According to the public record, 3 The Brewery Tower, Eaglegate, Colchester is a modern leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Eaglegate, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
3 The Brewery Tower, Eaglegate, Colchester has 51 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated December 2023.
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 3 The Brewery Tower Eaglegate Colchester as £230,542 and the rental value as £1,077 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 3 The Brewery Tower Eaglegate Colchester has increased by £4,356 (1.9%) and its rental value has increased by £109 per month (10.1%).
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 3 The Brewery Tower, Eaglegate, Colchester is in very good condition we estimate a sale value of £242,069 and rental value of £1,131 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £214,404 and a rental value of £1,002 per month.
If you were able to purchase this property for the estimated value of £230,542, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,133 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, 3 The Brewery Tower, Eaglegate, Colchester was last sold on 21 May 2021 for £230,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2021, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 The Brewery Tower, Eaglegate, Colchester within a radius of 490 metres over the last 2 years.
The most recent example is 49, Grosvenor Place, Colchester, CO1 2ZD, a Leasehold flat which sold for £230,000 in Jan 2024.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eaglegate, Colchester, CO1 has a total of 33 addresses. According to our analysis of all the public data, 3 The Brewery Tower, Eaglegate, Colchester is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in CO1.
3 The Brewery Tower, Eaglegate, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Dec 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 3 The Brewery Tower, Eaglegate, Colchester is Colchester Town station which is 600 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 3 The Brewery Tower, Eaglegate, Colchester, 50.4% of property is privately owned outright and 27.4% 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 3 The Brewery Tower, Eaglegate, Colchester, 8.0% of residents are recorded as possessing school level qualifications and 22.2% 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 3 The Brewery Tower, Eaglegate, 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 3 The Brewery Tower, Eaglegate, 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 3 The Brewery Tower, Eaglegate, Colchester, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.