According to the public record, 15, Cherrywoods, Colchester is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,243 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Cherrywoods, Great Bentley, Colchester, CO7 is located in the borough of Tendring within the CO7 postal district.
15, Cherrywoods, Colchester has 2 entries in the Land Registry database, most recently in December 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 15 Cherrywoods Colchester as £399,397 and the rental value as £1,717 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 15 Cherrywoods Colchester has decreased by £7,525 (1.9%) and its rental value has increased by £116 per month (6.7%).
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 15, Cherrywoods, Colchester is in very good condition we estimate a sale value of £419,367 and rental value of £1,802 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,439 and a rental value of £1,596 per month.
If you were able to purchase this property for the estimated value of £399,397, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,963 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, 15, Cherrywoods, Colchester was last sold on 03 Dec 2010 for £250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2010, the market for similar properties has risen 68.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Cherrywoods, Colchester within a radius of 51m over the last 2 years.
The most recent example is 18, Cherrywoods, Colchester, CO7 8QF, a Freehold house which sold for £385,000 in Oct 2023.
Read more about house prices in CO7.
Cherrywoods, Great Bentley, Colchester, CO7 has a total of 18 addresses. According to our analysis of all the public data, 15, Cherrywoods, Colchester is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in CO7.
The closest station to 15, Cherrywoods, Colchester is Great Bentley 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 15, Cherrywoods, Colchester, 34.6% of property is privately owned outright and 26.9% 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 15, Cherrywoods, Colchester, 16.3% of residents are recorded as possessing school level qualifications and 21.8% 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 15, Cherrywoods, Colchester, the average age was 45.8 and the most common age was 72.
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 15, Cherrywoods, 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 15, Cherrywoods, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.