According to the public record, Flat 1, 6, Victoria Road, Colchester is a period leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 6, Victoria Road, Colchester, CO3.
Victoria Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Flat 1, 6, Victoria Road, Colchester has 71 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated May 2022.
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 6 Victoria Road Colchester as £198,997 and the rental value as £1,034 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 1 6 Victoria Road Colchester has increased by £1,598 (0.8%) and its rental value has increased by £88 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, 6, Victoria Road, Colchester is in very good condition we estimate a sale value of £208,947 and rental value of £1,085 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,068 and a rental value of £961 per month.
If you were able to purchase this property for the estimated value of £198,997, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £978 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, 6, Victoria Road, Colchester was last sold on 14 Dec 2022 for £215,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Dec 2022, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 6, Victoria Road, Colchester within a radius of 610 metres over the last 2 years.
The most recent example is Flat 6, St. Mary's Terrace 25-29, Lexden Road, Colchester, CO3 3PT, a Leasehold flat which sold for £235,000 in Apr 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Road, Colchester, CO3 has a total of 82 addresses. According to our analysis of all the public data, Flat 1, 6, Victoria Road, Colchester is the 68th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £175k less expensive than the average property in CO3.
Flat 1, 6, Victoria Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 May 2022.
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, 6, Victoria Road, Colchester is Colchester Town station which is 1.5 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 Flat 1, 6, Victoria Road, Colchester, 53.8% of property is privately owned outright and 33.3% 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, 6, Victoria Road, Colchester, 24.2% of residents are recorded as possessing school level qualifications and 58.6% 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 Flat 1, 6, Victoria 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, 6, Victoria Road, Colchester, 1.5% 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, 6, Victoria Road, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.