According to the public record, 17, Shortcut Road, Colchester is a modern apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Shortcut Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
17, Shortcut Road, Colchester has no records in the Land Registry database and a single entry in the EPC database dated June 2015.
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 17 Shortcut Road Colchester as £131,893 and the rental value as £834 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 17 Shortcut Road Colchester has increased by £747 (0.6%) and its rental value has increased by £74 per month (8.9%).
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 17, Shortcut Road, Colchester is in very good condition we estimate a sale value of £138,487 and rental value of £875 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,660 and a rental value of £775 per month.
If you were able to purchase this property for the estimated value of £131,893, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £648 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Shortcut Road, Colchester within a radius of 440 metres over the last 2 years.
The most recent example is Flat 5, Wickham House 1, Northgate Street, Colchester, CO1 1HA, a Leasehold flat which sold for £130,000 in Aug 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shortcut Road, Colchester, CO1 has a total of 21 addresses. According to our analysis of all the public data, 17, Shortcut Road, Colchester is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £130k less expensive than the average property in CO1.
17, Shortcut Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jun 2015.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 17, Shortcut Road, Colchester is Colchester Town station which is 800 metres 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, Shortcut Road, Colchester, 50.3% of property is privately rented and 21.9% 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 17, Shortcut Road, Colchester, 12.5% of residents are recorded as possessing school level qualifications and 44.6% 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, Shortcut Road, Colchester, the average age was 40 and the most common age was 27.
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, Shortcut Road, Colchester, 0.7% 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, Shortcut Road, Colchester, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.