According to the public record, 5, Colvin Close, Colchester is a mid-century freehold house with 1,679 ft2 of internal area and sits on a 684 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Colvin Close, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
5, Colvin Close, Colchester has 31 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated March 2015.
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 5 Colvin Close Colchester as £655,441 and the rental value as £2,047 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 5 Colvin Close Colchester has decreased by £6,507 (1.0%) and its rental value has increased by £78 per month (3.8%).
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 5, Colvin Close, Colchester is in very good condition we estimate a sale value of £688,213 and rental value of £2,149 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £609,560 and a rental value of £1,904 per month.
If you were able to purchase this property for the estimated value of £655,441, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,221 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, 5, Colvin Close, Colchester sits on a plot of 684m2.
We have plot size data on 9 out of 11 other houses in the postcode and 5, Colvin Close, Colchester sits on the 5th largest plot.
According to HM Land Registry, 5, Colvin Close, Colchester was last sold on 20 Aug 2021 for £595,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2021, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Colvin Close, Colchester within a radius of 810 metres over the last 2 years.
The most recent example is 175, Lexden Road, Colchester, CO3 3TE, a Freehold house which sold for £625,000 in Apr 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colvin Close, Colchester, CO3 has a total of 12 addresses. According to our analysis of all the public data, 5, Colvin Close, Colchester is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £281k more expensive than the average property in CO3.
5, Colvin Close, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Mar 2015.
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 5, Colvin Close, Colchester is Colchester station which is 2.7 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 5, Colvin Close, Colchester, 53.4% of property is privately owned outright and 32.3% 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 5, Colvin Close, Colchester, 23.8% of residents are recorded as possessing school level qualifications and 42.4% 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 5, Colvin Close, 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 5, Colvin Close, 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 5, Colvin Close, 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.