According to the public record, 5 The Old School House, Colchester is a period Leasehold apartment and with 584 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Old School House, Church Street, Rowhedge, Colchester, CO5.
Church Street, Rowhedge, Colchester, CO5 is located in the borough of Colchester within the CO5 postal district.
5 The Old School House, Colchester has a single entry in the Land Registry database from October 2023 and 2 entries in the EPC database, most recently in June 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 The Old School House Colchester as £161,139 and the rental value as £957 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 5 The Old School House Colchester has increased by £723 (0.4%) and its rental value has increased by £86 per month (9.0%).
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 The Old School House, Colchester is in very good condition we estimate a sale value of £169,196 and rental value of £1,004 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,859 and a rental value of £890 per month.
If you were able to purchase this property for the estimated value of £161,139, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £792 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 HM Land Registry, 5 The Old School House, Colchester was last sold on 19 Oct 2023 for £181,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2023, the market for similar properties has risen 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 The Old School House, Colchester within a radius of 176m over the last 2 years.
The most recent example is 2, Darkhouse Lane, Colchester, CO5 7HJ, a Leasehold flat which sold for £160,000 in Nov 2021.
Read more about house prices in CO5.
Church Street, Rowhedge, Colchester, CO5 has a total of 29 addresses. According to our analysis of all the public data, 5 The Old School House, Colchester is the 25th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £260k less expensive than the average property in CO5.
5 The Old School House, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Jun 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 5 The Old School House, Colchester is Wivenhoe station which is 600 m 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 The Old School House, Colchester, 40.9% of property is privately owned outright and 40.9% 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 The Old School House, Colchester, 10.6% of residents are recorded as possessing school level qualifications and 40.2% 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 The Old School House, Colchester, the average age was 40 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 The Old School House, Colchester, 2.4% 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 The Old School House, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.