According to the public record, 46, Layer Road, Colchester is a early-century freehold house with 1,474 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Layer Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
46, Layer Road, Colchester has a single entry in the Land Registry database from May 2011 and a single entry in the EPC database dated March 2010.
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 46 Layer Road Colchester as £506,874 and the rental value as £1,588 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 46 Layer Road Colchester has decreased by £9,979 (2.0%) and its rental value has increased by £94 per month (5.9%).
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 46, Layer Road, Colchester is in very good condition we estimate a sale value of £532,217 and rental value of £1,667 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £471,392 and a rental value of £1,477 per month.
If you were able to purchase this property for the estimated value of £506,874, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,491 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, 46, Layer Road, Colchester was last sold on 13 May 2011 for £240,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2011, the market for similar properties has risen 64.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Layer Road, Colchester within a radius of 720 metres over the last 2 years.
The most recent example is 108, Layer Road, Colchester, CO2 7JN, a Freehold house which sold for £460,000 in Jul 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Layer Road, Colchester, CO2 has a total of 234 addresses. According to our analysis of all the public data, 46, Layer Road, Colchester is the 13th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £245k more expensive than the average property in CO2.
46, Layer Road, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Mar 2010.
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 46, Layer Road, 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 46, Layer Road, Colchester, 52.2% of property is privately owned with a mortgage and 32.3% is privately rented.
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 46, Layer Road, Colchester, 24.2% of residents are recorded as possessing school level qualifications and 46.8% 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 46, Layer Road, 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 46, Layer Road, Colchester, 1.1% 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 46, Layer Road, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.