According to the public record, 29A, Greenstead Road, Colchester is a period leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 29, Greenstead Road, Colchester, CO1.
Greenstead Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
29A, Greenstead Road, Colchester has a single entry in the Land Registry database from June 2008 and a single entry in the EPC database dated February 2021.
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 29A Greenstead Road Colchester as £100,333 and the rental value as £647 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 29A Greenstead Road Colchester has increased by £318 (0.3%) and its rental value has increased by £53 per month (8.2%).
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 29A, Greenstead Road, Colchester is in very good condition we estimate a sale value of £105,350 and rental value of £679 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,310 and a rental value of £601 per month.
If you were able to purchase this property for the estimated value of £100,333, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £493 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, 29A, Greenstead Road, Colchester was last sold on 20 Jun 2008 for £71,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2008, the market for similar properties has risen 45.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29A, Greenstead Road, Colchester within a radius of 550 metres over the last 2 years.
The most recent example is 12, Orchard Gardens, Colchester, CO4 0XB, a Leasehold flat which sold for £90,000 in Dec 2021.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greenstead Road, Colchester, CO1 has a total of 351 addresses. According to our analysis of all the public data, 29A, Greenstead Road, Colchester is the 324th largest and the 344th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in CO1.
29A, Greenstead Road, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Feb 2021.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 29A, Greenstead Road, Colchester is Hythe (Essex) 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 29A, Greenstead Road, Colchester, 40.3% of property is privately rented and 27.9% 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 29A, Greenstead Road, Colchester, 23.0% of residents are recorded as possessing school level qualifications and 31.1% 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 29A, Greenstead Road, 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 29A, Greenstead Road, Colchester, 2.5% 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 29A, Greenstead Road, Colchester, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.