According to the public record, 24, Ipswich Road, Colchester is a period freehold house with 850 ft2 of internal area and sits on a 111 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Ipswich Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
24, Ipswich Road, Colchester has 41 entries in the Land Registry database, most recently in November 2017 and a single entry in the EPC database dated June 2019.
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 Ipswich Road Colchester as £236,097 and the rental value as £1,207 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 24 Ipswich Road Colchester has decreased by £2,831 (1.2%) and its rental value has increased by £82 per month (6.8%).
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, Ipswich Road, Colchester is in very good condition we estimate a sale value of £247,902 and rental value of £1,267 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,571 and a rental value of £1,122 per month.
If you were able to purchase this property for the estimated value of £236,097, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,160 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, Ipswich Road, Colchester sits on a plot of 111m2.
We have plot size data on 8 out of 13 other houses in the postcode and 24, Ipswich Road, Colchester sits on the 5th largest plot.
According to HM Land Registry, 24, Ipswich Road, Colchester was last sold on 13 Nov 2017 for £201,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Nov 2017, the market for similar properties has risen 11.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Ipswich Road, Colchester within a radius of 550 metres over the last 2 years.
The most recent example is 68, Ipswich Road, Colchester, CO1 2YE, a Freehold house which sold for £230,000 in Jul 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ipswich Road, Colchester, CO1 has a total of 40 addresses. According to our analysis of all the public data, 24, Ipswich Road, Colchester is the 6th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £26k less expensive than the average property in CO1.
24, Ipswich Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Jun 2019.
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, Ipswich Road, Colchester is Hythe (Essex) station which is 900 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, Ipswich Road, Colchester, 43.0% of property is privately rented and 26.9% 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, Ipswich Road, Colchester, 17.9% of residents are recorded as possessing school level qualifications and 32.6% 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, Ipswich Road, Colchester, the average age was 40 and the most common age was 27.
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, Ipswich Road, Colchester, 0.3% 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, Ipswich 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.