According to the public record, 17, Parsons Heath, Colchester is a period freehold house with 1,076 ft2 of internal area and sits on a 342 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Parsons Heath, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
17, Parsons Heath, Colchester has 21 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated 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 17 Parsons Heath Colchester as £320,415 and the rental value as £1,526 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 17 Parsons Heath Colchester has decreased by £3,134 (1.0%) and its rental value has increased by £72 per month (4.7%).
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, Parsons Heath, Colchester is in very good condition we estimate a sale value of £336,436 and rental value of £1,602 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £297,986 and a rental value of £1,419 per month.
If you were able to purchase this property for the estimated value of £320,415, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,575 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, Parsons Heath, Colchester sits on a plot of 342m2.
We have plot size data on 13 out of 16 other houses in the postcode and 17, Parsons Heath, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 17, Parsons Heath, Colchester was last sold on 19 Aug 2020 for £275,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 12.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Parsons Heath, Colchester within a radius of 620 metres over the last 2 years.
The most recent example is 16, Redwood Close, Colchester, CO4 3PA, a Freehold house which sold for £335,000 in Sep 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parsons Heath, Colchester, CO4 has a total of 76 addresses. According to our analysis of all the public data, 17, Parsons Heath, Colchester is the 42nd largest and the 44th most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in CO4.
17, Parsons Heath, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 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 17, Parsons Heath, Colchester is Hythe (Essex) station which is 1.5 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, Parsons Heath, Colchester, 37.6% of property is privately owned outright and 34.2% 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, Parsons Heath, Colchester, 17.9% of residents are recorded as possessing school level qualifications and 24.6% 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 17, Parsons Heath, Colchester, the average age was 43 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, Parsons Heath, Colchester, 0.3% 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, Parsons Heath, 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.