According to the public record, 7 Abbey Court, Colchester is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Abbey Court, Meyrick Crescent, Colchester, CO2.
Meyrick Crescent, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
7 Abbey Court, Colchester has 2 entries in the Land Registry database, most recently in July 2019 and a single entry in the EPC database dated May 2019.
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 7 Abbey Court Colchester as £186,044 and the rental value as £963 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 7 Abbey Court Colchester has increased by £790 (0.4%) and its rental value has increased by £90 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 7 Abbey Court, Colchester is in very good condition we estimate a sale value of £195,347 and rental value of £1,011 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £173,021 and a rental value of £895 per month.
If you were able to purchase this property for the estimated value of £186,044, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £914 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, 7 Abbey Court, Colchester was last sold on 08 Jul 2019 for £153,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2019, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Abbey Court, Colchester within a radius of 520 metres over the last 2 years.
The most recent example is 12, Ypres Road, Colchester, CO2 7UW, a Leasehold flat which sold for £170,000 in May 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meyrick Crescent, Colchester, CO2 has a total of 73 addresses. According to our analysis of all the public data, 7 Abbey Court, Colchester is the 50th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in CO2.
7 Abbey Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 May 2019.
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 7 Abbey Court, Colchester is Colchester Town station which is 800 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 7 Abbey Court, Colchester, 42.0% of property is socially rented and 21.0% 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 7 Abbey Court, Colchester, 20.4% of residents are recorded as possessing school level qualifications and 26.9% 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 7 Abbey Court, Colchester, the average age was 37.2 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 7 Abbey Court, 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 7 Abbey Court, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.