According to the public record, 10, Cherrywood Drive, Colchester is a mid-century freehold house with 1,022 ft2 of internal area and sits on a 480 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Cherrywood Drive, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
10, Cherrywood Drive, Colchester has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated January 2023.
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 10 Cherrywood Drive Colchester as £413,707 and the rental value as £1,577 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 10 Cherrywood Drive Colchester has decreased by £1,875 (0.5%) and its rental value has increased by £69 per month (4.4%).
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 10, Cherrywood Drive, Colchester is in very good condition we estimate a sale value of £434,392 and rental value of £1,656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,748 and a rental value of £1,467 per month.
If you were able to purchase this property for the estimated value of £413,707, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,033 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, 10, Cherrywood Drive, Colchester sits on a plot of 480m2.
We have plot size data on 16 out of 25 other houses in the postcode and 10, Cherrywood Drive, Colchester sits on the 11th largest plot.
According to HM Land Registry, 10, Cherrywood Drive, Colchester was last sold on 24 Mar 2023 for £335,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Cherrywood Drive, Colchester within a radius of 600 metres over the last 2 years.
The most recent example is 17, Weavers Close, Colchester, CO3 4LT, a Freehold house which sold for £430,000 in Feb 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherrywood Drive, Colchester, CO3 has a total of 25 addresses. According to our analysis of all the public data, 10, Cherrywood Drive, Colchester is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in CO3.
10, Cherrywood Drive, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jan 2023.
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 10, Cherrywood Drive, Colchester is Colchester Town station which is 3.3 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 10, Cherrywood Drive, Colchester, 44.3% of property is privately owned outright and 41.8% 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 10, Cherrywood Drive, Colchester, 22.0% of residents are recorded as possessing school level qualifications and 35.3% 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 10, Cherrywood Drive, Colchester, the average age was 45.6 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 10, Cherrywood Drive, Colchester, 1.3% 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 10, Cherrywood Drive, 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.