According to the public record, 118, Magdalen Street, Colchester is a period freehold house and with 592 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Magdalen Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
118, Magdalen Street, Colchester has 21 entries in the Land Registry database, most recently in July 2015 and 2 entries in the EPC database, most recently in July 2014.
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 118 Magdalen Street Colchester as £179,204 and the rental value as £948 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 118 Magdalen Street Colchester has decreased by £1,177 (0.7%) and its rental value has increased by £77 per month (8.2%).
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 118, Magdalen Street, Colchester is in very good condition we estimate a sale value of £188,164 and rental value of £996 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,660 and a rental value of £882 per month.
If you were able to purchase this property for the estimated value of £179,204, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £881 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, 118, Magdalen Street, Colchester was last sold on 10 Jul 2015 for £117,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2015, the market for similar properties has risen 38.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 118, Magdalen Street, Colchester within a radius of 191m over the last 2 years.
The most recent example is 115, Magdalen Street, Colchester, CO1 2LF, a Freehold house which sold for £205,000 in Oct 2023.
Read more about house prices in CO1.
Magdalen Street, Colchester, CO1 has a total of 402 addresses. According to our analysis of all the public data, 118, Magdalen Street, Colchester is the 321st largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in CO1.
118, Magdalen Street, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jul 2014.
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 118, Magdalen Street, Colchester is Colchester Town station which is 500 m 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 118, Magdalen Street, Colchester, 65.9% of property is privately rented and 20.9% 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 118, Magdalen Street, Colchester, 17.2% of residents are recorded as possessing school level qualifications and 31.7% 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 118, Magdalen Street, 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 118, Magdalen Street, 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 118, Magdalen Street, 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.