According to the public record, 8, Garland Road, Colchester is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Garland Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
8, Garland Road, Colchester has a single entry in the Land Registry database from November 2023 and a single entry in the EPC database dated July 2020.
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 8 Garland Road Colchester as £195,943 and the rental value as £904 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 8 Garland Road Colchester has increased by £2,588 (1.3%) and its rental value has increased by £91 per month (10.1%).
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 8, Garland Road, Colchester is in very good condition we estimate a sale value of £205,740 and rental value of £949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,227 and a rental value of £841 per month.
If you were able to purchase this property for the estimated value of £195,943, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £963 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, 8, Garland Road, Colchester was last sold on 30 Nov 2023 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2023, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Garland Road, Colchester within a radius of 520 metres over the last 2 years.
The most recent example is 25 Whitworth House, Stable Road, Colchester, CO2 7TL, a Leasehold flat which sold for £190,000 in Mar 2024.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Garland Road, Colchester, CO2 has a total of 102 addresses. According to our analysis of all the public data, 8, Garland Road, Colchester is the 91st largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in CO2.
8, Garland Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jul 2020.
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 8, Garland Road, Colchester is Colchester Town 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 8, Garland Road, Colchester, 61.7% of property is privately owned outright and 26.7% 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 8, Garland Road, Colchester, 13.1% of residents are recorded as possessing school level qualifications and 35.2% 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 8, Garland 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 8, Garland Road, Colchester, 2.0% 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 8, Garland Road, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.