According to the public record, 2 Newgate Terrace, Colchester is a modern freehold house with 1,679 ft2 of internal area and sits on a 103 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
St. Peters Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
2 Newgate Terrace, Colchester has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated September 2012.
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 2 Newgate Terrace Colchester as £440,708 and the rental value as £1,667 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 2 Newgate Terrace Colchester has decreased by £7,164 (1.6%) and its rental value has increased by £108 per month (6.5%).
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 2 Newgate Terrace, Colchester is in very good condition we estimate a sale value of £462,744 and rental value of £1,751 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £409,859 and a rental value of £1,550 per month.
If you were able to purchase this property for the estimated value of £440,708, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,166 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, 2 Newgate Terrace, Colchester sits on a plot of 103m2.
We have plot size data on 7 out of 9 other houses in the postcode and 2 Newgate Terrace, Colchester sits on the 7th largest plot.
According to HM Land Registry, 2 Newgate Terrace, Colchester was last sold on 25 Mar 2021 for £430,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 7.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Newgate Terrace, Colchester within a radius of 480 metres over the last 2 years.
The most recent example is 4 Newgate Terrace, St. Peters Street, Colchester, CO1 1EW, a Freehold house which sold for £437,500 in Sep 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Peters Street, Colchester, CO1 has a total of 191 addresses. According to our analysis of all the public data, 2 Newgate Terrace, Colchester is the 5th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £178k more expensive than the average property in CO1.
2 Newgate Terrace, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Sep 2012.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 2 Newgate Terrace, 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 2 Newgate Terrace, 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 2 Newgate Terrace, 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 2 Newgate Terrace, 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 2 Newgate Terrace, 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 2 Newgate Terrace, 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.