According to the public record, Flat 8, Rayleigh Mansions, Colchester is a modern apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Rayleigh Mansions, Drury Road, Colchester, CO2.
Drury Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
Flat 8, Rayleigh Mansions, Colchester has no recent1 records in the Land Registry database and a single entry in the EPC database dated December 2018.
We combine this information with public data 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 Rayleigh Mansions Colchester as £173,046 and the rental value as £927 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 8 Rayleigh Mansions Colchester has increased by £2,343 (1.4%) and its rental value has increased by £82 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 8, Rayleigh Mansions, Colchester is in very good condition we estimate a sale value of £181,698 and rental value of £973 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,933 and a rental value of £862 per month.
If you were able to purchase this property for the estimated value of £173,046, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £850 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, Rayleigh Mansions, Colchester was last sold on 18 May 2000 for £75,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Rayleigh Mansions, Colchester within a radius of 670 metres over the last 2 years.
The most recent example is Flat 1, 6, Victoria Road, Colchester, CO3 3NT, a Leasehold flat which sold for £215,000 in Dec 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drury Road, Colchester, CO2 has a total of 115 addresses. According to our analysis of all the public data, Flat 8, Rayleigh Mansions, Colchester is the 92nd largest and the 96th most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in CO2.
Flat 8, Rayleigh Mansions, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Dec 2018.
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, Rayleigh Mansions, Colchester is Colchester Town station which is 1.9 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 8, Rayleigh Mansions, Colchester, 45.5% of property is privately owned with a mortgage and 36.6% 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 8, Rayleigh Mansions, Colchester, 23.6% of residents are recorded as possessing school level qualifications and 45.1% 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, Rayleigh Mansions, 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 8, Rayleigh Mansions, Colchester, 0.9% 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, Rayleigh Mansions, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.