According to the public record, 4, Eld Lane, Colchester is a leasehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,213 ft2 of internal area and sits on a 27.1 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Eld Lane, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
4, Eld Lane, Colchester has a single entry in the Land Registry database from August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Eld Lane Colchester as £235,817 and the rental value as £1,011 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 4 Eld Lane Colchester has decreased by £3,833 (1.6%) and its rental value has increased by £66 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 4, Eld Lane, Colchester is in very good condition we estimate a sale value of £247,608 and rental value of £1,062 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,310 and a rental value of £940 per month.
If you were able to purchase this property for the estimated value of £235,817, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,159 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, 4, Eld Lane, Colchester sits on a plot of 27m2.
We have plot size data on 3 out of 10 other houses in the postcode and 4, Eld Lane, Colchester sits on the 5th largest plot.
According to HM Land Registry, 4, Eld Lane, Colchester was last sold on 24 Aug 2007 for £200,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Aug 2007, the market for similar properties has risen 53.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Eld Lane, Colchester within a radius of 490 metres over the last 2 years.
The most recent example is 11, West Stockwell Street, Colchester, CO1 1HN, a Freehold house which sold for £254,130 in Jun 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eld Lane, Colchester, CO1 has a total of 47 addresses. According to our analysis of all the public data, 4, Eld Lane, Colchester is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £26k less expensive than the average property in CO1.
The closest station to 4, Eld Lane, Colchester is Colchester Town station which is 300 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 4, Eld Lane, Colchester, 34.0% of property is privately rented and 32.1% 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 4, Eld Lane, Colchester, 21.3% of residents are recorded as possessing school level qualifications and 49.7% 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 4, Eld Lane, 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 4, Eld Lane, Colchester, 1.2% 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 4, Eld Lane, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.