According to the public record, 2, Tarrett Drive, Colchester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 683 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Tarrett Drive, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
2, Tarrett Drive, Colchester has 21 entries in the Land Registry database, most recently in October 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Tarrett Drive Colchester as £184,553 and the rental value as £945 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 2 Tarrett Drive Colchester has increased by £1,131 (0.6%) and its rental value has increased by £87 per month (9.2%).
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, Tarrett Drive, Colchester is in very good condition we estimate a sale value of £193,780 and rental value of £992 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £171,634 and a rental value of £879 per month.
If you were able to purchase this property for the estimated value of £184,553, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £907 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, Tarrett Drive, Colchester was last sold on 22 Oct 2007 for £130,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2007, the market for similar properties has risen 29.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Tarrett Drive, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 4, Tarrett Drive, Colchester, CO1 2NJ, a Leasehold flat which sold for £182,000 in Jul 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tarrett Drive, Colchester, CO1 has a total of 32 addresses. According to our analysis of all the public data, 2, Tarrett Drive, Colchester is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in CO1.
The closest station to 2, Tarrett Drive, Colchester is Hythe (Essex) station which is 500 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, Tarrett Drive, Colchester, 41.6% of property is privately rented and 24.6% is socially 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, Tarrett Drive, Colchester, 24.8% of residents are recorded as possessing school level qualifications and 35.5% 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, Tarrett Drive, 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, Tarrett Drive, Colchester, 0.4% 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, Tarrett Drive, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.