According to the public record, 1 Allingham Court, Colchester is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Allingham Court, King Coel Road, Colchester, CO3.
King Coel Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
1 Allingham Court, Colchester has 3 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated March 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Allingham Court Colchester as £224,548 and the rental value as £981 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 1 Allingham Court Colchester has increased by £3,278 (1.5%) and its rental value has increased by £62 per month (6.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1 Allingham Court, Colchester is in very good condition we estimate a sale value of £235,776 and rental value of £1,030 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,830 and a rental value of £912 per month.
If you were able to purchase this property for the estimated value of £224,548, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,104 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1 Allingham Court, Colchester was last sold on 30 May 2023 for £195,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2023, the market for similar properties has risen 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Allingham Court, Colchester within a radius of 670 metres over the last 2 years.
The most recent example is 5 The Bell Tower, New Farm Road, Colchester, CO3 0AF, a Leasehold flat which sold for £200,000 in Apr 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
King Coel Road, Colchester, CO3 has a total of 42 addresses. According to our analysis of all the public data, 1 Allingham Court, Colchester is the 33rd largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in CO3.
1 Allingham Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Mar 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Allingham Court, Colchester is Colchester station which is 3.4 kilometres 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 1 Allingham Court, Colchester, 43.9% of property is privately owned with a mortgage and 27.3% 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 1 Allingham Court, Colchester, 17.5% of residents are recorded as possessing school level qualifications and 28.0% 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 1 Allingham Court, Colchester, the average age was 43.4 and the most common age was 52.
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 1 Allingham Court, Colchester, 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 1 Allingham Court, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.