According to the public record, 4, The Rayleighs, Colchester is a modern freehold house with 1,227 ft2 of internal area and sits on a 313 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Rayleighs, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
4, The Rayleighs, Colchester has 31 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated July 2017.
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 The Rayleighs Colchester as £414,186 and the rental value as £1,503 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 4 The Rayleighs Colchester has decreased by £7,520 (1.8%) and its rental value has increased by £82 per month (5.5%).
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, The Rayleighs, Colchester is in very good condition we estimate a sale value of £434,895 and rental value of £1,578 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £385,193 and a rental value of £1,398 per month.
If you were able to purchase this property for the estimated value of £414,186, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,036 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, The Rayleighs, Colchester sits on a plot of 313m2.
We have plot size data on 7 out of 9 other houses in the postcode and 4, The Rayleighs, Colchester sits on the largest plot.
According to HM Land Registry, 4, The Rayleighs, Colchester was last sold on 18 Dec 2020 for £380,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2020, the market for similar properties has risen 9.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, The Rayleighs, Colchester within a radius of 650 metres over the last 2 years.
The most recent example is 2, The Rayleighs, Colchester, CO2 7BE, a Freehold house which sold for £415,000 in Dec 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Rayleighs, Colchester, CO2 has a total of 9 addresses. According to our analysis of all the public data, 4, The Rayleighs, Colchester is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £152k more expensive than the average property in CO2.
4, The Rayleighs, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jul 2017.
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, The Rayleighs, Colchester is Colchester Town station which is 1.8 kilometres 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, The Rayleighs, Colchester, 45.5% of property is privately owned with a mortgage and 36.6% 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, The Rayleighs, Colchester, 23.6% of residents are recorded as possessing school level qualifications and 45.1% 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, The Rayleighs, Colchester, the average age was 37.4 and the most common age was 47.
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, The Rayleighs, Colchester, 0.9% 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, The Rayleighs, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.