According to the public record, 108, Nicholsons Grove, Colchester is a modern leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Nicholsons Grove, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
108, Nicholsons Grove, Colchester has 21 entries in the Land Registry database, most recently in April 2013 and a single entry in the EPC database dated August 2020.
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 108 Nicholsons Grove Colchester as £125,182 and the rental value as £749 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 108 Nicholsons Grove Colchester has increased by £244 (0.2%) and its rental value has increased by £63 per month (8.5%).
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 108, Nicholsons Grove, Colchester is in very good condition we estimate a sale value of £131,441 and rental value of £786 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £116,419 and a rental value of £696 per month.
If you were able to purchase this property for the estimated value of £125,182, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £615 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, 108, Nicholsons Grove, Colchester was last sold on 26 Apr 2013 for £80,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2013, the market for similar properties has risen 55.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 108, Nicholsons Grove, Colchester within a radius of 390 metres over the last 2 years.
The most recent example is 81, Nicholsons Grove, Colchester, CO1 2XT, a Leasehold flat which sold for £127,500 in Aug 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nicholsons Grove, Colchester, CO1 has a total of 123 addresses. According to our analysis of all the public data, 108, Nicholsons Grove, Colchester is the 97th largest and the 100th most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in CO1.
108, Nicholsons Grove, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 108, Nicholsons Grove, Colchester is Colchester Town station which is 300 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 108, Nicholsons Grove, Colchester, 77.6% of property is privately rented and 14.7% 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 108, Nicholsons Grove, Colchester, 9.3% of residents are recorded as possessing school level qualifications and 41.2% 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 108, Nicholsons Grove, Colchester, 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 108, Nicholsons Grove, 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 108, Nicholsons Grove, Colchester, 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.