According to the public record, 24, Buckingham Drive, Colchester is a mid-century leasehold apartment and with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Buckingham Drive, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
24, Buckingham Drive, Colchester has 3 entries in the Land Registry database, most recently in September 2023 and 2 entries in the EPC database, most recently in February 2020.
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 24 Buckingham Drive Colchester as £124,870 and the rental value as £787 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 24 Buckingham Drive Colchester has increased by £306 (0.2%) and its rental value has increased by £56 per month (7.1%).
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 24, Buckingham Drive, Colchester is in very good condition we estimate a sale value of £131,113 and rental value of £826 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £116,129 and a rental value of £732 per month.
If you were able to purchase this property for the estimated value of £124,870, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £614 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, 24, Buckingham Drive, Colchester was last sold on 15 Sep 2023 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2023, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Buckingham Drive, Colchester within a radius of 424m over the last 2 years.
The most recent example is 9, Rochdale Way, Colchester, CO4 3XQ, a Leasehold flat which sold for £110,000 in May 2024.
Read more about house prices in CO4.
Buckingham Drive, Colchester, CO4 has a total of 28 addresses. According to our analysis of all the public data, 24, Buckingham Drive, Colchester is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £182k less expensive than the average property in CO4.
24, Buckingham Drive, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Feb 2020.
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 24, Buckingham Drive, Colchester is Hythe (Essex) station which is 800 m 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 24, Buckingham Drive, Colchester, 72.2% of property is socially rented and 13.4% 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 24, Buckingham Drive, Colchester, 14.7% of residents are recorded as possessing school level qualifications and 20.7% 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 24, Buckingham Drive, Colchester, the average age was 32.8 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 24, Buckingham Drive, 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 24, Buckingham Drive, Colchester, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.