According to the public record, Flat 51, Dutch Quarter Apartments, Colchester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 921 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Dutch Quarter Apartments, West Stockwell Street, Colchester, CO1.
West Stockwell Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 51, Dutch Quarter Apartments, Colchester has 2 entries in the Land Registry database, most recently in January 2023 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 51 Dutch Quarter Apartments Colchester as £228,235 and the rental value as £1,110 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 51 Dutch Quarter Apartments Colchester has increased by £256 (0.1%) and its rental value has increased by £93 per month (8.4%).
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 51, Dutch Quarter Apartments, Colchester is in very good condition we estimate a sale value of £239,646 and rental value of £1,165 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,258 and a rental value of £1,032 per month.
If you were able to purchase this property for the estimated value of £228,235, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,122 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 51, Dutch Quarter Apartments, Colchester was last sold on 27 Jan 2023 for £320,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2023, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 51, Dutch Quarter Apartments, Colchester within a radius of 460 metres over the last 2 years.
The most recent example is 3 The Technique Building, Stockwell, Colchester, CO1 1HP, a Leasehold flat which sold for £290,000 in Aug 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Stockwell Street, Colchester, CO1 has a total of 116 addresses. According to our analysis of all the public data, Flat 51, Dutch Quarter Apartments, Colchester is the 27th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £34k less expensive than the average property in CO1.
The closest station to Flat 51, Dutch Quarter Apartments, Colchester is Colchester Town station which is 600 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 51, Dutch Quarter Apartments, Colchester, 41.1% of property is privately rented and 21.3% 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 51, Dutch Quarter Apartments, Colchester, 16.0% of residents are recorded as possessing school level qualifications and 44.9% 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 51, Dutch Quarter 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 51, Dutch Quarter Apartments, Colchester, 0.8% 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 51, Dutch Quarter Apartments, 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.