According to the public record, 73, New Park Street, Colchester is a period freehold house with 667 ft2 of internal area and sits on a 58.3 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
New Park Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
73, New Park Street, Colchester has 31 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated May 2018.
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 73 New Park Street Colchester as £198,201 and the rental value as £1,055 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 73 New Park Street Colchester has decreased by £1,814 (0.9%) and its rental value has increased by £83 per month (7.8%).
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 73, New Park Street, Colchester is in very good condition we estimate a sale value of £208,111 and rental value of £1,108 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,327 and a rental value of £981 per month.
If you were able to purchase this property for the estimated value of £198,201, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £974 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, 73, New Park Street, Colchester sits on a plot of 58m2.
We have plot size data on 49 out of 68 other houses in the postcode and 73, New Park Street, Colchester sits on the 35th largest plot.
According to HM Land Registry, 73, New Park Street, Colchester was last sold on 26 Mar 2020 for £163,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2020, the market for similar properties has risen 14.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 73, New Park Street, Colchester within a radius of 440 metres over the last 2 years.
The most recent example is 60, Victor Road, Colchester, CO1 2LX, a Freehold house which sold for £225,000 in Aug 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Park Street, Colchester, CO1 has a total of 68 addresses. According to our analysis of all the public data, 73, New Park Street, Colchester is the 43rd largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in CO1.
73, New Park Street, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 May 2018.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 73, New Park Street, Colchester is Hythe (Essex) station which is 700 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 73, New Park Street, Colchester, 46.5% of property is privately rented and 32.9% 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 73, New Park Street, Colchester, 21.5% of residents are recorded as possessing school level qualifications and 39.5% 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 73, New Park Street, Colchester, the average age was 33.3 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 73, New Park Street, 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 73, New Park Street, Colchester, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.