According to the public record, Flat 10, Castle Court, Colchester is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Castle Court, St. Peters Street, Colchester, CO1.
St. Peters Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 10, Castle Court, Colchester has a single entry in the Land Registry database from May 2022 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 good condition, we estimate the current sale value for Flat 10 Castle Court Colchester as £228,622 and the rental value as £1,015 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 10 Castle Court Colchester has increased by £1,296 (0.6%) and its rental value has increased by £90 per month (8.9%).
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 10, Castle Court, Colchester is in very good condition we estimate a sale value of £240,053 and rental value of £1,065 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,618 and a rental value of £944 per month.
If you were able to purchase this property for the estimated value of £228,622, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,124 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 10, Castle Court, Colchester was last sold on 06 May 2022 for £236,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 10, Castle Court, Colchester within a radius of 490 metres over the last 2 years.
The most recent example is Flat 4, Castle Court, St. Peters Street, Colchester, CO1 1AQ, a Leasehold flat which sold for £225,000 in Jan 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Peters Street, Colchester, CO1 has a total of 191 addresses. According to our analysis of all the public data, Flat 10, Castle Court, Colchester is the 52nd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £34k less expensive than the average property in CO1.
Flat 10, Castle Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Oct 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 10, Castle Court, Colchester is Colchester Town station which is 700 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 10, Castle Court, Colchester, 41.1% of property is privately rented and 21.3% 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 10, Castle Court, Colchester, 16.0% of residents are recorded as possessing school level qualifications and 44.9% 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 10, Castle Court, 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 10, Castle Court, Colchester, 0.8% 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 10, Castle Court, 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.