According to the public record, 12, Orchard Gardens, Colchester is a modern leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Orchard Gardens, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
12, Orchard Gardens, Colchester has 4 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated August 2019.
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 12 Orchard Gardens Colchester as £113,060 and the rental value as £715 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 12 Orchard Gardens Colchester has increased by £405 (0.4%) and its rental value has increased by £44 per month (6.2%).
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 12, Orchard Gardens, Colchester is in very good condition we estimate a sale value of £118,713 and rental value of £751 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,146 and a rental value of £665 per month.
If you were able to purchase this property for the estimated value of £113,060, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £556 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, 12, Orchard Gardens, Colchester was last sold on 17 Dec 2021 for £90,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2021, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Orchard Gardens, Colchester within a radius of 540 metres over the last 2 years.
The most recent example is 26, Orchard Gardens, Colchester, CO4 0XB, a Leasehold flat which sold for £88,500 in Jul 2022.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orchard Gardens, Colchester, CO4 has a total of 41 addresses. According to our analysis of all the public data, 12, Orchard Gardens, Colchester is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £194k less expensive than the average property in CO4.
12, Orchard Gardens, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Aug 2019.
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 12, Orchard Gardens, Colchester is Hythe (Essex) station which is 1.2 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 12, Orchard Gardens, Colchester, 37.6% of property is privately rented and 26.7% is privately owned outright.
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 12, Orchard Gardens, Colchester, 20.2% of residents are recorded as possessing school level qualifications and 25.3% 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 12, Orchard Gardens, Colchester, the average age was 43 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 12, Orchard Gardens, Colchester, 1.1% 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 12, Orchard Gardens, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.