According to the public record, 42, Grosvenor Place, Colchester is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Grosvenor Place, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
42, Grosvenor Place, Colchester has 3 entries in the Land Registry database, most recently in October 2016 and a single entry in the EPC database dated November 2012.
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 42 Grosvenor Place Colchester as £209,739 and the rental value as £974 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 42 Grosvenor Place Colchester has increased by £2,004 (1.0%) and its rental value has increased by £89 per month (9.1%).
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 42, Grosvenor Place, Colchester is in very good condition we estimate a sale value of £220,226 and rental value of £1,022 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,057 and a rental value of £906 per month.
If you were able to purchase this property for the estimated value of £209,739, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,031 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, 42, Grosvenor Place, Colchester was last sold on 28 Oct 2016 for £210,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2016, the market for similar properties has risen 12.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Grosvenor Place, Colchester within a radius of 530 metres over the last 2 years.
The most recent example is 38, Grosvenor Place, Colchester, CO1 2ZD, a Leasehold flat which sold for £180,000 in Aug 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grosvenor Place, Colchester, CO1 has a total of 51 addresses. According to our analysis of all the public data, 42, Grosvenor Place, Colchester is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in CO1.
42, Grosvenor Place, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Nov 2012.
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 42, Grosvenor Place, Colchester is Colchester Town station which is 900 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 42, Grosvenor Place, Colchester, 50.9% of property is privately rented and 23.2% 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 42, Grosvenor Place, Colchester, 24.9% of residents are recorded as possessing school level qualifications and 45.4% 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 42, Grosvenor Place, 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 42, Grosvenor Place, Colchester, 2.7% 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 42, Grosvenor Place, 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.