According to the public record, Flat 6, Watts Court, 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 Watts Court, Priory Street, Colchester, CO1.
Priory Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 6, Watts Court, Colchester has a single entry in the Land Registry database from December 2017 and a single entry in the EPC database dated November 2017.
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 6 Watts Court Colchester as £193,686 and the rental value as £897 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 6 Watts Court Colchester has increased by £1,098 (0.6%) and its rental value has increased by £79 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 6, Watts Court, Colchester is in very good condition we estimate a sale value of £203,370 and rental value of £941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,128 and a rental value of £834 per month.
If you were able to purchase this property for the estimated value of £193,686, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £952 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, Watts Court, Colchester was last sold on 01 Dec 2017 for £195,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2017, the market for similar properties has risen 6.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Watts Court, Colchester within a radius of 400 metres over the last 2 years.
The most recent example is 8, Nicholsons Grove, Colchester, CO1 2XS, a Leasehold flat which sold for £162,500 in Sep 2022.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Priory Street, Colchester, CO1 has a total of 85 addresses. According to our analysis of all the public data, Flat 6, Watts Court, Colchester is the 54th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in CO1.
Flat 6, Watts Court, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Nov 2017.
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, Watts Court, Colchester is Colchester Town station which is 300 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, Watts Court, Colchester, 77.6% of property is privately rented and 14.7% 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, Watts Court, Colchester, 9.3% of residents are recorded as possessing school level qualifications and 41.2% 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 6, Watts 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, Watts Court, 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 6, Watts Court, Colchester, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.