According to the public record, 3, South Street, Colchester is a period house with 796 ft2 of internal area and sits on a 91 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
South Street, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
3, South Street, Colchester has no records in the Land Registry database and a single entry in the EPC database dated August 2021.
We combine this information with public data 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 South Street Colchester as £263,584 and the rental value as £1,231 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 3 South Street Colchester has decreased by £2,517 (1.0%) and its rental value has increased by £97 per month (7.8%).
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, South Street, Colchester is in very good condition we estimate a sale value of £276,763 and rental value of £1,293 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,133 and a rental value of £1,145 per month.
If you were able to purchase this property for the estimated value of £263,584, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,295 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, South Street, Colchester sits on a plot of 91m2.
We have plot size data on 24 out of 36 other houses in the postcode and 3, South Street, Colchester sits on the 15th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, South Street, Colchester within a radius of 480 metres over the last 2 years.
The most recent example is 48, South Street, Colchester, CO2 7BJ, a Freehold house which sold for £163,000 in Aug 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Street, Colchester, CO2 has a total of 86 addresses. According to our analysis of all the public data, 3, South Street, Colchester is the 16th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £1k more expensive than the average property in CO2.
3, South Street, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Aug 2021.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 3, South Street, 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, South Street, Colchester, 52.4% of property is privately rented and 18.4% 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, South Street, Colchester, 15.5% of residents are recorded as possessing school level qualifications and 36.2% 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, South Street, Colchester, the average age was 33.3 and the most common age was 22.
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, South Street, 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, South Street, 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.