COLCHESTER has been named in a top ten list of least expensive places to live if you want to commute to London.

The town ranked in tenth on the list produced by property advisory company CBRE.

The study put together an interactive map looking at how where you live helps or hinders how much you pay to work in London.

It looked at average property price, annual season ticket cost, travel time and rent costs.

Colchester was found to have average house prices of £242,752.

A standard season ticket would set you back £5,412 and you spend around 52 minutes travelling to London.

Others towns names in the least expensive list included Peterborough and Purfleet.

The study by CBRE found a ten minute increase in travel time reduces the average house price by £21,000.

And commuters who live in Witham shave seven minutes off their journey times to the capital and save £716 on a season ticket but on average pay £16,148 more for a home.

The latest data comes 12 months after Colchester was ranked as the best value commuter hotspot for London by Zoopla. The new study also put together a list of the ten good value for money locations which saw the Essex towns of Benfleet, Wickford and Grays make the cut.

Jennet Siebrits, UK head of residential research at CBRE, said: “We looked at nearly 150 commuter towns and villages.

“The average house price across these locations is £393,570, which is 19 per cent lower than the London average of £488,003. “There are many factors influencing this range in prices; including access to nature, local amenities, and the quality of schools. For commuters there is a significant trade-off between property price, travel time and travel cost.

“We analysed this relationship and found, on average, a ten minute increase in travel time reduces the average house price by £21,762.

“Also, for every for every £100 spent on an annual season ticket, the average house price goes down by £4,179.”

Essex Rail Users Federation chairman Derek Monnery said the study did not take into account the hidden costs such as car parking and the annual hike in season tickets.

He said: “It is good if you want to get into London and the trains are running well but it doesn’t always work that way and there are several problems such as infrastructure, the train stock and freight trains.”