According to the public record, 11, Parade Square, Colchester is a modern leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Parade Square, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
11, Parade Square, Colchester has 2 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated May 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 11 Parade Square Colchester as £222,763 and the rental value as £986 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 11 Parade Square Colchester has increased by £1,331 (0.6%) and its rental value has increased by £94 per month (9.6%).
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 11, Parade Square, Colchester is in very good condition we estimate a sale value of £233,901 and rental value of £1,035 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,169 and a rental value of £917 per month.
If you were able to purchase this property for the estimated value of £222,763, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,095 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, 11, Parade Square, Colchester was last sold on 15 Mar 2024 for £230,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2024, 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 11, Parade Square, Colchester within a radius of 350 metres over the last 2 years.
The most recent example is 32, Hyderabad Close, Colchester, CO2 7FZ, a Leasehold flat which sold for £227,500 in Dec 2023.
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, 11, Parade Square, Colchester is the 27th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in CO2.
11, Parade Square, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 May 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 11, 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 11, 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 11, 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 11, 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 11, 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 11, 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.