According to the public record, 1, Damask Road, Colchester is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,193 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Damask Road, Stanway, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
1, Damask Road, Colchester has a single entry in the Land Registry database from August 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Damask Road Colchester as £388,620 and the rental value as £1,701 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 1 Damask Road Colchester has decreased by £2,845 (0.7%) and its rental value has increased by £70 per month (4.1%).
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, Damask Road, Colchester is in very good condition we estimate a sale value of £408,051 and rental value of £1,786 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £361,417 and a rental value of £1,582 per month.
If you were able to purchase this property for the estimated value of £388,620, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,910 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, Damask Road, Colchester was last sold on 31 Aug 2021 for £340,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2021, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Damask Road, Colchester within a radius of 690 metres over the last 2 years.
The most recent example is 18, Damask Road, Colchester, CO3 0HG, a Freehold house which sold for £355,000 in Dec 2022.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Damask Road, Stanway, Colchester, CO3 has a total of 24 addresses. According to our analysis of all the public data, 1, Damask Road, Colchester is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £15k more expensive than the average property in CO3.
The closest station to 1, Damask Road, Colchester is Marks Tey station which is 3.9 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, Damask Road, Colchester, 57.8% of property is privately owned outright and 32.4% is privately owned with a mortgage.
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, Damask Road, Colchester, 11.1% of residents are recorded as possessing school level qualifications and 19.4% 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, Damask Road, Colchester, the average age was 41.8 and the most common age was 32.
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, Damask Road, Colchester, 0.9% 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, Damask Road, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.