginning further education, here are some of the reasons why Colchester might be the place for you.
House Prices 🏠
- Most expensive property: £1,350,000
- Average house price in Colchester: £236,777
- Cheapest property: £60,000 (leasehold flat).
Property Investment 🏠 🏠
- Colchester has a very wide range of property across the whole board in terms of price. There are prestige homes costing more than £1 million, but the favourite type of place to buy in the past year was a flat – at an average price of £147,097
- The thriving student population means there could be opportunities for investing in student lets
- Residential property prices in the region are forecast to increase by 19% by 2021.
- Colchester is Britain’s oldest known town – called Camulodonum, it was the first capital of England
- Its population is 183,900, the great majority of whom are of working age (16-64)
- Between 2015 and 2021, Colchester is the focus of £3 billion investment in economic regeneration through growth areas, housing development and new jobs
Location and Transport 🚌
- Colchester is a popular town with commuters, since NE London is only 50 or so miles away, Stanstead Airport is less than 30 miles away and passenger ferries sail from the port of Harwich less than 20 miles away
- Its railway network is connected to the Eastern Main Line, serving London and the whole of the east of England and the Midlands
- The A12 links Colchester with London.
- The University of Essex lies just to the east of Colchester, attracting a current student enrolment of 13,628 students – about 40% of whom have travelled from abroad
- Other places of further education are Colchester Sixth Form College and Colchester Institute
- Colchester maintains a selective secondary education system in its Grammar School and High School – with the remainder styled as comprehensive schools.
- Colchester is in one of the driest regions of the UK
- Victorian Castle Park, near the High Street, is a classic of its kind
- Beth Chatto Gardens are sure to enthuse any visiting gardeners
- High Woods Country Park, on the edge of the town, offers acres of open space in which to roam.
Finally, did you know …
- What used to be a pub called The Swan has bricks bearing the initials of a wide range of individuals, but includes that of one William Corder, who in 1828 was hung for killing his lover
- The nursery rhyme Twinkle, Twinkle Little Star was written in the attic of a house on Stockwell Street
- Three out of four members of the music band Blur have links with