According to the public record, 5, Old Chapel Drive, Colchester is a modern freehold house with 775 ft2 of internal area and sits on a 201 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Old Chapel Drive, Stanway, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
5, Old Chapel Drive, Colchester has 3 entries in the Land Registry database, most recently in March 2019 and a single entry in the EPC database dated March 2013.
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 Old Chapel Drive Colchester as £301,003 and the rental value as £1,367 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 5 Old Chapel Drive Colchester has decreased by £816 (0.3%) and its rental value has increased by £63 per month (4.6%).
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, Old Chapel Drive, Colchester is in very good condition we estimate a sale value of £316,053 and rental value of £1,436 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,932 and a rental value of £1,272 per month.
If you were able to purchase this property for the estimated value of £301,003, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,479 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, Old Chapel Drive, Colchester sits on a plot of 201m2.
We have plot size data on 22 out of 22 other houses in the postcode and 5, Old Chapel Drive, Colchester sits on the 9th largest plot.
According to HM Land Registry, 5, Old Chapel Drive, Colchester was last sold on 28 Mar 2019 for £268,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2019, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Old Chapel Drive, Colchester within a radius of 620 metres over the last 2 years.
The most recent example is 32, Stable Close, Colchester, CO3 0UG, a Freehold house which sold for £347,500 in May 2022.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Chapel Drive, Stanway, Colchester, CO3 has a total of 26 addresses. According to our analysis of all the public data, 5, Old Chapel Drive, Colchester is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in CO3.
5, Old Chapel Drive, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Mar 2013.
The property is not connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 5, Old Chapel Drive, Colchester is Colchester station which is 3.5 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, Old Chapel Drive, Colchester, 40.0% of property is privately owned with a mortgage and 36.9% is privately owned outright.
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, Old Chapel Drive, Colchester, 18.0% of residents are recorded as possessing school level qualifications and 31.0% 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, Old Chapel Drive, Colchester, the average age was 41.8 and the most common age was 32.
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, Old Chapel Drive, Colchester, 0.5% 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, Old Chapel Drive, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.