According to the public record, 3 Greyfriars Court, Colchester is a modern leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Greyfriars Court, Castle Road, Colchester, CO1.
Castle Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
3 Greyfriars Court, Colchester has a single entry in the Land Registry database from October 2009 and a single entry in the EPC database dated July 2020.
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 Greyfriars Court Colchester as £329,022 and the rental value as £1,437 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 3 Greyfriars Court Colchester has increased by £6,217 (1.9%) and its rental value has increased by £145 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 Greyfriars Court, Colchester is in very good condition we estimate a sale value of £345,473 and rental value of £1,508 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,990 and a rental value of £1,336 per month.
If you were able to purchase this property for the estimated value of £329,022, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,617 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 Greyfriars Court, Colchester was last sold on 30 Oct 2009 for £170,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2009, the market for similar properties has risen 53.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Greyfriars Court, Colchester within a radius of 480 metres over the last 2 years.
The most recent example is 1 Greyfriars Court, Castle Road, Colchester, CO1 1TL, a Leasehold flat which sold for £290,000 in Jan 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Road, Colchester, CO1 has a total of 88 addresses. According to our analysis of all the public data, 3 Greyfriars Court, Colchester is the 66th largest and the 68th most expensive property on the street.
When compared to the postcode district it is £67k more expensive than the average property in CO1.
3 Greyfriars Court, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Jul 2020.
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 Greyfriars Court, Colchester is Colchester Town station which is 500 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 Greyfriars Court, Colchester, 41.1% of property is privately rented and 21.3% 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 Greyfriars Court, Colchester, 16.0% of residents are recorded as possessing school level qualifications and 44.9% 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 3 Greyfriars Court, 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 Greyfriars Court, Colchester, 0.8% 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 Greyfriars Court, Colchester, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.