According to the public record, 28, Myrtle Grove, Colchester is a period house with 1,076 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Myrtle Grove, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
28, Myrtle Grove, Colchester has no records in the Land Registry database and a single entry in the EPC database dated May 2017.
We combine this information with public data 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 Myrtle Grove Colchester as £286,362 and the rental value as £1,338 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 28 Myrtle Grove Colchester has decreased by £2,823 (1.0%) and its rental value has increased by £105 per month (7.9%).
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, Myrtle Grove, Colchester is in very good condition we estimate a sale value of £300,680 and rental value of £1,405 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,316 and a rental value of £1,245 per month.
If you were able to purchase this property for the estimated value of £286,362, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,407 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Myrtle Grove, Colchester within a radius of 400 metres over the last 2 years.
The most recent example is 16, Myrtle Grove, Colchester, CO2 7LG, a Freehold house which sold for £275,000 in May 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Myrtle Grove, Colchester, CO2 has a total of 21 addresses. According to our analysis of all the public data, 28, Myrtle Grove, Colchester is the largest and the most expensive property on the street.
When compared to the postcode district it is £24k more expensive than the average property in CO2.
28, Myrtle Grove, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 May 2017.
The property is connected to mains gas and has mostly secondary glazing. It is heated using room heaters.
The closest station to 28, Myrtle Grove, Colchester is Colchester Town station which is 800 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 28, Myrtle Grove, Colchester, 36.7% of property is privately rented and 26.6% is socially 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 28, Myrtle Grove, Colchester, 33.6% of residents are recorded as possessing school level qualifications and 32.9% 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, Myrtle Grove, 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 28, Myrtle Grove, 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 28, Myrtle Grove, Colchester, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.