According to the public record, Flat 13, Victoria House, Colchester is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Victoria House, Eld Lane, Colchester, CO1.
Eld Lane, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 13, Victoria House, Colchester has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated August 2021.
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 13 Victoria House Colchester as £135,956 and the rental value as £840 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 13 Victoria House Colchester has increased by £771 (0.6%) and its rental value has increased by £74 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 13, Victoria House, Colchester is in very good condition we estimate a sale value of £142,754 and rental value of £882 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,439 and a rental value of £781 per month.
If you were able to purchase this property for the estimated value of £135,956, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £668 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 13, Victoria House, Colchester was last sold on 27 Jan 2023 for £140,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 13, Victoria House, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is Flat 19, Victoria House, Eld Lane, Colchester, CO1 1PE, a Leasehold flat which sold for £128,000 in Jun 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eld Lane, Colchester, CO1 has a total of 47 addresses. According to our analysis of all the public data, Flat 13, Victoria House, Colchester is the 33rd largest and the 40th most expensive property on the street.
When compared to the postcode district it is £126k less expensive than the average property in CO1.
Flat 13, Victoria House, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Aug 2021.
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 13, Victoria House, Colchester is Colchester Town station which is 300 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 13, Victoria House, Colchester, 34.0% of property is privately rented and 32.1% 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 13, Victoria House, Colchester, 21.3% of residents are recorded as possessing school level qualifications and 49.7% 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 13, Victoria House, 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 13, Victoria House, Colchester, 1.2% 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 13, Victoria House, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.