According to the public record, Flat 15, Victoria House, Colchester is a modern leasehold apartment with 688 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 15, Victoria House, Colchester has a single entry in the Land Registry database from October 2018 and a single entry in the EPC database dated September 2017.
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 15 Victoria House Colchester as £159,335 and the rental value as £923 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 15 Victoria House Colchester has increased by £903 (0.6%) and its rental value has increased by £82 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 15, Victoria House, Colchester is in very good condition we estimate a sale value of £167,302 and rental value of £970 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,182 and a rental value of £859 per month.
If you were able to purchase this property for the estimated value of £159,335, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £783 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 15, Victoria House, Colchester was last sold on 12 Oct 2018 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2018, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, Victoria House, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is Flat 24, Victoria House, Eld Lane, Colchester, CO1 1PE, a Leasehold flat which sold for £142,500 in Aug 2020.
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 15, Victoria House, Colchester is the 12th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in CO1.
Flat 15, Victoria House, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Sep 2017.
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 15, 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 15, 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 15, 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 15, 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 15, 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 15, 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.