According to the public record, 288, Maldon Road, Colchester is a modern freehold house with 1,420 ft2 of internal area and sits on a 158 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Maldon Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
288, Maldon Road, Colchester has 2 entries in the Land Registry database, most recently in January 2020 and a single entry in the EPC database dated December 2014.
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 288 Maldon Road Colchester as £429,447 and the rental value as £1,746 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 288 Maldon Road Colchester has decreased by £6,513 (1.5%) and its rental value has increased by £91 per month (5.2%).
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 288, Maldon Road, Colchester is in very good condition we estimate a sale value of £450,920 and rental value of £1,834 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £399,386 and a rental value of £1,624 per month.
If you were able to purchase this property for the estimated value of £429,447, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,111 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, 288, Maldon Road, Colchester sits on a plot of 158m2.
We have plot size data on 9 out of 12 other houses in the postcode and 288, Maldon Road, Colchester sits on the 9th largest plot.
According to HM Land Registry, 288, Maldon Road, Colchester was last sold on 28 Jan 2020 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2020, the market for similar properties has risen 15.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 288, Maldon Road, Colchester within a radius of 670 metres over the last 2 years.
The most recent example is 286, Maldon Road, Colchester, CO3 3BN, a Freehold house which sold for £390,000 in Aug 2021.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Maldon Road, Colchester, CO3 has a total of 344 addresses. According to our analysis of all the public data, 288, Maldon Road, Colchester is the 107th largest and the 148th most expensive property on the street.
When compared to the postcode district it is £55k more expensive than the average property in CO3.
288, Maldon Road, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Dec 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 288, Maldon Road, Colchester is Colchester Town station which is 1.9 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 288, Maldon Road, Colchester, 45.5% of property is privately owned with a mortgage and 36.6% is privately owned outright.
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 288, Maldon Road, Colchester, 23.6% of residents are recorded as possessing school level qualifications and 45.1% 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 288, Maldon Road, Colchester, the average age was 37.4 and the most common age was 47.
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 288, Maldon Road, Colchester, 0.9% 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 288, Maldon Road, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.