According to the public record, Flat 8, Parkland Court, Colchester is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Parkland Court, Recreation Road, Colchester, CO1.
Recreation Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
Flat 8, Parkland Court, Colchester has 41 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated August 2020.
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 8 Parkland Court Colchester as £157,597 and the rental value as £896 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 8 Parkland Court Colchester has increased by £965 (0.6%) and its rental value has increased by £83 per month (9.2%).
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 8, Parkland Court, Colchester is in very good condition we estimate a sale value of £165,477 and rental value of £941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,565 and a rental value of £833 per month.
If you were able to purchase this property for the estimated value of £157,597, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £775 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 8, Parkland Court, Colchester was last sold on 08 Mar 2021 for £145,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2021, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Parkland Court, Colchester within a radius of 430 metres over the last 2 years.
The most recent example is Flat 12, Parkland Court, Recreation Road, Colchester, CO1 2LB, a Leasehold flat which sold for £158,000 in Dec 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Recreation Road, Colchester, CO1 has a total of 66 addresses. According to our analysis of all the public data, Flat 8, Parkland Court, Colchester is the 54th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in CO1.
Flat 8, Parkland Court, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 8, Parkland Court, Colchester is Hythe (Essex) 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 8, Parkland Court, Colchester, 31.2% of property is privately owned with a mortgage and 28.0% is socially rented.
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 8, Parkland Court, Colchester, 23.2% of residents are recorded as possessing school level qualifications and 28.9% 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 8, Parkland Court, 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 8, Parkland Court, Colchester, 0.3% 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 8, Parkland Court, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.