According to the public record, Flat 1, 39, Wellesley Road, Colchester is a period leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 39, Wellesley Road, Colchester, CO3.
Wellesley Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Flat 1, 39, Wellesley Road, Colchester has 31 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated November 2012.
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 Flat 1 39 Wellesley Road Colchester as £137,363 and the rental value as £778 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 1 39 Wellesley Road Colchester has increased by £1,112 (0.8%) and its rental value has increased by £72 per month (9.2%).
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 Flat 1, 39, Wellesley Road, Colchester is in very good condition we estimate a sale value of £144,231 and rental value of £817 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £127,748 and a rental value of £724 per month.
If you were able to purchase this property for the estimated value of £137,363, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £675 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, Flat 1, 39, Wellesley Road, Colchester was last sold on 25 Feb 2022 for £140,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2022, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 39, Wellesley Road, Colchester within a radius of 460 metres over the last 2 years.
The most recent example is Flat 4, 41, Wellesley Road, Colchester, CO3 3HE, a Leasehold flat which sold for £133,000 in Oct 2020.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellesley Road, Colchester, CO3 has a total of 65 addresses. According to our analysis of all the public data, Flat 1, 39, Wellesley Road, Colchester is the 59th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £237k less expensive than the average property in CO3.
Flat 1, 39, Wellesley Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Nov 2012.
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 Flat 1, 39, Wellesley Road, Colchester is Colchester Town station which is 900 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 Flat 1, 39, Wellesley Road, Colchester, 55.8% of property is privately rented and 22.5% 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 Flat 1, 39, Wellesley Road, Colchester, 16.9% of residents are recorded as possessing school level qualifications and 48.5% 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 Flat 1, 39, Wellesley Road, Colchester, the average age was 37.4 and the most common age was 47.
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 Flat 1, 39, Wellesley Road, Colchester, 0.4% 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 Flat 1, 39, Wellesley 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.