According to the public record, Greenwood, Colchester is a modern freehold house with 1,345 ft2 of internal area and sits on a 447 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Heath Road, Stanway, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
Greenwood, Colchester has a single entry in the Land Registry database from September 2023 and a single entry in the EPC database dated April 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 Greenwood Colchester as £485,822 and the rental value as £1,814 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Greenwood Colchester has decreased by £5,351 (1.1%) and its rental value has increased by £70 per month (3.9%).
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 Greenwood, Colchester is in very good condition we estimate a sale value of £510,113 and rental value of £1,904 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £451,814 and a rental value of £1,687 per month.
If you were able to purchase this property for the estimated value of £485,822, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,388 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 data from HM Land Registry, Greenwood, Colchester sits on a plot of 447m2.
We have plot size data on 14 out of 26 other houses in the postcode and Greenwood, Colchester sits on the 9th largest plot.
According to HM Land Registry, Greenwood, Colchester was last sold on 22 Sep 2023 for £424,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2023, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Greenwood, Colchester within a radius of 820 metres over the last 2 years.
The most recent example is Bramble Cottage, Heath Road, Colchester, CO3 0QR, a Freehold house which sold for £510,000 in Sep 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heath Road, Stanway, Colchester, CO3 has a total of 27 addresses. According to our analysis of all the public data, Greenwood, Colchester is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £112k more expensive than the average property in CO3.
Greenwood, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Apr 2017.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to Greenwood, Colchester is Marks Tey station which is 4.2 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 Greenwood, Colchester, 48.2% of property is privately owned outright and 37.5% 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 Greenwood, Colchester, 24.5% of residents are recorded as possessing school level qualifications and 26.2% 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 Greenwood, Colchester, the average age was 41.8 and the most common age was 32.
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 Greenwood, Colchester, 0.4% 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 Greenwood, 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.