CO1 1EL is a residential postcode located on Shortcut Road, Colchester, CO1. It is the 484th largest postcode in the CO1 area.
It contains 10 residential addresses consisting of 2 houses, 7 flats and 1 unknown and the most common type of property is a modern flat built after 1980.
The average house value is £137,327. Sales values have increased in the last 12 months by 0.6% and Rental values have increased by 8.9%.
Property sale values range from £119,523 for a leasehold flat, with 1 bedrooms split across 420 square feet of gross internal area and has no outside space to £255,513 for a freehold house, with 3 bedrooms split across 958 square feet of gross internal area and has a garden.
Average £/ft2 for properties in CO1 1EL is £267/ft2.
Properties achieve a rental yield of between 6% and 7.7%, and rental values range from £751 to £1,272 per month.
The last sale was 15 Jan 2021 for £215,000 and since then the market in the area has increased by 9.6%. The postcode has had a total of 3 sales since 1995.
CO1 1EL has seen 1 sale in the last three years and no sales in the last twelve months.
CO1 1EL is the 484th largest and the 66th most expensive postcode out of the 1,454 postcodes in the CO1 area.
CO1 1EL is the 484th largest and the 66th most expensive postcode out of the 1,454 postcodes in the CO1 area.
CO1 1EL is a residential postcode located on Shortcut Road, Colchester, CO1 with 2 houses, 7 flats and 1 unknown within its bounds.
The most common property type in CO1 1EL is a modern flat built after 1980.
The homes with certificates are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to CO1 1EL is Colchester Town station which is 800 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around CO1 1EL, 50.3% of property is privately rented and 21.9% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CO1 1EL, 12.5% of residents are recorded as possessing school level qualifications and 44.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around CO1 1EL, the average age was 40 and the most common age was 27.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CO1 1EL, 0.7% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CO1 1EL, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.