According to the public record, 58, Salary Close, Colchester is a mid-century freehold house with 828 ft2 of internal area and sits on a 234 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Salary Close, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
58, Salary Close, Colchester has 61 entries in the Land Registry database, most recently in March 2015 and a single entry in the EPC database dated June 2014.
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 58 Salary Close Colchester as £331,010 and the rental value as £1,406 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 58 Salary Close Colchester has decreased by £2,765 (0.8%) and its rental value has increased by £80 per month (5.7%).
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 58, Salary Close, Colchester is in very good condition we estimate a sale value of £347,561 and rental value of £1,476 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £307,840 and a rental value of £1,308 per month.
If you were able to purchase this property for the estimated value of £331,010, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,627 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, 58, Salary Close, Colchester sits on a plot of 234m2.
We have plot size data on 35 out of 53 other houses in the postcode and 58, Salary Close, Colchester sits on the 30th largest plot.
According to HM Land Registry, 58, Salary Close, Colchester was last sold on 20 Mar 2015 for £186,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Mar 2015, the market for similar properties has risen 42.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Salary Close, Colchester within a radius of 620 metres over the last 2 years.
The most recent example is 8, Grayling Drive, Colchester, CO4 3EN, a Freehold house which sold for £320,000 in Feb 2022.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salary Close, Colchester, CO4 has a total of 53 addresses. According to our analysis of all the public data, 58, Salary Close, Colchester is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £24k more expensive than the average property in CO4.
58, Salary Close, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jun 2014.
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 58, Salary Close, Colchester is Hythe (Essex) station which is 1.5 kilometres 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 58, Salary Close, Colchester, 57.3% of property is privately owned outright and 31.9% 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 58, Salary Close, Colchester, 11.6% of residents are recorded as possessing school level qualifications and 29.7% 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 58, Salary Close, Colchester, the average age was 43 and the most common age was 52.
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 58, Salary Close, Colchester, 0.0% 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 58, Salary Close, 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.