According to the public record, 5, Spruce Avenue, Colchester is a mid-century freehold house with 796 ft2 of internal area and sits on a 275 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spruce Avenue, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
5, Spruce Avenue, Colchester has 2 entries in the Land Registry database, most recently in July 2023 and a single entry in the EPC database dated June 2023.
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 Spruce Avenue Colchester as £223,222 and the rental value as £1,155 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 5 Spruce Avenue Colchester has decreased by £588 (0.3%) and its rental value has increased by £70 per month (6.1%).
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, Spruce Avenue, Colchester is in very good condition we estimate a sale value of £234,383 and rental value of £1,213 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,596 and a rental value of £1,074 per month.
If you were able to purchase this property for the estimated value of £223,222, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,097 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, Spruce Avenue, Colchester sits on a plot of 275m2.
We have plot size data on 41 out of 51 other houses in the postcode and 5, Spruce Avenue, Colchester sits on the 13th largest plot.
According to HM Land Registry, 5, Spruce Avenue, Colchester was last sold on 24 Jul 2023 for £190,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2023, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Spruce Avenue, Colchester within a radius of 570 metres over the last 2 years.
The most recent example is 44, Hawthorn Avenue, Colchester, CO4 3JP, a Freehold house which sold for £195,400 in Jan 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spruce Avenue, Colchester, CO4 has a total of 56 addresses. According to our analysis of all the public data, 5, Spruce Avenue, Colchester is the 34th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in CO4.
5, Spruce Avenue, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jun 2023.
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, Spruce Avenue, Colchester is Hythe (Essex) 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, Spruce Avenue, Colchester, 35.3% of property is socially rented and 22.1% 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, Spruce Avenue, Colchester, 35.2% of residents are recorded as possessing school level qualifications and 17.3% 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, Spruce Avenue, Colchester, the average age was 32.8 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 5, Spruce Avenue, 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, Spruce Avenue, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.