1, Chestnut Close
1, Chestnut Close
Description & Estimates
1, Chestnut Close, Colchester is recorded publicly as a modern freehold house across 1,657 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Chestnut Close, Colchester is £580,626 and its rental estimate is £1,938 per month, given the available information and assuming reasonable condition.
Chestnut Close, Elmstead, Colchester, CO7 falls within the CO7 postal district, in the borough of Tendring.
Our Data Sources
1, Chestnut Close, Colchester has a single entry in the Land Registry from September 2023 and a single entry in the EPC database dated April 2023.
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, Chestnut Close, Colchester, we estimate a market value of £609,657 and a rental value of £2,035 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £539,982 and £1,803 per month respectively.
Recent Market Change
Over the last year, 1, Chestnut Close, Colchester has seen its estimated sale value decline by £2,628 (0.5%) and its estimated rental value climb by £49 per month (2.6%). This results in an estimated gross rental yield of 4.0%.
Energy Efficiency
1, Chestnut Close, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Apr 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Chestnut Close, Colchester completed on 15th September 2023 at £600,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 9.9% over the period since September 2023.
- Sold Sep 2023£600,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Chestnut Close, Colchester have sold within a radius of 2.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th December 2024, was 4, Pine Way, Colchester, CO7 7XG, a freehold house which sold for £700,000.
Read more about house prices in CO7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 3 addresses on Chestnut Close, Elmstead, Colchester, CO7, 1, Chestnut Close, Colchester comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £185k more expensive than the average property across the CO7 district.
More reading links
Schools Nearby
- 700mElmstead Primary School
- 2.7kmMillfields Primary School
- 2.9kmSt George's Church of England Primary School, Great Bromley
- 4.2kmColchester Academy
- 6.4kmThe Thomas Lord Audley School
- 6.7kmThe Gilberd School
More reading links
Public Transport Nearby
From 1, Chestnut Close, Colchester, the nearest station is Alresford (Essex), 2.8 kilometres away.
- 2.8kmAlresford (Essex)
- 3.6kmWivenhoe
- 4.7kmHythe (Essex)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
