According to the public record, 2, Cedars Road, Colchester is a period freehold house with 624 ft2 of internal area and sits on a 71.4 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Cedars Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
2, Cedars Road, Colchester has 41 entries in the Land Registry database, most recently in October 2014 and a single entry in the EPC database dated July 2024.
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 Cedars Road Colchester as £205,710 and the rental value as £1,060 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 2 Cedars Road Colchester has decreased by £1,486 (0.7%) and its rental value has increased by £86 per month (8.1%).
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, Cedars Road, Colchester is in very good condition we estimate a sale value of £215,996 and rental value of £1,113 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,310 and a rental value of £986 per month.
If you were able to purchase this property for the estimated value of £205,710, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,011 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, Cedars Road, Colchester sits on a plot of 71m2.
We have plot size data on 22 out of 27 other houses in the postcode and 2, Cedars Road, Colchester sits on the 8th largest plot.
According to HM Land Registry, 2, Cedars Road, Colchester was last sold on 24 Oct 2014 for £150,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Oct 2014, the market for similar properties has risen 48.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cedars Road, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 19, Cedars Road, Colchester, CO2 7BS, a Freehold house which sold for £225,000 in Sep 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedars Road, Colchester, CO2 has a total of 29 addresses. According to our analysis of all the public data, 2, Cedars Road, Colchester is the 20th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in CO2.
2, Cedars Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Jul 2024.
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 2, Cedars Road, 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, Cedars Road, Colchester, 46.9% of property is privately rented and 32.9% 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 2, Cedars Road, Colchester, 15.7% of residents are recorded as possessing school level qualifications and 42.3% 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 2, Cedars Road, Colchester, the average age was 33.3 and the most common age was 22.
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, Cedars Road, Colchester, 1.1% 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, Cedars Road, Colchester, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.