According to the public record, 5, Victoria Avenue, Colchester is a modern freehold house with 1,506 ft2 of internal area and sits on a 528 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Victoria Avenue, Alresford, Colchester, CO7 is located in the borough of Tendring within the CO7 postal district.
5, Victoria Avenue, Colchester has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated April 2021.
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 good condition, we estimate the current sale value for 5 Victoria Avenue Colchester as £456,193 and the rental value as £1,922 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 5 Victoria Avenue Colchester has decreased by £9,361 (2.1%) and its rental value has increased by £147 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, Victoria Avenue, Colchester is in very good condition we estimate a sale value of £479,003 and rental value of £2,018 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £424,260 and a rental value of £1,788 per month.
If you were able to purchase this property for the estimated value of £456,193, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,242 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, Victoria Avenue, Colchester sits on a plot of 528m2.
We have plot size data on 15 out of 16 other houses in the postcode and 5, Victoria Avenue, Colchester sits on the 2nd largest plot.
According to HM Land Registry, 5, Victoria Avenue, Colchester was last sold on 11 Jun 2021 for £399,050 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Victoria Avenue, Colchester within a radius of 2.3 kilometres over the last 2 years.
The most recent example is 22, Victoria Avenue, Colchester, CO7 8GL, a Freehold house which sold for £425,000 in Aug 2021.
Read more about house prices in CO7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Avenue, Alresford, Colchester, CO7 has a total of 16 addresses. According to our analysis of all the public data, 5, Victoria Avenue, Colchester is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £65k more expensive than the average property in CO7.
5, Victoria Avenue, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Apr 2021.
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, Victoria Avenue, Colchester is Alresford (Essex) station which is 300 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, Victoria Avenue, Colchester, 58.3% of property is privately owned outright and 36.5% 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, Victoria Avenue, Colchester, 11.7% of residents are recorded as possessing school level qualifications and 31.3% 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, Victoria Avenue, Colchester, the average age was 45.8 and the most common age was 72.
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, Victoria Avenue, Colchester, 0.6% 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, Victoria Avenue, Colchester, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.