According to the public record, 16, Gorse Walk, Colchester is a mid-century leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Gorse Walk, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
16, Gorse Walk, Colchester has a single entry in the Land Registry database from October 2013 and a single entry in the EPC database dated October 2016.
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 16 Gorse Walk Colchester as £168,976 and the rental value as £979 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 16 Gorse Walk Colchester has increased by £887 (0.5%) and its rental value has increased by £76 per month (7.7%).
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 16, Gorse Walk, Colchester is in very good condition we estimate a sale value of £177,425 and rental value of £1,028 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £157,147 and a rental value of £911 per month.
If you were able to purchase this property for the estimated value of £168,976, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £830 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, 16, Gorse Walk, Colchester was last sold on 15 Oct 2013 for £105,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2013, the market for similar properties has risen 47.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Gorse Walk, Colchester within a radius of 500 metres over the last 2 years.
The most recent example is 119, Hawthorn Avenue, Colchester, CO4 3YA, a Leasehold flat which sold for £142,500 in Dec 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorse Walk, Colchester, CO4 has a total of 29 addresses. According to our analysis of all the public data, 16, Gorse Walk, Colchester is the 11th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in CO4.
16, Gorse Walk, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Oct 2016.
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 16, Gorse Walk, Colchester is Hythe (Essex) station which is 600 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 16, Gorse Walk, Colchester, 45.1% of property is socially rented and 25.2% 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 16, Gorse Walk, Colchester, 23.1% of residents are recorded as possessing school level qualifications and 15.6% 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 16, Gorse Walk, Colchester, the average age was 32.8 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 16, Gorse Walk, 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 16, Gorse Walk, 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.