According to the public record, 3, Errington Road, Colchester is a period freehold house with 990 ft2 of internal area and sits on a 275 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Errington Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
3, Errington Road, Colchester has a single entry in the Land Registry database from April 2016 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 3 Errington Road Colchester as £419,274 and the rental value as £1,494 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 3 Errington Road Colchester has decreased by £5,665 (1.4%) and its rental value has increased by £93 per month (6.2%).
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 3, Errington Road, Colchester is in very good condition we estimate a sale value of £440,238 and rental value of £1,569 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £389,925 and a rental value of £1,390 per month.
If you were able to purchase this property for the estimated value of £419,274, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,061 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, 3, Errington Road, Colchester sits on a plot of 275m2.
We have plot size data on 14 out of 28 other houses in the postcode and 3, Errington Road, Colchester sits on the 5th largest plot.
According to HM Land Registry, 3, Errington Road, Colchester was last sold on 26 Apr 2016 for £287,654 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2016, the market for similar properties has risen 23.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Errington Road, Colchester within a radius of 510 metres over the last 2 years.
The most recent example is 47, Hamilton Road, Colchester, CO3 3DZ, a Freehold house which sold for £425,000 in Nov 2021.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Errington Road, Colchester, CO3 has a total of 36 addresses. According to our analysis of all the public data, 3, Errington Road, Colchester is the 34th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £45k more expensive than the average property in CO3.
3, Errington Road, Colchester has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 02 Feb 2016.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, dual fuel (mineral and wood).
The closest station to 3, Errington Road, Colchester is Colchester Town station which is 1.2 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 3, Errington Road, Colchester, 46.0% of property is privately owned with a mortgage and 38.7% 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 3, Errington Road, Colchester, 25.7% of residents are recorded as possessing school level qualifications and 59.0% 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, Errington 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 3, Errington Road, Colchester, 1.0% 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 3, Errington Road, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.