According to the public record, 2, Lexden Grove, Colchester is a mid-century freehold house with 1,948 ft2 of internal area and sits on a 391 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Lexden Grove, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
2, Lexden Grove, Colchester has 21 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated May 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 Lexden Grove Colchester as £638,992 and the rental value as £2,249 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 2 Lexden Grove Colchester has decreased by £10,157 (1.6%) and its rental value has increased by £72 per month (3.2%).
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, Lexden Grove, Colchester is in very good condition we estimate a sale value of £670,941 and rental value of £2,361 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £594,262 and a rental value of £2,091 per month.
If you were able to purchase this property for the estimated value of £638,992, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,140 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, Lexden Grove, Colchester sits on a plot of 391m2.
We have plot size data on 8 out of 11 other houses in the postcode and 2, Lexden Grove, Colchester sits on the 7th largest plot.
According to HM Land Registry, 2, Lexden Grove, Colchester was last sold on 17 Dec 2020 for £575,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2020, the market for similar properties has risen 9.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lexden Grove, Colchester within a radius of 790 metres over the last 2 years.
The most recent example is 10, Masefield Drive, Colchester, CO3 4HX, a Freehold house which sold for £750,000 in Jun 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lexden Grove, Colchester, CO3 has a total of 11 addresses. According to our analysis of all the public data, 2, Lexden Grove, Colchester is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £265k more expensive than the average property in CO3.
2, Lexden Grove, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 May 2012.
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, Lexden Grove, Colchester is Colchester station which is 2.7 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 2, Lexden Grove, Colchester, 53.4% of property is privately owned outright and 32.3% 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, Lexden Grove, Colchester, 23.8% of residents are recorded as possessing school level qualifications and 42.4% 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, Lexden Grove, Colchester, the average age was 43.4 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 2, Lexden Grove, 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, Lexden Grove, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.