According to the public record, Flat 2, 108, Maldon Road, Colchester is a period leasehold apartment with 689 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 108, Maldon Road, Colchester, CO3.
Maldon Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Flat 2, 108, Maldon Road, Colchester has 3 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated January 2012.
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 2 108 Maldon Road Colchester as £197,485 and the rental value as £964 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 2 108 Maldon Road Colchester has increased by £1,857 (0.9%) and its rental value has increased by £90 per month (9.4%).
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 2, 108, Maldon Road, Colchester is in very good condition we estimate a sale value of £207,360 and rental value of £1,012 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,661 and a rental value of £897 per month.
If you were able to purchase this property for the estimated value of £197,485, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £971 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 2, 108, Maldon Road, Colchester was last sold on 17 Sep 2021 for £210,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has risen 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 108, Maldon Road, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is 132, Garland Road, Colchester, CO2 7GD, a Leasehold flat which sold for £220,000 in Jul 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Maldon Road, Colchester, CO3 has a total of 344 addresses. According to our analysis of all the public data, Flat 2, 108, Maldon Road, Colchester is the 226th largest and the 234th most expensive property on the street.
When compared to the postcode district it is £177k less expensive than the average property in CO3.
Flat 2, 108, Maldon Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jan 2012.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 108, Maldon Road, Colchester is Colchester Town station which is 1.1 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 2, 108, Maldon Road, Colchester, 36.1% of property is privately rented and 32.8% 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 2, 108, Maldon Road, Colchester, 17.6% of residents are recorded as possessing school level qualifications and 47.0% 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 2, 108, Maldon 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 2, 108, Maldon Road, Colchester, 0.4% 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 2, 108, Maldon Road, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.