According to the public record, 7 Colne Court, Colchester is a mid-century leasehold apartment and with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Colne Court, High Street, Rowhedge, Colchester, CO5.
High Street, Rowhedge, Colchester, CO5 is located in the borough of Colchester within the CO5 postal district.
7 Colne Court, Colchester has 41 entries in the Land Registry database, most recently in April 2022 and 2 entries in the EPC database, most recently in January 2022.
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 Colne Court Colchester as £205,279 and the rental value as £990 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 7 Colne Court Colchester has increased by £921 (0.4%) and its rental value has increased by £89 per month (9.0%).
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 Colne Court, Colchester is in very good condition we estimate a sale value of £215,543 and rental value of £1,039 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £190,909 and a rental value of £921 per month.
If you were able to purchase this property for the estimated value of £205,279, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,009 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 Colne Court, Colchester was last sold on 28 Apr 2022 for £207,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2022, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Colne Court, Colchester within a radius of 197m over the last 2 years.
The most recent example is 7, Iona Walk, Colchester, CO5 7JD, a Leasehold flat which sold for £180,000 in Feb 2024.
Read more about house prices in CO5.
High Street, Rowhedge, Colchester, CO5 has a total of 84 addresses. According to our analysis of all the public data, 7 Colne Court, Colchester is the 82nd largest and the 80th most expensive property on the street.
When compared to the postcode district it is £216k less expensive than the average property in CO5.
7 Colne Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jan 2022.
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 Colne Court, Colchester is Wivenhoe station which is 600 m 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 Colne Court, Colchester, 49.6% of property is privately owned with a mortgage and 40.9% 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 Colne Court, Colchester, 26.4% of residents are recorded as possessing school level qualifications and 50.4% 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 Colne Court, Colchester, the average age was 40 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 Colne Court, Colchester, 0.3% 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 Colne Court, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.