According to the public record, 5, Lancer Street, Colchester is a modern freehold house with 1,194 ft2 of internal area and sits on a 112 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lancer Street, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
5, Lancer Street, Colchester has a single entry in the Land Registry database from June 2015 and a single entry in the EPC database dated June 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 Lancer Street Colchester as £337,886 and the rental value as £1,446 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 5 Lancer Street Colchester has decreased by £5,767 (1.7%) and its rental value has increased by £99 per month (6.8%).
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, Lancer Street, Colchester is in very good condition we estimate a sale value of £354,780 and rental value of £1,518 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,234 and a rental value of £1,344 per month.
If you were able to purchase this property for the estimated value of £337,886, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,661 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, Lancer Street, Colchester sits on a plot of 112m2.
We have plot size data on 13 out of 13 other houses in the postcode and 5, Lancer Street, Colchester sits on the 7th largest plot.
According to HM Land Registry, 5, Lancer Street, Colchester was last sold on 30 Jun 2015 for £249,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2015, the market for similar properties has risen 36.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Lancer Street, Colchester within a radius of 540 metres over the last 2 years.
The most recent example is 21, Cavalry Road, Colchester, CO2 7GH, a Freehold house which sold for £375,000 in Sep 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancer Street, Colchester, CO2 has a total of 22 addresses. According to our analysis of all the public data, 5, Lancer Street, Colchester is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £76k more expensive than the average property in CO2.
5, Lancer Street, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jun 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 5, Lancer Street, Colchester is Colchester Town station which is 1.0 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 5, Lancer Street, Colchester, 61.7% of property is privately owned outright and 26.7% 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, Lancer Street, Colchester, 13.1% of residents are recorded as possessing school level qualifications and 35.2% 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, Lancer Street, 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 5, Lancer Street, Colchester, 2.0% 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, Lancer Street, 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.