According to the public record, Flat 18, Lexden Place, Colchester is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Lexden Place, Halstead Road, Colchester, CO3.
Halstead Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Flat 18, Lexden Place, Colchester has 31 entries in the Land Registry database, most recently in January 2023 and a single entry in the EPC database dated April 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 18 Lexden Place Colchester as £148,060 and the rental value as £854 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 18 Lexden Place Colchester has increased by £2,350 (1.6%) and its rental value has increased by £56 per month (6.5%).
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 18, Lexden Place, Colchester is in very good condition we estimate a sale value of £155,463 and rental value of £897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £137,696 and a rental value of £794 per month.
If you were able to purchase this property for the estimated value of £148,060, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £728 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 18, Lexden Place, Colchester was last sold on 25 Jan 2023 for £162,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2023, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Lexden Place, Colchester within a radius of 690 metres over the last 2 years.
The most recent example is Flat 12, Lexden Place, Halstead Road, Colchester, CO3 9FD, a Leasehold flat which sold for £139,000 in Dec 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Halstead Road, Colchester, CO3 has a total of 87 addresses. According to our analysis of all the public data, Flat 18, Lexden Place, Colchester is the 86th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £226k less expensive than the average property in CO3.
Flat 18, Lexden Place, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 18, Lexden Place, Colchester is Colchester station which is 3.3 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 18, Lexden Place, Colchester, 43.9% of property is privately owned with a mortgage and 27.3% 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 18, Lexden Place, Colchester, 17.5% of residents are recorded as possessing school level qualifications and 28.0% 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 18, Lexden Place, Colchester, the average age was 43.4 and the most common age was 52.
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 18, Lexden Place, Colchester, 0.7% 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 18, Lexden Place, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.