1, Chariot Drive
1, Chariot Drive
Description & Estimates
1, Chariot Drive, Colchester is recorded publicly as a modern leasehold apartment across 635 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 1, Chariot Drive, Colchester is £194,838 and its rental estimate is £1,034 per month, given the available information and assuming reasonable condition.
Chariot Drive, Colchester, CO2 falls within the CO2 postal district, in the borough of Colchester.
Our Data Sources
1, Chariot Drive, Colchester has 31 entries in the Land Registry , most recently in May 2016 and a single entry in the EPC database dated June 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Chariot Drive, Colchester, we estimate a market value of £204,580 and a rental value of £1,086 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £181,200 and £962 per month respectively.
Recent Market Change
Over the last year, 1, Chariot Drive, Colchester has seen its estimated sale value fall by £1,013 (0.5%) and its estimated rental value move up by £31 per month (3.0%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
1, Chariot Drive, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jun 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Chariot Drive, Colchester completed on 31st May 2016 at £124,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 31.3% over the period since May 2016.
- Sold May 2016£124,000
- Sold Aug 2008£109,000
- Sold Dec 2005£180,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Chariot Drive, Colchester have sold within a radius of 860 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th November 2022, was 18, Chariot Drive, Colchester, CO2 7QJ, a leasehold flat which sold for £170,000.
Read more about house prices in CO2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 20 addresses on Chariot Drive, Colchester, CO2, 1, Chariot Drive, Colchester comes out as the 14th largest and the 14th most expensive in our analysis of the public data.
It is also £88k less expensive than the average property across the CO2 district.
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Schools Nearby
- 600mMonkwick Junior School
- 600mMonkwick Infant and Nursery School
- 1.2kmSt. George's School
- 500mThe Thomas Lord Audley School
- 1.8kmColchester Royal Grammar School
- 2.0kmPaxman Academy
More reading links
Public Transport Nearby
From 1, Chariot Drive, Colchester, the nearest station is Colchester Town, 1.7 kilometres away.
- 1.7kmColchester Town
- 2.6kmHythe (Essex)
- 3.2kmColchester
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
