According to the public record, 28, London Road, Colchester is a period freehold house with 796 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
London Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
28, London Road, Colchester has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated February 2016.
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 28 London Road Colchester as £275,763 and the rental value as £1,354 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 28 London Road Colchester has decreased by £978 (0.4%) and its rental value has increased by £61 per month (4.5%).
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 28, London Road, Colchester is in very good condition we estimate a sale value of £289,551 and rental value of £1,421 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,459 and a rental value of £1,259 per month.
If you were able to purchase this property for the estimated value of £275,763, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,355 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, 28, London Road, Colchester was last sold on 08 Feb 2023 for £280,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has dropped 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, London Road, Colchester within a radius of 790 metres over the last 2 years.
The most recent example is 4, Halstead Road, Colchester, CO3 9AE, a Freehold house which sold for £295,000 in Jul 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Colchester, CO3 has a total of 118 addresses. According to our analysis of all the public data, 28, London Road, Colchester is the 66th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in CO3.
28, London Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Feb 2016.
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 28, London Road, Colchester is Colchester station which is 2.9 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 28, London Road, Colchester, 49.3% of property is privately owned outright and 32.8% 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 28, London Road, Colchester, 23.4% of residents are recorded as possessing school level qualifications and 39.5% 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 28, London Road, Colchester, the average age was 43.4 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 28, London Road, Colchester, 0.6% 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 28, London Road, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.