According to the public record, 68, Victoria Chase, Colchester is a modern leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Victoria Chase, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
68, Victoria Chase, Colchester has 31 entries in the Land Registry database, most recently in May 2019 and a single entry in the EPC database dated June 2021.
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 68 Victoria Chase Colchester as £121,728 and the rental value as £684 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 68 Victoria Chase Colchester has increased by £426 (0.3%) and its rental value has increased by £50 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 68, Victoria Chase, Colchester is in very good condition we estimate a sale value of £127,815 and rental value of £718 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,207 and a rental value of £636 per month.
If you were able to purchase this property for the estimated value of £121,728, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £598 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, 68, Victoria Chase, Colchester was last sold on 15 May 2019 for £117,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2019, the market for similar properties has risen 11.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 68, Victoria Chase, Colchester within a radius of 510 metres over the last 2 years.
The most recent example is 26, Victoria Chase, Colchester, CO1 1WN, a Leasehold flat which sold for £112,500 in Jan 2020.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Chase, Colchester, CO1 has a total of 156 addresses. According to our analysis of all the public data, 68, Victoria Chase, Colchester is the 156th largest and the 156th most expensive property on the street.
When compared to the postcode district it is £141k less expensive than the average property in CO1.
68, Victoria Chase, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jun 2021.
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 68, Victoria Chase, Colchester is Colchester station which is 600 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 68, Victoria Chase, Colchester, 56.9% of property is privately rented and 20.0% 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 68, Victoria Chase, Colchester, 18.3% of residents are recorded as possessing school level qualifications and 45.2% 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 68, Victoria Chase, Colchester, the average age was 40 and the most common age was 27.
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 68, Victoria Chase, 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 68, Victoria Chase, Colchester, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.