According to the public record, 38, Mersea Avenue, Colchester is a mid-century freehold house and with 1,550 ft2 of internal area and sits on a 539 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mersea Avenue, West Mersea, Colchester, CO5 is located in the borough of Colchester within the CO5 postal district.
38, Mersea Avenue, Colchester has 31 entries in the Land Registry database, most recently in January 2021 and 2 entries in the EPC database, most recently in September 2019.
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 38 Mersea Avenue Colchester as £511,134 and the rental value as £1,949 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 38 Mersea Avenue Colchester has decreased by £7,550 (1.5%) and its rental value has increased by £123 per month (6.3%).
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 38, Mersea Avenue, Colchester is in very good condition we estimate a sale value of £536,691 and rental value of £2,047 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £475,355 and a rental value of £1,813 per month.
If you were able to purchase this property for the estimated value of £511,134, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,512 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, 38, Mersea Avenue, Colchester sits on a plot of 539m2.
We have plot size data on 26 out of 53 other houses in the postcode and 38, Mersea Avenue, Colchester sits on the 11th largest plot.
According to HM Land Registry, 38, Mersea Avenue, Colchester was last sold on 26 Jan 2021 for £544,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2021, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Mersea Avenue, Colchester within a radius of 387m over the last 2 years.
The most recent example is 18, Whittaker Way, Colchester, CO5 8LB, a Freehold house which sold for £535,000 in Sep 2022.
Read more about house prices in CO5.
Mersea Avenue, West Mersea, Colchester, CO5 has a total of 53 addresses. According to our analysis of all the public data, 38, Mersea Avenue, Colchester is the 22nd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £90k more expensive than the average property in CO5.
38, Mersea Avenue, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Sep 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 38, Mersea Avenue, Colchester is Wivenhoe station which is 9.2 km 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 38, Mersea Avenue, Colchester, 52.0% of property is privately owned outright and 22.1% 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 38, Mersea Avenue, Colchester, 13.7% of residents are recorded as possessing school level qualifications and 29.6% 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 38, Mersea Avenue, Colchester, the average age was 51.3 and the most common age was 72.
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 38, Mersea Avenue, Colchester, 0.7% 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 38, Mersea Avenue, 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.