According to the public record, 3, Lambeth Road, Colchester is a modern freehold house with 818 ft2 of internal area and sits on a 204 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lambeth Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
3, Lambeth Road, Colchester has 3 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated April 2013.
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 Lambeth Road Colchester as £330,935 and the rental value as £1,270 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 3 Lambeth Road Colchester has decreased by £4,849 (1.5%) and its rental value has increased by £82 per month (6.5%).
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, Lambeth Road, Colchester is in very good condition we estimate a sale value of £347,482 and rental value of £1,333 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £307,769 and a rental value of £1,181 per month.
If you were able to purchase this property for the estimated value of £330,935, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,626 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, Lambeth Road, Colchester sits on a plot of 204m2.
We have plot size data on 21 out of 21 other houses in the postcode and 3, Lambeth Road, Colchester sits on the 14th largest plot.
According to HM Land Registry, 3, Lambeth Road, Colchester was last sold on 03 Feb 2023 for £322,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Lambeth Road, Colchester within a radius of 620 metres over the last 2 years.
The most recent example is 4, Kensington Road, Colchester, CO2 7FH, a Freehold house which sold for £380,000 in Nov 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lambeth Road, Colchester, CO2 has a total of 34 addresses. According to our analysis of all the public data, 3, Lambeth Road, Colchester is the 26th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in CO2.
3, Lambeth Road, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Apr 2013.
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 3, Lambeth Road, Colchester is Colchester Town station which is 1.3 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, Lambeth Road, Colchester, 52.2% of property is privately owned with a mortgage and 32.3% is privately 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, Lambeth Road, Colchester, 24.2% of residents are recorded as possessing school level qualifications and 46.8% 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, Lambeth 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, Lambeth Road, Colchester, 1.1% 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, Lambeth Road, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.