According to the public record, 12A, Rayleigh Close, Colchester is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 12, Rayleigh Close, Colchester, CO4.
Rayleigh Close, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
12A, Rayleigh Close, Colchester has 2 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated January 2013.
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 12A Rayleigh Close Colchester as £157,238 and the rental value as £895 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 12A Rayleigh Close Colchester has increased by £1,118 (0.7%) and its rental value has increased by £59 per month (6.6%).
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 12A, Rayleigh Close, Colchester is in very good condition we estimate a sale value of £165,100 and rental value of £940 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,231 and a rental value of £832 per month.
If you were able to purchase this property for the estimated value of £157,238, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £773 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, 12A, Rayleigh Close, Colchester was last sold on 21 Jun 2023 for £137,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2023, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12A, Rayleigh Close, Colchester within a radius of 670 metres over the last 2 years.
The most recent example is 14, Rayleigh Close, Colchester, CO4 0AT, a Leasehold flat which sold for £180,000 in Aug 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rayleigh Close, Colchester, CO4 has a total of 22 addresses. According to our analysis of all the public data, 12A, Rayleigh Close, Colchester is the 10th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in CO4.
12A, Rayleigh Close, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jan 2013.
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 12A, Rayleigh Close, Colchester is Hythe (Essex) station which is 1.5 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 12A, Rayleigh Close, Colchester, 37.0% of property is privately owned outright and 35.2% 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 12A, Rayleigh Close, Colchester, 13.6% of residents are recorded as possessing school level qualifications and 26.1% 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 12A, Rayleigh Close, Colchester, the average age was 43 and the most common age was 52.
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 12A, Rayleigh Close, Colchester, 0.3% 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 12A, Rayleigh 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.