According to the public record, 49, Meachen Road, Colchester is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Meachen Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
49, Meachen Road, Colchester has 41 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated May 2020.
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 49 Meachen Road Colchester as £151,666 and the rental value as £894 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 49 Meachen Road Colchester has increased by £929 (0.6%) and its rental value has increased by £83 per month (9.2%).
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 49, Meachen Road, Colchester is in very good condition we estimate a sale value of £159,250 and rental value of £938 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £141,050 and a rental value of £831 per month.
If you were able to purchase this property for the estimated value of £151,666, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £745 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, 49, Meachen Road, Colchester was last sold on 14 Sep 2023 for £160,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2023, the market for similar properties has risen 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 49, Meachen Road, Colchester within a radius of 390 metres over the last 2 years.
The most recent example is 67, Meachen Road, Colchester, CO2 8JD, a Leasehold flat which sold for £153,500 in Sep 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meachen Road, Colchester, CO2 has a total of 40 addresses. According to our analysis of all the public data, 49, Meachen Road, Colchester is the 34th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in CO2.
49, Meachen Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 May 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 49, Meachen Road, Colchester is Hythe (Essex) 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 49, Meachen Road, Colchester, 55.1% of property is privately owned outright and 39.5% 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 49, Meachen Road, Colchester, 12.7% of residents are recorded as possessing school level qualifications and 19.8% 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 49, Meachen Road, Colchester, the average age was 33.3 and the most common age was 22.
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 49, Meachen Road, Colchester, 1.6% 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 49, Meachen Road, Colchester, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.