The Real Cost of Buying a First Home in Great Tey
A first purchase at the £575,000 Great Tey average needs about £79,550 in cash, made up of £57,500 deposit, £18,750 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
A first purchase at the £575,000 Great Tey average needs about £79,550 in cash, made up of £57,500 deposit, £18,750 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The full cash number for Great Tey
On the local average the deposit is £57,500, stamp duty is £18,750 and fees are near £3,300. Total cash needed is about £79,550.
The £575,000 average is above the £500,000 ceiling, so first time buyer relief does not apply. Stamp duty is the full £18,750. Rates are those in force from April 2025. Confirm the current position on gov.uk before you exchange.
Average prices above £500,000 mean first time buyer relief does not apply on a typical purchase here. Budget the full duty from the start.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Great Tey.
Borrowing power on a Great Tey income
The costs that start the day you move in
Band D council tax in Great Tey is £2,300 a year, which is £192 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
The Great Tey detail first buyers ask about
The schools families ask about here are Great Tey Church of England Voluntary Controlled Primary School, Colchester secondary schools, Colchester grammar & independent schools and Sixth-form & further education. 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Great Tey to Marks Tey station takes about 5 to 10 min drive.
By price, Great Tey ranks 66 of the 200 Essex locations we cover, at £575,000 against a county average of £520,425. Band D council tax here is £2,300, against an average of £2,301 across the towns we cover in the county.
What your money buys in Great Tey
Great Tey is a sought-after, higher-value rural village north-west of Colchester near Marks Tey & the Colne valley.
The full local guide covers schools, transport and the market in detail: Great Tey property and area guide.
| Budget | What it buys here |
|---|---|
| Around £300,000 to £425,000 | A cottage or smaller home, the more accessible way into the village. |
| Around £425,000 to £750,000 | A semi-detached or detached family home, the heart of the Great Tey market. |
| £750,000 and above | A larger farmhouse or period home, the top of the local market. |
- Magnificent Norman church tower
- The village green with the Chequers
- Sought-after, low-density rural character
- Marks Tey station & fast London line near by
- Farmland & gentle Colne-valley countryside
- A higher-value village, homes command a premium
- No station in the village itself (Marks Tey's is near by)
- Larger farmhouses & period homes mean substantial lending
- Road noise near the A120 for some homes
- A flood/surface-water consideration in low-lying spots
Great Tey is known locally for A sought-after rural village. A desirable, higher-value village north-west of Colchester, between Marks Tey, Coggeshall and the Colne valley, with the fast London line a short drive away.
Practical detail for Great Tey: the CO6 postcode district, no station in the village; Marks Tey station a short drive away, Greater Anglia main line, direct to London Liverpool Street ~55 min; junction for the Sudbury branch and nearest A and E is Colchester General Hospital, verify with NHS.
Great Tey at a glance
| Upfront cost | Great Tey figure |
|---|---|
| Average price | £575,000 |
| Deposit at 10% | £57,500 |
| Stamp duty, first time buyer | £18,750 |
| Stamp duty, standard rate | £18,750 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £79,550 |
| Monthly repayment illustration | £3,025 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Great Tey
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £79,550, not just the deposit
- Your stamp duty position confirmed on gov.uk
- A first year running cost budget including £2,300 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Great Tey
Broadband speeds can vary street by street in Great Tey, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Great Tey?
Do first time buyers pay stamp duty in Great Tey?
What is the biggest hidden cost?
How do I check broadband speed at a property in Great Tey?
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