According to the public record, 39, Mersea Road, Colchester is a early-century leasehold apartment and with 258 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 39, Mersea Road, Colchester, CO2.
Mersea Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
39, Mersea Road, Colchester has 31 entries in the Land Registry database, most recently in December 2008 and 2 entries in the EPC database, most recently in July 2022.
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 39 Mersea Road Colchester as £75,043 and the rental value as £478 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 39 Mersea Road Colchester has increased by £91 (0.1%) and its rental value has increased by £43 per month (9.0%).
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 39, Mersea Road, Colchester is in very good condition we estimate a sale value of £78,795 and rental value of £502 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £69,790 and a rental value of £445 per month.
If you were able to purchase this property for the estimated value of £75,043, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £369 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, 39, Mersea Road, Colchester was last sold on 17 Dec 2008 for £55,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2008, the market for similar properties has risen 57.8%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 39, Mersea Road, Colchester within a radius of 46m over the last 2 years.
The most recent example is 44C, Mersea Road, Colchester, CO2 7QT, a Leasehold flat which sold for £42,000 in Jun 2013.
Read more about house prices in CO2.
Mersea Road, Colchester, CO2 has a total of 329 addresses. According to our analysis of all the public data, 39, Mersea Road, Colchester is the 324th largest and the 328th most expensive property on the street.
When compared to the postcode district it is £187k less expensive than the average property in CO2.
39, Mersea Road, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Jul 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 39, Mersea Road, Colchester is Colchester Town station which is 700 m 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 39, Mersea Road, Colchester, 41.7% of property is privately rented and 38.1% 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 39, Mersea Road, Colchester, 17.7% of residents are recorded as possessing school level qualifications and 46.7% 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 39, Mersea Road, 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 39, Mersea Road, Colchester, 0.5% 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 39, Mersea Road, Colchester, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.