According to the public record, 16, Park Road, Colchester is a modern freehold house and with 2,551 ft2 of internal area and sits on a 992 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Park Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
16, Park Road, Colchester has 31 entries in the Land Registry database, most recently in October 2018 and 2 entries in the EPC database, most recently in January 2020.
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 Park Road Colchester as £945,134 and the rental value as £3,032 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 16 Park Road Colchester has decreased by £16,828 (1.8%) and its rental value has increased by £119 per month (3.9%).
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, Park Road, Colchester is in very good condition we estimate a sale value of £992,390 and rental value of £3,183 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £878,974 and a rental value of £2,819 per month.
If you were able to purchase this property for the estimated value of £945,134, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,645 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 data from HM Land Registry, 16, Park Road, Colchester sits on a plot of 992m2.
We have plot size data on 17 out of 20 other houses in the postcode and 16, Park Road, Colchester sits on the largest plot.
According to HM Land Registry, 16, Park Road, Colchester was last sold on 05 Oct 2018 for £795,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Oct 2018, the market for similar properties has risen 16.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Park Road, Colchester within a radius of 342m over the last 2 years.
The most recent example is 1A, Queens Road, Colchester, CO3 3NZ, a Freehold house which sold for £1,055,000 in Sep 2023.
Read more about house prices in CO3.
Park Road, Colchester, CO3 has a total of 36 addresses. According to our analysis of all the public data, 16, Park Road, Colchester is the 2nd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £571k more expensive than the average property in CO3.
16, Park Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jan 2020.
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, Park Road, Colchester is Colchester Town station which is 1.8 km 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, Park Road, Colchester, 44.5% of property is privately owned outright and 33.6% 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 16, Park Road, Colchester, 19.4% of residents are recorded as possessing school level qualifications and 49.0% 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, Park Road, Colchester, the average age was 43.4 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 16, Park Road, 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 16, Park Road, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.