According to the public record, 40, Shelley Road, Colchester is a mid-century freehold house with 990 ft2 of internal area and sits on a 271 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Shelley Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
40, Shelley Road, Colchester has a single entry in the Land Registry database from March 2024 and a single entry in the EPC database dated April 2023.
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 40 Shelley Road Colchester as £332,944 and the rental value as £1,505 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 40 Shelley Road Colchester has decreased by £1,613 (0.5%) and its rental value has increased by £66 per month (4.4%).
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 40, Shelley Road, Colchester is in very good condition we estimate a sale value of £349,591 and rental value of £1,580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £309,638 and a rental value of £1,399 per month.
If you were able to purchase this property for the estimated value of £332,944, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,636 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, 40, Shelley Road, Colchester sits on a plot of 271m2.
We have plot size data on 13 out of 18 other houses in the postcode and 40, Shelley Road, Colchester sits on the 6th largest plot.
According to HM Land Registry, 40, Shelley Road, Colchester was last sold on 11 Mar 2024 for £292,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2024, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Shelley Road, Colchester within a radius of 650 metres over the last 2 years.
The most recent example is 7, Browning Close, Colchester, CO3 4JJ, a Freehold house which sold for £350,000 in Jul 2022.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shelley Road, Colchester, CO3 has a total of 49 addresses. According to our analysis of all the public data, 40, Shelley Road, Colchester is the 16th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £41k less expensive than the average property in CO3.
40, Shelley Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Apr 2023.
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 40, Shelley Road, Colchester is Colchester station which is 3.0 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 40, Shelley Road, Colchester, 44.8% of property is privately owned outright and 43.3% 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 40, Shelley Road, Colchester, 19.3% of residents are recorded as possessing school level qualifications and 32.4% 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 40, Shelley Road, Colchester, the average age was 43.4 and the most common age was 52.
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 40, Shelley Road, Colchester, 0.0% 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 40, Shelley Road, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.