According to the public record, 3, Frensham Close, Colchester is a mid-century freehold house with 861 ft2 of internal area and sits on a 409 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Frensham Close, Stanway, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
3, Frensham Close, Colchester has a single entry in the Land Registry database from August 2013 and a single entry in the EPC database dated August 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 3 Frensham Close Colchester as £353,601 and the rental value as £1,506 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 3 Frensham Close Colchester has decreased by £958 (0.3%) and its rental value has increased by £69 per month (4.6%).
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, Frensham Close, Colchester is in very good condition we estimate a sale value of £371,281 and rental value of £1,581 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £328,849 and a rental value of £1,400 per month.
If you were able to purchase this property for the estimated value of £353,601, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,738 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, Frensham Close, Colchester sits on a plot of 409m2.
We have plot size data on 8 out of 14 other houses in the postcode and 3, Frensham Close, Colchester sits on the 5th largest plot.
According to HM Land Registry, 3, Frensham Close, Colchester was last sold on 21 Aug 2013 for £215,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2013, the market for similar properties has risen 60.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Frensham Close, Colchester within a radius of 650 metres over the last 2 years.
The most recent example is 69, Peace Road, Colchester, CO3 0HL, a Freehold house which sold for £375,000 in Sep 2022.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Frensham Close, Stanway, Colchester, CO3 has a total of 14 addresses. According to our analysis of all the public data, 3, Frensham Close, Colchester is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £20k less expensive than the average property in CO3.
3, Frensham Close, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Aug 2014.
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 3, Frensham Close, Colchester is Colchester station which is 3.6 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, Frensham Close, Colchester, 72.7% of property is privately owned outright and 21.4% 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 3, Frensham Close, Colchester, 9.8% of residents are recorded as possessing school level qualifications and 21.4% 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, Frensham Close, Colchester, the average age was 41.8 and the most common age was 32.
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, Frensham Close, 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 3, Frensham Close, 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.