According to the public record, 7, Azalea Court, Colchester is a mid-century leasehold apartment with 686 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Azalea Court, Sycamore Road, Colchester, CO4.
Sycamore Road, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
7, Azalea Court, Colchester has 3 entries in the Land Registry database, most recently in May 2019 and a single entry in the EPC database dated September 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 7 Azalea Court Colchester as £143,013 and the rental value as £852 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 7 Azalea Court Colchester has increased by £515 (0.4%) and its rental value has increased by £57 per month (6.7%).
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 7, Azalea Court, Colchester is in very good condition we estimate a sale value of £150,163 and rental value of £894 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £133,002 and a rental value of £792 per month.
If you were able to purchase this property for the estimated value of £143,013, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £703 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, Azalea Court, Colchester was last sold on 31 May 2019 for £130,000 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 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Azalea Court, Colchester within a radius of 540 metres over the last 2 years.
The most recent example is 26, Forest Road, Colchester, CO4 3RL, a Leasehold flat which sold for £160,000 in Feb 2024.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sycamore Road, Colchester, CO4 has a total of 90 addresses. According to our analysis of all the public data, 7, Azalea Court, Colchester is the 80th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in CO4.
7, Azalea Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Sep 2011.
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, Azalea Court, Colchester is Hythe (Essex) 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 7, Azalea Court, Colchester, 59.7% of property is socially rented and 15.3% is privately rented.
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, Azalea Court, Colchester, 20.9% of residents are recorded as possessing school level qualifications and 15.5% 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 7, Azalea Court, Colchester, the average age was 32.8 and the most common age was 22.
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, Azalea 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, Azalea Court, 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.