According to the public record, 163, Magnolia Drive, Colchester is a mid-century leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Magnolia Drive, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
163, Magnolia Drive, Colchester has 2 entries in the Land Registry database, most recently in September 2015 and a single entry in the EPC database dated December 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 163 Magnolia Drive Colchester as £111,250 and the rental value as £706 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 163 Magnolia Drive Colchester has increased by £238 (0.2%) and its rental value has increased by £52 per month (7.3%).
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 163, Magnolia Drive, Colchester is in very good condition we estimate a sale value of £116,812 and rental value of £741 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,462 and a rental value of £656 per month.
If you were able to purchase this property for the estimated value of £111,250, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £547 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, 163, Magnolia Drive, Colchester was last sold on 21 Sep 2015 for £85,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2015, the market for similar properties has risen 28.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 163, Magnolia Drive, Colchester within a radius of 500 metres over the last 2 years.
The most recent example is 24, Buckingham Drive, Colchester, CO4 3YH, a Leasehold flat which sold for £125,000 in Sep 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magnolia Drive, Colchester, CO4 has a total of 184 addresses. According to our analysis of all the public data, 163, Magnolia Drive, Colchester is the 179th largest and the 178th most expensive property on the street.
When compared to the postcode district it is £195k less expensive than the average property in CO4.
163, Magnolia Drive, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Dec 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 163, Magnolia Drive, Colchester is Hythe (Essex) station which is 1.1 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 163, Magnolia Drive, Colchester, 30.2% of property is privately rented and 28.1% 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 163, Magnolia Drive, Colchester, 34.9% of residents are recorded as possessing school level qualifications and 23.4% 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 163, Magnolia Drive, 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 163, Magnolia Drive, Colchester, 0.9% 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 163, Magnolia Drive, Colchester, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.