According to the public record, 86C, London Road, Colchester is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 86, London Road, Stanway, Colchester, CO3.
London Road, Stanway, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
86C, London Road, Colchester has 31 entries in the Land Registry database, most recently in July 2008 and a single entry in the EPC database dated October 2019.
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 86C London Road Colchester as £127,804 and the rental value as £757 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 86C London Road Colchester has increased by £1,778 (1.4%) and its rental value has increased by £48 per month (6.4%).
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 86C, London Road, Colchester is in very good condition we estimate a sale value of £134,195 and rental value of £795 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £118,858 and a rental value of £704 per month.
If you were able to purchase this property for the estimated value of £127,804, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £628 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, 86C, London Road, Colchester was last sold on 18 Jul 2008 for £80,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2008, the market for similar properties has risen 50.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 86C, London Road, Colchester within a radius of 630 metres over the last 2 years.
The most recent example is 2A, Collingwood Road, Colchester, CO3 9AU, a Leasehold flat which sold for £132,000 in Jul 2018.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Stanway, Colchester, CO3 has a total of 188 addresses. According to our analysis of all the public data, 86C, London Road, Colchester is the 152nd largest and the 181st most expensive property on the street.
When compared to the postcode district it is £246k less expensive than the average property in CO3.
86C, London Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Oct 2019.
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 86C, London Road, Colchester is Colchester station which is 3.8 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 86C, London Road, Colchester, 40.0% of property is privately owned with a mortgage and 36.9% 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 86C, London Road, Colchester, 18.0% of residents are recorded as possessing school level qualifications and 31.0% 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 86C, London Road, Colchester, the average age was 41.8 and the most common age was 32.
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 86C, London Road, Colchester, 0.5% 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 86C, London 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.