According to the public record, 78, Layer Road, Colchester is a early-century house with 1,011 ft2 of internal area and sits on a 439 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Layer Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
78, Layer Road, Colchester has no records in the Land Registry database and a single entry in the EPC database dated March 2014.
We combine this information with public data 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 78 Layer Road Colchester as £349,880 and the rental value as £1,383 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 78 Layer Road Colchester has decreased by £5,126 (1.5%) and its rental value has increased by £89 per month (6.5%).
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 78, Layer Road, Colchester is in very good condition we estimate a sale value of £367,375 and rental value of £1,452 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,389 and a rental value of £1,286 per month.
If you were able to purchase this property for the estimated value of £349,880, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,720 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, 78, Layer Road, Colchester sits on a plot of 439m2.
We have plot size data on 14 out of 30 other houses in the postcode and 78, Layer Road, Colchester sits on the 10th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Layer Road, Colchester within a radius of 710 metres over the last 2 years.
The most recent example is 94, Layer Road, Colchester, CO2 7JN, a Freehold house which sold for £340,000 in Jul 2020.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Layer Road, Colchester, CO2 has a total of 234 addresses. According to our analysis of all the public data, 78, Layer Road, Colchester is the 75th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £88k more expensive than the average property in CO2.
78, Layer Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Mar 2014.
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 78, Layer Road, Colchester is Colchester Town station which is 2.0 kilometres 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 78, Layer Road, Colchester, 45.7% of property is privately owned outright and 43.3% 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 78, Layer Road, Colchester, 19.9% of residents are recorded as possessing school level qualifications and 33.5% 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 78, Layer Road, Colchester, the average age was 37.4 and the most common age was 47.
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 78, Layer Road, 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 78, Layer Road, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.