Essex is a county in the south east of England. One of the home counties, it borders Suffolk and Cambridgeshire to the north, the North Sea to the east, Hertfordshire to the west, Kent across the estuary of the River Thames to the south and Greater London to the south and south-west. The county town is Chelmsford, the only city in the county. Essex is placed in the East of England region.
Essex is home to over £1.8 million people which makes it one of the largest local authorities in England.
The average property price in Essex county is £385k. The average price increased by £37.7k (11%) over the last twelve months. The price of an established property is £386k. The price of a newly built property is £350k. There were 25.9k property sales and sales increased by 5.4% (1.4k transactions). Most properties were sold in the £300k-£400k price range with 6928 (26.8%) properties sold, followed by £250k-£300k price range with 4180 (16.2%) properties sold.
Sold prices in Essex over the last year were 12% up on the previous year and 14% up on the 2018 peak of £357,537.
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Essex | Facts & Figures
Leading the UK's house price growth
Trains from Essex to London Fenchurch Street
Average property price in Essex
Essex has been ranked as the world’s 53rd largest economy
Local business contributing to the economy, equating to 4.9% growth
Essex Universities contribute more than £500m to the UK economy
Greater Essex is ranked the eighth largest economy in the UK
Prices from £189,000
A selection of 1, 2 & 3 Bed Apartments
Earn 5.5% NET for 2 years
Completion due Q3/Q4 2022
City Centre Location
Close to major mainline station
56 minutes to Central London
Experienced UK Developer
Additional Properties in Essex
Waterfront location this selection of properties provide a great place for investors to earn a fixed return of up to 6%.
Location: Southend-On-Sea, Essex
Type: 1, 2 and 3 bedroom apartments
Price Range: From £249,950
Completion: Completed & Tenanted
Predicted Yield: 6%
Freehold & Leasehold options
Fully managed with parking