According to the public record, Flat 6, Westwood, Colchester is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Westwood, Inglis Road, Colchester, CO3.
Inglis Road, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Flat 6, Westwood, Colchester has 4 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated March 2022.
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 Westwood Colchester as £204,537 and the rental value as £921 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 6 Westwood Colchester has increased by £1,927 (0.9%) and its rental value has increased by £80 per month (8.7%).
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, Westwood, Colchester is in very good condition we estimate a sale value of £214,764 and rental value of £967 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £190,220 and a rental value of £857 per month.
If you were able to purchase this property for the estimated value of £204,537, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,005 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, Westwood, Colchester was last sold on 20 May 2022 for £190,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2022, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Westwood, Colchester within a radius of 480 metres over the last 2 years.
The most recent example is Flat 3, 6, Victoria Road, Colchester, CO3 3NT, a Leasehold flat which sold for £154,000 in Feb 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Inglis Road, Colchester, CO3 has a total of 53 addresses. According to our analysis of all the public data, Flat 6, Westwood, Colchester is the 48th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in CO3.
Flat 6, Westwood, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, electric.
The closest station to Flat 6, Westwood, Colchester is Colchester Town station which is 1.2 kilometres 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, Westwood, Colchester, 38.3% of property is privately owned with a mortgage and 31.3% 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 6, Westwood, Colchester, 21.6% of residents are recorded as possessing school level qualifications and 60.9% 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, Westwood, Colchester, the average age was 37.4 and the most common age was 47.
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, Westwood, Colchester, 1.5% 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, Westwood, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.