According to the public record, Flat 6, Castle Court, Colchester is a modern leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Castle Court, St. Peters Street, Colchester, CO1.
St. Peters Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 6, Castle Court, Colchester has a single entry in the Land Registry database from May 2021 and a single entry in the EPC database dated October 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 good condition, we estimate the current sale value for Flat 6 Castle Court Colchester as £238,518 and the rental value as £1,077 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 6 Castle Court Colchester has increased by £3,082 (1.3%) and its rental value has increased by £104 per month (9.6%).
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 6, Castle Court, Colchester is in very good condition we estimate a sale value of £250,443 and rental value of £1,131 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,821 and a rental value of £1,002 per month.
If you were able to purchase this property for the estimated value of £238,518, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,172 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 6, Castle Court, Colchester was last sold on 21 May 2021 for £235,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Castle Court, Colchester within a radius of 490 metres over the last 2 years.
The most recent example is Flat 10, Castle Court, St. Peters Street, Colchester, CO1 1AQ, a Leasehold flat which sold for £236,500 in May 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Peters Street, Colchester, CO1 has a total of 191 addresses. According to our analysis of all the public data, Flat 6, Castle Court, Colchester is the 28th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in CO1.
Flat 6, Castle Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Oct 2019.
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 6, Castle Court, Colchester is Colchester Town station which is 700 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 6, Castle Court, 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 6, Castle Court, 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 6, Castle Court, 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 6, Castle Court, 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 6, Castle Court, 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.