According to the public record, 24, Chapel Street South, Colchester is a period freehold house with 516 ft2 of internal area and sits on a 68.6 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Chapel Street South, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
24, Chapel Street South, Colchester has 51 entries in the Land Registry database, most recently in December 2009 and a single entry in the EPC database dated January 2023.
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 Chapel Street South Colchester as £183,749 and the rental value as £957 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 24 Chapel Street South Colchester has decreased by £1,327 (0.7%) and its rental value has increased by £77 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 24, Chapel Street South, Colchester is in very good condition we estimate a sale value of £192,936 and rental value of £1,005 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,886 and a rental value of £890 per month.
If you were able to purchase this property for the estimated value of £183,749, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £903 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, 24, Chapel Street South, Colchester sits on a plot of 69m2.
We have plot size data on 4 out of 6 other houses in the postcode and 24, Chapel Street South, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 24, Chapel Street South, Colchester was last sold on 09 Dec 2009 for £116,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Dec 2009, the market for similar properties has risen 72.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Chapel Street South, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 48, Butt Road, Colchester, CO3 3DA, a Freehold house which sold for £183,000 in Jul 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chapel Street South, Colchester, CO2 has a total of 15 addresses. According to our analysis of all the public data, 24, Chapel Street South, Colchester is the 15th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in CO2.
24, Chapel Street South, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jan 2023.
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, Chapel Street South, Colchester is Colchester Town 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 24, Chapel Street South, 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 24, Chapel Street South, 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 24, Chapel Street South, 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 24, Chapel Street South, 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 24, Chapel Street South, 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.