According to the public record, 9, Connaught Close, Colchester is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Connaught Close, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
9, Connaught Close, Colchester has a single entry in the Land Registry database from January 2007 and a single entry in the EPC database dated December 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 9 Connaught Close Colchester as £155,232 and the rental value as £879 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 9 Connaught Close Colchester has increased by £951 (0.6%) and its rental value has increased by £81 per month (9.2%).
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 9, Connaught Close, Colchester is in very good condition we estimate a sale value of £162,994 and rental value of £923 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £144,366 and a rental value of £817 per month.
If you were able to purchase this property for the estimated value of £155,232, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £763 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, 9, Connaught Close, Colchester was last sold on 22 Jan 2007 for £172,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has risen 29.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Connaught Close, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 18, Haddon Park, Colchester, CO1 2GX, a Leasehold flat which sold for £165,000 in Jun 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Connaught Close, Colchester, CO1 has a total of 18 addresses. According to our analysis of all the public data, 9, Connaught Close, Colchester is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in CO1.
9, Connaught Close, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Dec 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 9, Connaught Close, Colchester is Hythe (Essex) station which is 400 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 9, Connaught Close, 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 9, Connaught Close, 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 9, Connaught Close, 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 9, Connaught Close, 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 9, Connaught Close, 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.