According to the public record, Flat 1, 3A, Priory Street, Colchester is a period leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 3A, Priory Street, Colchester, CO1.
Priory Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 1, 3A, Priory Street, Colchester has 71 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated January 2023.
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 3A Priory Street Colchester as £113,137 and the rental value as £729 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of Flat 1 3A Priory Street Colchester has increased by £261 (0.2%) and its rental value has increased by £62 per month (8.5%).
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, 3A, Priory Street, Colchester is in very good condition we estimate a sale value of £118,794 and rental value of £766 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,218 and a rental value of £678 per month.
If you were able to purchase this property for the estimated value of £113,137, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £556 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, 3A, Priory Street, Colchester was last sold on 08 Dec 2021 for £105,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Dec 2021, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 3A, Priory Street, Colchester within a radius of 420 metres over the last 2 years.
The most recent example is 81, Nicholsons Grove, Colchester, CO1 2XT, a Leasehold flat which sold for £127,500 in Aug 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Priory Street, Colchester, CO1 has a total of 85 addresses. According to our analysis of all the public data, Flat 1, 3A, Priory Street, Colchester is the 68th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in CO1.
Flat 1, 3A, Priory Street, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jan 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 1, 3A, Priory Street, Colchester is Colchester Town station which is 200 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, 3A, Priory Street, Colchester, 50.4% of property is privately rented and 40.2% 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 Flat 1, 3A, Priory Street, Colchester, 13.0% of residents are recorded as possessing school level qualifications and 35.7% 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, 3A, Priory Street, 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 Flat 1, 3A, Priory Street, 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 Flat 1, 3A, Priory Street, Colchester, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.