According to the public record, Flat 2, St. James Court, Colchester is a modern leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in St. James Court, Guildford Road, Colchester, CO1.
Guildford Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 2, St. James Court, Colchester has 2 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated March 2018.
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 St. James Court Colchester as £167,484 and the rental value as £984 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 2 St. James Court Colchester has increased by £3,165 (1.9%) and its rental value has increased by £100 per month (10.1%).
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, St. James Court, Colchester is in very good condition we estimate a sale value of £175,859 and rental value of £1,033 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £155,761 and a rental value of £915 per month.
If you were able to purchase this property for the estimated value of £167,484, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £823 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, St. James Court, Colchester was last sold on 25 May 2018 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2018, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, St. James Court, Colchester within a radius of 470 metres over the last 2 years.
The most recent example is Flat 8, Stopes House, Eaglegate, Colchester, CO1 2PS, a Leasehold flat which sold for £140,000 in Nov 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Guildford Road, Colchester, CO1 has a total of 95 addresses. According to our analysis of all the public data, Flat 2, St. James Court, Colchester is the 83rd largest and the 95th most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in CO1.
Flat 2, St. James Court, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Mar 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 2, St. James 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 2, St. James Court, Colchester, 41.9% of property is privately rented and 20.6% 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 2, St. James Court, Colchester, 18.4% of residents are recorded as possessing school level qualifications and 30.1% 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, St. James 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 2, St. James Court, Colchester, 0.0% 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, St. James Court, Colchester, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.