According to the public record, Flat 29, The Mill Apartments, Colchester is a modern apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in The Mill Apartments, East Street, Colchester, CO1.
East Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 29, The Mill Apartments, Colchester has no recent1 records in the Land Registry database and a single entry in the EPC database dated February 2020.
We combine this information with public data 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 29 The Mill Apartments Colchester as £256,952 and the rental value as £1,174 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 29 The Mill Apartments Colchester has increased by £4,855 (1.9%) and its rental value has increased by £119 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 29, The Mill Apartments, Colchester is in very good condition we estimate a sale value of £269,800 and rental value of £1,233 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,966 and a rental value of £1,092 per month.
If you were able to purchase this property for the estimated value of £256,952, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,263 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 29, The Mill Apartments, Colchester was last sold on 14 Nov 2003 for £330,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 29, The Mill Apartments, Colchester within a radius of 540 metres over the last 2 years.
The most recent example is 36, Grosvenor Place, Colchester, CO1 2ZD, a Leasehold flat which sold for £216,000 in Aug 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
East Street, Colchester, CO1 has a total of 142 addresses. According to our analysis of all the public data, Flat 29, The Mill Apartments, Colchester is the 16th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in CO1.
Flat 29, The Mill Apartments, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Feb 2020.
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 29, The Mill Apartments, Colchester is Colchester Town station which is 900 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 29, The Mill Apartments, Colchester, 50.9% of property is privately rented and 23.2% 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 29, The Mill Apartments, Colchester, 24.9% of residents are recorded as possessing school level qualifications and 45.4% 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 29, The Mill Apartments, 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 29, The Mill Apartments, Colchester, 2.7% 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 29, The Mill Apartments, Colchester, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.