According to the public record, 48A, Military Road, Colchester is a period apartment with 355 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 48, Military Road, Colchester, CO1.
Military Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
48A, Military Road, Colchester has no records in the Land Registry database and a single entry in the EPC database dated June 2018.
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 48A Military Road Colchester as £116,305 and the rental value as £552 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 48A Military Road Colchester has increased by £142 (0.1%) and its rental value has increased by £50 per month (9.0%).
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 48A, Military Road, Colchester is in very good condition we estimate a sale value of £122,120 and rental value of £580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,164 and a rental value of £513 per month.
If you were able to purchase this property for the estimated value of £116,305, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £572 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48A, Military Road, Colchester within a radius of 330 metres over the last 2 years.
The most recent example is Flat 14, Tymperley Court, Winnock Road, Colchester, CO1 2BG, a Leasehold flat which sold for £94,800 in Jan 2017.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Military Road, Colchester, CO1 has a total of 259 addresses. According to our analysis of all the public data, 48A, Military Road, Colchester is the 218th largest and the 246th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in CO1.
48A, Military Road, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Jun 2018.
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 48A, Military Road, Colchester is Colchester Town station which is 500 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 48A, Military Road, Colchester, 61.8% of property is privately rented and 21.8% is socially rented.
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 48A, Military Road, Colchester, 27.2% of residents are recorded as possessing school level qualifications and 27.6% 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 48A, Military Road, 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 48A, Military 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 48A, Military Road, 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.