Property hotspot of the week

January 13, 2024
1 min read

Why you should move to Colchester
The county of Essex is fast becoming a property hotspot for the up and coming middle class Black family in Britain.
It is close to London without the hustle and bustle of London life and the seaside is not far away for picnic and daytrips for your loved ones.
Enter Colchester, it has a decent football team and the Black community is growing day by day.
Britain’s oldest also recorded town attracts tourists from miles around with and it is home to the University of Essex, which also has a significant black student population.
But Colchester is also a great place to live.
Set close to the banks of the River Colne, the Essex town is surrounded by beautiful countryside and parks.
Houses like this one are being bought by many Black families and singletons looking to move out of London but not too far away from it (pic:East Anglian Homes)
The town boasts pretty narrow streets, ancient architecture and a bustling mix of weekly markets, shops, cafes and Black churches.
Colchester is famed for its seafood, with an annual oyster festival and wide selection of restaurants offering international cuisine.
The quality of property in Colchester ranges greatly from huge houses and villas in the west, to a large quantity of council housing in the east, which is perhaps why house prices are lower than in the neighbouring Essex towns.
Although major regeneration projects are well underway, bringing 6,000 new homes and 350,000 sq ft of retail space to the region – expected to boost the population from 156,000 to 173,000 by 2010.
Colchester already has a lot to offer in the way of leisure and entertainment, with a sports centre, spa, theatres and museums, all located just a 50-minute train journey to London.
Agents are warning homebuyers to get in quick before the regeneration plans push up house prices from the current average of around £189,381.
What your money will buy
One-bedroom flat – approx £102,185
Two-bedroom semi-detached  – approx £ 153,128
Four-bedroom detached – approx £ 276,399
With thanks to Interactive Investor where part of this piece first appeared
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