According to the public record, 2 Castle House, Colchester is a modern leasehold apartment with 1,001 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Castle House, Castle Bailey, Colchester, CO1.
Castle Bailey, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
2 Castle House, Colchester has 2 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated January 2017.
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 Castle House Colchester as £403,548 and the rental value as £1,731 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Castle House Colchester has increased by £452 (0.1%) and its rental value has increased by £145 per month (8.4%).
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 Castle House, Colchester is in very good condition we estimate a sale value of £423,725 and rental value of £1,817 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £375,300 and a rental value of £1,609 per month.
If you were able to purchase this property for the estimated value of £403,548, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,983 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, 2 Castle House, Colchester was last sold on 21 Dec 2022 for £347,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Castle House, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 11 Greyfriars Court, Castle Road, Colchester, CO1 1TL, a Leasehold flat which sold for £375,000 in Dec 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Bailey, Colchester, CO1 has a total of 6 addresses. According to our analysis of all the public data, 2 Castle House, Colchester is the largest and the most expensive property on the street.
When compared to the postcode district it is £141k more expensive than the average property in CO1.
2 Castle House, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Jan 2017.
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 Castle House, Colchester is Colchester Town station which is 400 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 Castle House, Colchester, 44.0% of property is socially rented and 39.8% is privately rented.
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 Castle House, Colchester, 15.7% of residents are recorded as possessing school level qualifications and 28.5% 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 Castle House, 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 Castle House, Colchester, 0.0% 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 Castle House, Colchester, there are an average of 0.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.