According to the public record, 8, Lichfield Close, Colchester is a mid-century freehold house with 839 ft2 of internal area and sits on a 175 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lichfield Close, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
8, Lichfield Close, Colchester has a single entry in the Land Registry database from December 2008 and a single entry in the EPC database dated January 2014.
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 Lichfield Close Colchester as £277,508 and the rental value as £1,297 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 8 Lichfield Close Colchester has decreased by £3,456 (1.2%) and its rental value has increased by £66 per month (5.1%).
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, Lichfield Close, Colchester is in very good condition we estimate a sale value of £291,383 and rental value of £1,362 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,082 and a rental value of £1,206 per month.
If you were able to purchase this property for the estimated value of £277,508, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,364 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, Lichfield Close, Colchester sits on a plot of 175m2.
We have plot size data on 5 out of 7 other houses in the postcode and 8, Lichfield Close, Colchester sits on the 4th largest plot.
According to HM Land Registry, 8, Lichfield Close, Colchester was last sold on 08 Dec 2008 for £160,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2008, the market for similar properties has risen 89.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Lichfield Close, Colchester within a radius of 570 metres over the last 2 years.
The most recent example is 18, Hereford Road, Colchester, CO1 2RD, a Freehold house which sold for £272,500 in Apr 2024.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lichfield Close, Colchester, CO1 has a total of 7 addresses. According to our analysis of all the public data, 8, Lichfield Close, Colchester is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £15k more expensive than the average property in CO1.
8, Lichfield Close, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jan 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 8, Lichfield Close, Colchester is Colchester Town 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 8, Lichfield Close, Colchester, 42.9% of property is privately owned outright and 42.0% 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, Lichfield Close, Colchester, 23.9% of residents are recorded as possessing school level qualifications and 30.1% 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, Lichfield Close, Colchester, the average age was 40 and the most common age was 27.
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, Lichfield Close, 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 8, Lichfield Close, 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.