According to the public record, 31A, Lexden Road, Colchester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 1,407 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 31, Lexden Road, Colchester, CO3.
Lexden Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
31A, Lexden Road, Colchester has 31 entries in the Land Registry database, most recently in March 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 31A Lexden Road Colchester as £538,335 and the rental value as £2,185 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 31A Lexden Road Colchester has increased by £7,532 (1.4%) and its rental value has increased by £202 per month (9.3%).
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 31A, Lexden Road, Colchester is in very good condition we estimate a sale value of £565,252 and rental value of £2,294 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £500,651 and a rental value of £2,032 per month.
If you were able to purchase this property for the estimated value of £538,335, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,646 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, 31A, Lexden Road, Colchester was last sold on 12 Mar 2010 for £495,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2010, the market for similar properties has risen 48.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 31A, Lexden Road, Colchester within a radius of 570 metres over the last 2 years.
The most recent example is 11, Handford Place, Colchester, CO3 3NY, a Leasehold flat which sold for £465,000 in Jun 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lexden Road, Colchester, CO3 has a total of 218 addresses. According to our analysis of all the public data, 31A, Lexden Road, Colchester is the 112th largest and the 108th most expensive property on the street.
When compared to the postcode district it is £164k more expensive than the average property in CO3.
The closest station to 31A, Lexden Road, Colchester is Colchester Town station which is 1.3 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 31A, Lexden Road, Colchester, 38.4% of property is privately owned with a mortgage and 30.1% 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 31A, Lexden Road, Colchester, 19.6% of residents are recorded as possessing school level qualifications and 48.2% 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 31A, Lexden Road, 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 31A, Lexden Road, Colchester, 1.1% 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 31A, Lexden Road, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.