According to the public record, 55, Albion Street, Colchester is a period freehold house and with 882 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Albion Street, Rowhedge, Colchester, CO5 is located in the borough of Colchester within the CO5 postal district.
55, Albion Street, Colchester has a single entry in the Land Registry database from February 2023 and 2 entries in the EPC database, most recently in 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 55 Albion Street Colchester as £310,679 and the rental value as £1,466 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 55 Albion Street Colchester has decreased by £3,584 (1.2%) and its rental value has increased by £107 per month (7.3%).
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 55, Albion Street, Colchester is in very good condition we estimate a sale value of £326,213 and rental value of £1,539 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £288,932 and a rental value of £1,364 per month.
If you were able to purchase this property for the estimated value of £310,679, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,527 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, 55, Albion Street, Colchester was last sold on 17 Feb 2023 for £260,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Albion Street, Colchester within a radius of 107m over the last 2 years.
The most recent example is 12, Parkfield Street, Colchester, CO5 7EL, a Freehold house which sold for £305,000 in Jul 2023.
Read more about house prices in CO5.
Albion Street, Rowhedge, Colchester, CO5 has a total of 49 addresses. According to our analysis of all the public data, 55, Albion Street, Colchester is the 15th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in CO5.
55, Albion Street, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Sep 2022.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 55, Albion Street, 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 55, Albion Street, 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 55, Albion Street, 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 55, Albion Street, 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 55, Albion Street, 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 55, Albion Street, 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.