According to the public record, 108A, Layer Road, Colchester is a mid-century house with 1,065 ft2 of internal area and sits on a 1,425 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Layer Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
108A, Layer Road, Colchester has no records in the Land Registry database and a single entry in the EPC database dated June 2019.
We combine this information with public data 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 108A Layer Road Colchester as £367,855 and the rental value as £1,436 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 108A Layer Road Colchester has decreased by £5,389 (1.5%) and its rental value has increased by £93 per month (6.5%).
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 108A, Layer Road, Colchester is in very good condition we estimate a sale value of £386,247 and rental value of £1,507 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £342,105 and a rental value of £1,335 per month.
If you were able to purchase this property for the estimated value of £367,855, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,808 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, 108A, Layer Road, Colchester sits on a plot of 1425m2.
We have plot size data on 14 out of 30 other houses in the postcode and 108A, Layer Road, Colchester sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 108A, Layer Road, Colchester within a radius of 710 metres over the last 2 years.
The most recent example is 3, Cannons Close, Colchester, CO2 7JG, a Freehold house which sold for £370,000 in Mar 2024.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Layer Road, Colchester, CO2 has a total of 234 addresses. According to our analysis of all the public data, 108A, Layer Road, Colchester is the 47th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £106k more expensive than the average property in CO2.
108A, Layer Road, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Jun 2019.
The property is not connected to mains gas and has partial double glazing. It is heated using an oil fired boiler and radiators.
The closest station to 108A, Layer Road, Colchester is Colchester Town station which is 2.0 kilometres 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 108A, Layer Road, Colchester, 45.7% of property is privately owned outright and 43.3% 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 108A, Layer Road, Colchester, 19.9% of residents are recorded as possessing school level qualifications and 33.5% 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 108A, Layer 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 108A, Layer Road, 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 108A, Layer Road, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.