According to the public record, Flat 5, Crown House 34-38, Colchester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 554 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Crown House, Southway, Colchester, CO2.
Southway, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
Flat 5, Crown House 34-38, Colchester has 2 entries in the Land Registry database, most recently in July 2022 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 5 Crown House 34-38 Colchester as £172,396 and the rental value as £889 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 5 Crown House 34-38 Colchester has increased by £2,118 (1.2%) and its rental value has increased by £91 per month (10.2%).
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 5, Crown House 34-38, Colchester is in very good condition we estimate a sale value of £181,016 and rental value of £933 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,328 and a rental value of £826 per month.
If you were able to purchase this property for the estimated value of £172,396, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £847 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 5, Crown House 34-38, Colchester was last sold on 15 Jul 2022 for £157,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Crown House 34-38, Colchester within a radius of 460 metres over the last 2 years.
The most recent example is Flat 16, Crown House 34-38, Southway, Colchester, CO2 7FA, a Leasehold flat which sold for £155,000 in Oct 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southway, Colchester, CO2 has a total of 37 addresses. According to our analysis of all the public data, Flat 5, Crown House 34-38, Colchester is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in CO2.
The closest station to Flat 5, Crown House 34-38, Colchester is Colchester Town station which is 500 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 5, Crown House 34-38, Colchester, 52.4% of property is privately rented and 18.4% 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 5, Crown House 34-38, Colchester, 15.5% of residents are recorded as possessing school level qualifications and 36.2% 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 5, Crown House 34-38, Colchester, the average age was 33.3 and the most common age was 22.
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 5, Crown House 34-38, 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 5, Crown House 34-38, Colchester, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.