According to the public record, 9 Roman Wall, Colchester is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Roman Wall, Shortcut Road, Colchester, CO1.
Shortcut Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
9 Roman Wall, Colchester has 2 entries in the Land Registry database, most recently in June 2020 and a single entry in the EPC database dated December 2019.
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 Roman Wall Colchester as £186,096 and the rental value as £974 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 9 Roman Wall Colchester has increased by £1,055 (0.6%) and its rental value has increased by £86 per month (8.9%).
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 Roman Wall, Colchester is in very good condition we estimate a sale value of £195,401 and rental value of £1,023 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £173,069 and a rental value of £906 per month.
If you were able to purchase this property for the estimated value of £186,096, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £915 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 Roman Wall, Colchester was last sold on 26 Jun 2020 for £170,050 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2020, the market for similar properties has risen 9.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9 Roman Wall, Colchester within a radius of 440 metres over the last 2 years.
The most recent example is 20 Northgate House, St. Peters Street, Colchester, CO1 1LQ, a Leasehold flat which sold for £235,000 in Dec 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shortcut Road, Colchester, CO1 has a total of 21 addresses. According to our analysis of all the public data, 9 Roman Wall, Colchester is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in CO1.
9 Roman Wall, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Dec 2019.
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 9 Roman Wall, Colchester is Colchester Town station which is 800 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 Roman Wall, Colchester, 50.3% of property is privately rented and 21.9% is privately owned outright.
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 Roman Wall, Colchester, 12.5% of residents are recorded as possessing school level qualifications and 44.6% 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 Roman Wall, 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 9 Roman Wall, Colchester, 0.7% 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 Roman Wall, Colchester, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.