According to the public record, 5, Victoria Place, Colchester is a period freehold house with 602 ft2 of internal area and sits on a 79.5 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Victoria Place, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
5, Victoria Place, Colchester has 61 entries in the Land Registry database, most recently in February 2016 and a single entry in the EPC database dated December 2019.
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 Victoria Place Colchester as £217,551 and the rental value as £1,061 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 5 Victoria Place Colchester has decreased by £1,422 (0.7%) and its rental value has increased by £86 per month (8.1%).
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, Victoria Place, Colchester is in very good condition we estimate a sale value of £228,428 and rental value of £1,114 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,322 and a rental value of £986 per month.
If you were able to purchase this property for the estimated value of £217,551, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,069 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 Place, Colchester sits on a plot of 80m2.
We have plot size data on 9 out of 11 other houses in the postcode and 5, Victoria Place, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 5, Victoria Place, Colchester was last sold on 05 Feb 2016 for £127,500 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Feb 2016, the market for similar properties has risen 27.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Victoria Place, Colchester within a radius of 390 metres over the last 2 years.
The most recent example is 49, Barrack Street, Colchester, CO1 2LL, a Freehold house which sold for £170,000 in Sep 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Place, Colchester, CO1 has a total of 11 addresses. According to our analysis of all the public data, 5, Victoria Place, Colchester is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in CO1.
5, Victoria Place, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Dec 2019.
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, Victoria Place, Colchester is Colchester Town station which is 800 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 Place, Colchester, 50.7% of property is privately rented and 25.4% 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 Place, Colchester, 24.7% of residents are recorded as possessing school level qualifications and 30.3% 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 Place, Colchester, the average age was 33.3 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, Victoria Place, Colchester, 1.4% 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, Victoria Place, 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.