According to the public record, 32, Wakefield Close, Colchester is a modern freehold house with 613 ft2 of internal area and sits on a 288 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Wakefield Close, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
32, Wakefield Close, Colchester has 31 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated July 2023.
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 32 Wakefield Close Colchester as £298,562 and the rental value as £1,144 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 32 Wakefield Close Colchester has decreased by £3,010 (1.0%) and its rental value has increased by £61 per month (5.3%).
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 32, Wakefield Close, Colchester is in very good condition we estimate a sale value of £313,490 and rental value of £1,201 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,663 and a rental value of £1,064 per month.
If you were able to purchase this property for the estimated value of £298,562, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,467 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, 32, Wakefield Close, Colchester sits on a plot of 288m2.
We have plot size data on 25 out of 34 other houses in the postcode and 32, Wakefield Close, Colchester sits on the 15th largest plot.
According to HM Land Registry, 32, Wakefield Close, Colchester was last sold on 28 Sep 2023 for £320,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2023, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Wakefield Close, Colchester within a radius of 560 metres over the last 2 years.
The most recent example is 7, Ozalid Road, Colchester, CO1 1NQ, a Freehold house which sold for £310,000 in Jul 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wakefield Close, Colchester, CO1 has a total of 34 addresses. According to our analysis of all the public data, 32, Wakefield Close, Colchester is the 33rd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £36k more expensive than the average property in CO1.
32, Wakefield Close, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Jul 2023.
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 32, Wakefield Close, Colchester is Colchester Town station which is 800 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 32, Wakefield Close, Colchester, 61.7% of property is privately owned outright and 26.7% 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 32, Wakefield Close, Colchester, 13.1% of residents are recorded as possessing school level qualifications and 35.2% 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 32, Wakefield Close, 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 32, Wakefield Close, Colchester, 2.0% 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 32, Wakefield Close, 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.