According to the public record, Flat 3, Rayleigh Mansions, Colchester is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Rayleigh Mansions, Drury Road, Colchester, CO2.
Drury Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
Flat 3, Rayleigh Mansions, Colchester has 21 entries in the Land Registry database, most recently in October 2006 and a single entry in the EPC database dated January 2019.
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 3 Rayleigh Mansions Colchester as £166,906 and the rental value as £906 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 3 Rayleigh Mansions Colchester has increased by £2,260 (1.4%) and its rental value has increased by £80 per month (8.9%).
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 3, Rayleigh Mansions, Colchester is in very good condition we estimate a sale value of £175,251 and rental value of £951 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £155,222 and a rental value of £842 per month.
If you were able to purchase this property for the estimated value of £166,906, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £820 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 3, Rayleigh Mansions, Colchester was last sold on 24 Oct 2006 for £133,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 3, Rayleigh Mansions, Colchester within a radius of 670 metres over the last 2 years.
The most recent example is Flat 3, 6, Victoria Road, Colchester, CO3 3NT, a Leasehold flat which sold for £154,000 in Feb 2024.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drury Road, Colchester, CO2 has a total of 115 addresses. According to our analysis of all the public data, Flat 3, Rayleigh Mansions, Colchester is the 95th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in CO2.
Flat 3, Rayleigh Mansions, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jan 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, Rayleigh Mansions, Colchester is Colchester Town station which is 1.9 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 3, Rayleigh Mansions, Colchester, 45.5% of property is privately owned with a mortgage and 36.6% 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 3, Rayleigh Mansions, Colchester, 23.6% of residents are recorded as possessing school level qualifications and 45.1% 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 3, Rayleigh Mansions, 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 3, Rayleigh Mansions, 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 3, Rayleigh Mansions, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.