According to the public record, 5, Salisbury Avenue, Colchester is a period freehold house with 979 ft2 of internal area and sits on a 291 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Salisbury Avenue, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
5, Salisbury Avenue, Colchester has 41 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated September 2022.
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 Salisbury Avenue Colchester as £350,894 and the rental value as £1,478 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 5 Salisbury Avenue Colchester has decreased by £2,095 (0.6%) and its rental value has increased by £114 per month (7.7%).
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, Salisbury Avenue, Colchester is in very good condition we estimate a sale value of £368,439 and rental value of £1,552 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £326,332 and a rental value of £1,375 per month.
If you were able to purchase this property for the estimated value of £350,894, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,725 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, Salisbury Avenue, Colchester sits on a plot of 291m2.
We have plot size data on 19 out of 25 other houses in the postcode and 5, Salisbury Avenue, Colchester sits on the largest plot.
According to HM Land Registry, 5, Salisbury Avenue, Colchester was last sold on 09 Dec 2022 for £477,750 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Salisbury Avenue, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 49, Wickham Road, Colchester, CO3 3EE, a Freehold house which sold for £330,000 in Aug 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Avenue, Colchester, CO3 has a total of 72 addresses. According to our analysis of all the public data, 5, Salisbury Avenue, Colchester is the 28th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in CO3.
5, Salisbury Avenue, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Sep 2022.
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, Salisbury Avenue, Colchester is Colchester Town station which is 900 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 5, Salisbury Avenue, Colchester, 35.3% of property is privately rented and 32.8% 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, Salisbury Avenue, Colchester, 20.6% of residents are recorded as possessing school level qualifications and 58.5% 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, Salisbury Avenue, 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, Salisbury Avenue, Colchester, 2.3% 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, Salisbury Avenue, 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.