According to the public record, 56 Whitworth House, Colchester is a modern leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Whitworth House, Stable Road, Colchester, CO2.
Stable Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
56 Whitworth House, Colchester has a single entry in the Land Registry database from December 2016 and a single entry in the EPC database dated April 2017.
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 Whitworth House Colchester as £227,762 and the rental value as £1,068 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 56 Whitworth House Colchester has increased by £4,180 (1.8%) and its rental value has increased by £114 per month (10.7%).
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 56 Whitworth House, Colchester is in very good condition we estimate a sale value of £239,150 and rental value of £1,122 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £211,819 and a rental value of £993 per month.
If you were able to purchase this property for the estimated value of £227,762, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,119 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 Whitworth House, Colchester was last sold on 23 Dec 2016 for £234,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2016, the market for similar properties has risen 11.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56 Whitworth House, Colchester within a radius of 570 metres over the last 2 years.
The most recent example is 16 Stephenson House, Cavalry Road, Colchester, CO2 7BZ, a Leasehold flat which sold for £238,000 in May 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stable Road, Colchester, CO2 has a total of 76 addresses. According to our analysis of all the public data, 56 Whitworth House, Colchester is the 11th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in CO2.
56 Whitworth House, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Apr 2017.
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 56 Whitworth House, Colchester is Colchester Town station which is 700 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 Whitworth House, Colchester, 61.7% of property is privately owned outright and 26.7% 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 56 Whitworth House, Colchester, 13.1% of residents are recorded as possessing school level qualifications and 35.2% 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 56 Whitworth House, 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 Whitworth House, Colchester, 2.0% 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 Whitworth House, 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.