According to the public record, 17, Cherrywood Drive, Colchester is a mid-century freehold house with 1,345 ft2 of internal area and sits on a 761 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cherrywood Drive, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
17, Cherrywood Drive, Colchester has 2 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated April 2023.
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 17 Cherrywood Drive Colchester as £496,511 and the rental value as £1,817 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 17 Cherrywood Drive Colchester has decreased by £5,254 (1.1%) and its rental value has increased by £68 per month (3.7%).
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 17, Cherrywood Drive, Colchester is in very good condition we estimate a sale value of £521,336 and rental value of £1,907 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £461,755 and a rental value of £1,689 per month.
If you were able to purchase this property for the estimated value of £496,511, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,440 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, 17, Cherrywood Drive, Colchester sits on a plot of 761m2.
We have plot size data on 16 out of 25 other houses in the postcode and 17, Cherrywood Drive, Colchester sits on the 4th largest plot.
According to HM Land Registry, 17, Cherrywood Drive, Colchester was last sold on 08 Aug 2023 for £603,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2023, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Cherrywood Drive, Colchester within a radius of 600 metres over the last 2 years.
The most recent example is 57, Ambrose Avenue, Colchester, CO3 4LJ, a Freehold house which sold for £440,000 in May 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherrywood Drive, Colchester, CO3 has a total of 25 addresses. According to our analysis of all the public data, 17, Cherrywood Drive, Colchester is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £122k more expensive than the average property in CO3.
17, Cherrywood Drive, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Apr 2023.
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 17, Cherrywood Drive, Colchester is Colchester Town station which is 3.3 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 17, Cherrywood Drive, Colchester, 44.3% of property is privately owned outright and 41.8% 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 17, Cherrywood Drive, Colchester, 22.0% of residents are recorded as possessing school level qualifications and 35.3% 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 17, Cherrywood Drive, Colchester, the average age was 45.6 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 17, Cherrywood Drive, Colchester, 1.3% 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 17, Cherrywood Drive, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.