According to the public record, 27, Salary Close, Colchester is a mid-century leasehold house with 613 ft2 of internal area and sits on a 239 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Salary Close, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
27, Salary Close, Colchester has 21 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated May 2021.
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 27 Salary Close Colchester as £277,240 and the rental value as £1,213 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 27 Salary Close Colchester has decreased by £330 (0.1%) and its rental value has increased by £78 per month (6.4%).
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 27, Salary Close, Colchester is in very good condition we estimate a sale value of £291,102 and rental value of £1,274 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £257,833 and a rental value of £1,128 per month.
If you were able to purchase this property for the estimated value of £277,240, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,363 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, 27, Salary Close, Colchester sits on a plot of 239m2.
We have plot size data on 35 out of 53 other houses in the postcode and 27, Salary Close, Colchester sits on the 26th largest plot.
According to HM Land Registry, 27, Salary Close, Colchester was last sold on 03 Nov 2021 for £251,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Salary Close, Colchester within a radius of 630 metres over the last 2 years.
The most recent example is 32, Salary Close, Colchester, CO4 3HL, a Freehold house which sold for £257,500 in Sep 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salary Close, Colchester, CO4 has a total of 53 addresses. According to our analysis of all the public data, 27, Salary Close, Colchester is the 22nd largest and the 24th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in CO4.
27, Salary Close, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 May 2021.
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 27, Salary Close, Colchester is Hythe (Essex) station which is 1.5 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 27, Salary Close, Colchester, 57.3% of property is privately owned outright and 31.9% 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 27, Salary Close, Colchester, 11.6% of residents are recorded as possessing school level qualifications and 29.7% 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 27, Salary Close, Colchester, the average age was 43 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 27, Salary Close, 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 27, Salary Close, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.