According to the public record, Flat 4, Wickham House 1, Colchester is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wickham House, Northgate Street, Colchester, CO1.
Northgate Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 4, Wickham House 1, Colchester has 2 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated June 2014.
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 4 Wickham House 1 Colchester as £134,766 and the rental value as £848 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 4 Wickham House 1 Colchester has increased by £1,128 (0.8%) and its rental value has increased by £66 per month (7.8%).
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 4, Wickham House 1, Colchester is in very good condition we estimate a sale value of £141,504 and rental value of £890 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,332 and a rental value of £788 per month.
If you were able to purchase this property for the estimated value of £134,766, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £662 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 4, Wickham House 1, Colchester was last sold on 23 Apr 2019 for £116,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2019, the market for similar properties has risen 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Wickham House 1, Colchester within a radius of 440 metres over the last 2 years.
The most recent example is Flat 5, Wickham House 1, Northgate Street, Colchester, CO1 1HA, a Leasehold flat which sold for £130,000 in Aug 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Northgate Street, Colchester, CO1 has a total of 83 addresses. According to our analysis of all the public data, Flat 4, Wickham House 1, Colchester is the 58th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in CO1.
Flat 4, Wickham House 1, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jun 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 4, Wickham House 1, 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 4, Wickham House 1, Colchester, 39.1% of property is privately rented and 30.0% 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 4, Wickham House 1, Colchester, 19.8% of residents are recorded as possessing school level qualifications and 49.7% 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 4, Wickham House 1, 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 4, Wickham House 1, Colchester, 1.0% 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 4, Wickham House 1, Colchester, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.