According to the public record, 8, Garrison Parade, Colchester is a modern freehold house and with 1,237 ft2 of internal area and sits on a 182 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Garrison Parade, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
8, Garrison Parade, Colchester has a single entry in the Land Registry database from May 2015 and a single entry in the EPC database dated May 2015.
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 Garrison Parade Colchester as £330,866 and the rental value as £1,440 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 8 Garrison Parade Colchester has decreased by £5,249 (1.6%) and its rental value has increased by £103 per month (7.1%).
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, Garrison Parade, Colchester is in very good condition we estimate a sale value of £347,409 and rental value of £1,512 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £307,705 and a rental value of £1,339 per month.
If you were able to purchase this property for the estimated value of £330,866, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,626 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, 8, Garrison Parade, Colchester sits on a plot of 182m2.
We have plot size data on 32 out of 32 other houses in the postcode and 8, Garrison Parade, Colchester sits on the 8th largest plot.
According to HM Land Registry, 8, Garrison Parade, Colchester was last sold on 22 May 2015 for £229,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2015, the market for similar properties has risen 37.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Garrison Parade, Colchester within a radius of 49m over the last 2 years.
The most recent example is 22, Garrison Parade, Colchester, CO2 7GJ, a Freehold house which sold for £346,000 in Feb 2023.
Read more about house prices in CO2.
Garrison Parade, Colchester, CO2 has a total of 32 addresses. According to our analysis of all the public data, 8, Garrison Parade, Colchester is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £69k more expensive than the average property in CO2.
8, Garrison Parade, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 May 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 8, Garrison Parade, Colchester is Colchester Town station which is 500 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 8, Garrison Parade, Colchester, 41.6% of property is privately rented and 24.6% is socially 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 8, Garrison Parade, Colchester, 24.8% of residents are recorded as possessing school level qualifications and 35.5% 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 8, Garrison Parade, 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 8, Garrison Parade, Colchester, 0.4% 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, Garrison Parade, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.