According to the public record, 16, Lightship Way, Colchester is a modern apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lightship Way, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
16, Lightship Way, Colchester has no recent1 records in the Land Registry database and 3 entries in the EPC database, most recently in June 2021.
We combine this information with public data 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 Lightship Way Colchester as £174,335 and the rental value as £936 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 16 Lightship Way Colchester has increased by £1,920 (1.1%) and its rental value has increased by £90 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 16, Lightship Way, Colchester is in very good condition we estimate a sale value of £183,052 and rental value of £983 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,132 and a rental value of £871 per month.
If you were able to purchase this property for the estimated value of £174,335, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £857 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, Lightship Way, Colchester was last sold on 23 Dec 2005 for £180,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Lightship Way, Colchester within a radius of 145m over the last 2 years.
The most recent example is 6, Hardie's Point, Colchester, CO2 8JT, a Leasehold flat which sold for £147,000 in Oct 2023.
Read more about house prices in CO2.
Lightship Way, Colchester, CO2 has a total of 139 addresses. According to our analysis of all the public data, 16, Lightship Way, Colchester is the 125th largest and the 139th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in CO2.
16, Lightship Way, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Jun 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 16, Lightship Way, Colchester is Hythe (Essex) station which is 700 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 16, Lightship Way, Colchester, 82.6% of property is privately rented and 10.9% 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 16, Lightship Way, Colchester, 49.4% of residents are recorded as possessing school level qualifications and 43.0% 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, Lightship Way, 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, Lightship Way, Colchester, 0.6% 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, Lightship Way, Colchester, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.