According to the public record, 4, Land Lane, Colchester is a modern freehold house with 1,711 ft2 of internal area and sits on a 195 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Land Lane, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
4, Land Lane, Colchester has 2 entries in the Land Registry database, most recently in May 2015 and a single entry in the EPC database dated November 2014.
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 4 Land Lane Colchester as £529,886 and the rental value as £1,644 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 4 Land Lane Colchester has decreased by £10,113 (1.9%) and its rental value has increased by £99 per month (6.0%).
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 4, Land Lane, Colchester is in very good condition we estimate a sale value of £556,380 and rental value of £1,726 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £492,794 and a rental value of £1,529 per month.
If you were able to purchase this property for the estimated value of £529,886, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,604 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, Land Lane, Colchester sits on a plot of 195m2.
We have plot size data on 5 out of 6 other houses in the postcode and 4, Land Lane, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 4, Land Lane, Colchester was last sold on 29 May 2015 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2015, the market for similar properties has risen 37.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Land Lane, Colchester within a radius of 490 metres over the last 2 years.
The most recent example is 4, East Hill, Colchester, CO1 2QL, a Freehold house which sold for £480,000 in Oct 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Land Lane, Colchester, CO1 has a total of 9 addresses. According to our analysis of all the public data, 4, Land Lane, Colchester is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £268k more expensive than the average property in CO1.
4, Land Lane, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Nov 2014.
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 4, Land Lane, 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 4, Land Lane, Colchester, 41.1% of property is privately rented and 21.3% 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 4, Land Lane, Colchester, 16.0% of residents are recorded as possessing school level qualifications and 44.9% 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, Land 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, Land Lane, Colchester, 0.8% 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, Land Lane, 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.