According to the public record, 56, Salisbury Avenue, Colchester is a modern leasehold apartment with 626 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Salisbury Avenue, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
56, Salisbury Avenue, Colchester has 3 entries in the Land Registry database, most recently in June 2019 and a single entry in the EPC database dated November 2011.
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 56 Salisbury Avenue Colchester as £198,527 and the rental value as £935 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 56 Salisbury Avenue Colchester has increased by £1,867 (0.9%) and its rental value has increased by £88 per month (9.4%).
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 56, Salisbury Avenue, Colchester is in very good condition we estimate a sale value of £208,453 and rental value of £981 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,630 and a rental value of £869 per month.
If you were able to purchase this property for the estimated value of £198,527, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £976 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, 56, Salisbury Avenue, Colchester was last sold on 21 Jun 2019 for £169,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2019, the market for similar properties has risen 12.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Salisbury Avenue, Colchester within a radius of 500 metres over the last 2 years.
The most recent example is 76, Garland Road, Colchester, CO2 7GD, a Leasehold flat which sold for £215,000 in Aug 2022.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salisbury Avenue, Colchester, CO3 has a total of 72 addresses. According to our analysis of all the public data, 56, Salisbury Avenue, Colchester is the 62nd largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £176k less expensive than the average property in CO3.
56, Salisbury Avenue, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Nov 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 56, Salisbury Avenue, Colchester is Colchester Town station which is 900 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 56, Salisbury Avenue, Colchester, 35.3% of property is privately rented and 32.8% 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 56, Salisbury Avenue, Colchester, 20.6% of residents are recorded as possessing school level qualifications and 58.5% 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 56, Salisbury Avenue, Colchester, the average age was 37.4 and the most common age was 47.
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 56, Salisbury Avenue, Colchester, 2.3% 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 56, Salisbury Avenue, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.