2 Castle House, Colchester
2 Castle House, Colchester
Description & Estimates
Public records show 2 Castle House, Colchester to be a modern leasehold apartment with 1,001 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a balcony.
2 Castle House, Colchester has an estimated sale value of £338,289 and an estimated rental value of £1,683 per month, assuming reasonable condition and based on the information available.
The apartment sits within Castle House, Castle Bailey, Colchester, CO1.
Castle Bailey, Colchester, CO1 lies in the borough of Colchester, within the CO1 postal district.
Our Data Sources
2 Castle House, Colchester has 2 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated January 2017.
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
In very good condition, we estimate 2 Castle House, Colchester would be worth £355,203, with a potential rental value of £1,767 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £314,609, with a rental value of £1,565 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2 Castle House, Colchester has fallen by £6,942 (2.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £12 (0.7%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
2 Castle House, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Jan 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
2 Castle House, Colchester last changed hands on 21st December 2022, selling for £347,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 0.3% since December 2022.
- Sold Dec 2022£347,500
- Sold Aug 2018£365,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 470 metres of 2 Castle House, Colchester across the last 2 years.
Most recently, 11 Greyfriars Court, Castle Road, Colchester, CO1 1TL, a leasehold flat, sold at £375,000 on the 1st December 2022.
Read more about house prices in CO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 2 Castle House, Colchester as the 4th largest and the 4th most expensive of the 6 addresses on Castle Bailey, Colchester, CO1.
Against the CO1 postcode district average, it is £104k more expensive than the typical property.
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Schools Nearby
- 400mSt Thomas More's Catholic Primary School, Colchester
- 500mSt John's Green Primary School
- 600mSt James the Great Church of England Primary School
- 1.2kmColchester Royal Grammar School
- 1.2kmSt Helena School
- 2.0kmSt Benedict's Catholic College
More reading links
Public Transport Nearby
Colchester Town station is the nearest stop to 2 Castle House, Colchester at 400 metres away.
- 400mColchester Town
- 1.4kmColchester
- 1.8kmHythe (Essex)
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
