According to the public record, Flat 230, Maldon Court, Colchester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 715 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Maldon Court, Maldon Road, Colchester, CO3.
Maldon Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Flat 230, Maldon Court, Colchester has a single entry in the Land Registry database from February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 230 Maldon Court Colchester as £125,905 and the rental value as £715 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 230 Maldon Court Colchester has increased by £1,184 (0.9%) and its rental value has increased by £67 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 230, Maldon Court, Colchester is in very good condition we estimate a sale value of £132,200 and rental value of £751 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,091 and a rental value of £665 per month.
If you were able to purchase this property for the estimated value of £125,905, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £619 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 230, Maldon Court, Colchester was last sold on 14 Feb 2007 for £109,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 30.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 230, Maldon Court, Colchester within a radius of 460 metres over the last 2 years.
The most recent example is Flat 202, Maldon Court, Maldon Road, Colchester, CO3 3AH, a Leasehold flat which sold for £100,000 in Dec 2022.
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 230, Maldon Court, Colchester is the 221st largest and the 271st most expensive property on the street.
When compared to the postcode district it is £248k less expensive than the average property in CO3.
The closest station to Flat 230, Maldon Court, Colchester is Colchester Town station which is 800 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 230, Maldon Court, Colchester, 40.3% of property is privately rented and 38.0% 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 230, Maldon Court, Colchester, 16.4% of residents are recorded as possessing school level qualifications and 36.7% 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 230, Maldon Court, 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 230, Maldon Court, Colchester, 0.9% 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 230, Maldon Court, Colchester, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.