According to the public record, 17A, West Street, Colchester is a mid-century Leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 17, West Street, Colchester, CO2.
West Street, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
17A, West Street, Colchester has a single entry in the Land Registry database from April 2015 and a single entry in the EPC database dated April 2022.
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 17A West Street Colchester as £156,999 and the rental value as £911 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 17A West Street Colchester has increased by £1,929 (1.2%) and its rental value has increased by £93 per month (10.2%).
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 17A, West Street, Colchester is in very good condition we estimate a sale value of £164,849 and rental value of £957 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,009 and a rental value of £847 per month.
If you were able to purchase this property for the estimated value of £156,999, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £772 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, 17A, West Street, Colchester was last sold on 13 Apr 2015 for £134,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2015, the market for similar properties has risen 31.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17A, West Street, Colchester within a radius of 460 metres over the last 2 years.
The most recent example is Flat 12, Crown House 34-38, Southway, Colchester, CO2 7FA, a Leasehold flat which sold for £160,000 in Mar 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Street, Colchester, CO2 has a total of 30 addresses. According to our analysis of all the public data, 17A, West Street, Colchester is the 22nd largest and the 28th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in CO2.
17A, West Street, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Apr 2022.
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 17A, West Street, Colchester is Colchester Town station which is 600 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 17A, West Street, Colchester, 52.4% of property is privately rented and 18.4% 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 17A, West Street, Colchester, 15.5% of residents are recorded as possessing school level qualifications and 36.2% 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 17A, West Street, 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 17A, West Street, 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 17A, West Street, Colchester, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.