Whether you are a first time buyer or looking to move up the property ladder, the housing market can be a turbulent place. 

House price growth slowed this month to 2.1%, from 2.9% in July according to Nationwide, Britain's biggest building society. Property values also fell for the first time since May. Average house prices across the UK are now £210,495.

What about north Essex? Well it differs in all postcodes, but here is the breakdown:

Gazette:

Current average house values according to (Zoopla Zed-Index) 

So how much money would you need to earn per hour to buy a house in north Essex? 

Want to buy a house in Colchester, Layer-De-La-Haye, Blackheath CO2 postcode, according to a recent study by web-blinds.co.uk, you would need to earn £15.54 per hour. Or £582.75 per week and £30,303.00 per annum, probably a sum out of reach for most first time buyers. 

If that is the case then might be best to stay clear of the Coggeshall, West Bergholt, Earls Colne CO6 postcode as you would need £25.48 per hour, £955.50 per week and £49,686.00 per annum.

Gazette:

The cheapest in north Essex is the Clacton postcode where you would only need to earn £12.86 per hour, £482.25 per week or £25,077.00.

Here is the full breakdown by postcode:

CO1 - Colchester, hourly wage £14.16, weekly wage £531.00, yearly salary £27,612.00

CO2 - Colchester, Layer-De-La-Haye, Blackheath, hourly wage £15.54, weekly wage £582.75, yearly salary £30,303.00

CO3 - Colchester, Stanway, Fordham Heath, hourly wage £20.99, weekly wage £787.13, yearly salary £40,930.50

CO4 - Colchester, Highwoods, Boxted, hourly wage £18.06, weekly wage £677.25, yearly salary £35,217.00

CO5 - Tiptree, West Mersa, Kelvedon, hourly wage £23.00, weekly wage £862.50, yearly salary £44,850.00

CO6 - Coggeshall, West Bergholt, Earls Colne, hourly wage £25.48, weekly wage £955.50, yearly salary £49,686.00

CO7 - Wivenhoe, Great Bentley, hourly wage £21.39, weekly wage £802.13, yearly salary, £41,710.50

CO9 - Halstead, hourly wage £20.32, weekly wage £762.00, yearly salary £39,624.00

CO10 - Sudbury, hourly wage £19.90, weekly wage £746.25, yearly salary £38,805.00

CO11 - Manningtree, hourly wage £20.07, weekly wage £752.63, yearly salary £39,136.50

CO12 - Harwich, hourly wage £12.71, weekly wage £476.63, yearly salary £24,784.50

CO13 - Frinton, hourly wage £20.78, weekly wage £779.25, yearly salary £40,521.00

CO14 - Walton, hourly wage £15.31, weekly wage £574.13, yearly salary £29,854.50

CO15 - Clacton, hourly wage £12.86, weekly wage £482.25, yearly salary £25,077.00

CO16 - Clacton, hourly wage £15.48, weekly wage £580.50, yearly salary £30,186.00