According to the public record, 1, Parade Square, Colchester is a modern freehold house with 947 ft2 of internal area and sits on a 172 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Parade Square, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
1, Parade Square, Colchester has a single entry in the Land Registry database from September 2015 and a single entry in the EPC database dated August 2015.
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 Parade Square Colchester as £311,489 and the rental value as £1,370 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 1 Parade Square Colchester has decreased by £3,070 (1.0%) and its rental value has increased by £108 per month (7.9%).
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, Parade Square, Colchester is in very good condition we estimate a sale value of £327,063 and rental value of £1,439 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,685 and a rental value of £1,275 per month.
If you were able to purchase this property for the estimated value of £311,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,531 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 data from HM Land Registry, 1, Parade Square, Colchester sits on a plot of 172m2.
We have plot size data on 28 out of 30 other houses in the postcode and 1, Parade Square, Colchester sits on the 5th largest plot.
According to HM Land Registry, 1, Parade Square, Colchester was last sold on 25 Sep 2015 for £256,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2015, the market for similar properties has risen 34.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Parade Square, Colchester within a radius of 330 metres over the last 2 years.
The most recent example is 15, Parade Square, Colchester, CO2 7GP, a Freehold house which sold for £330,000 in Oct 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parade Square, Colchester, CO2 has a total of 41 addresses. According to our analysis of all the public data, 1, Parade Square, Colchester is the 17th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in CO2.
1, Parade Square, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Aug 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 1, Parade Square, Colchester is Colchester Town station which is 500 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 1, Parade Square, Colchester, 36.7% of property is privately rented and 26.6% is socially rented.
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, Parade Square, Colchester, 33.6% of residents are recorded as possessing school level qualifications and 32.9% 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, Parade Square, Colchester, the average age was 33.3 and the most common age was 22.
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, Parade Square, Colchester, 0.0% 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, Parade Square, Colchester, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.