2, Grove Road
2, Grove Road
Description & Estimates
2, Grove Road, Colchester is described in the public record as a mid-century apartment with 602 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 2, Grove Road, Colchester is £257,087 and its rental estimate is £1,178 per month, given the available information and assuming reasonable condition.
Grove Road, Tiptree, Colchester, CO5 falls within the CO5 postal district, in the borough of Colchester.
Our Data Sources
2, Grove Road, Colchester has no recent1 records in the the Land Registry and a single entry in the EPC database dated October 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 2, Grove Road, Colchester, we estimate a market value of £269,942 and a rental value of £1,236 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £239,091 and £1,095 per month respectively.
Recent Market Change
Over the last year, 2, Grove Road, Colchester has seen its estimated sale value move down by £609 (0.2%) and its estimated rental value increase by £44 per month (3.8%). This results in an estimated gross rental yield of 5.5%.
Energy Efficiency
2, Grove Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Oct 2023.
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 2, Grove Road, Colchester completed on 8th June 2005 at £70,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
- Sold Jun 2005£70,000
- Sold Jan 2002£53,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 2, Grove Road, Colchester has sold within a radius of 570 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th June 2014, was 6, Grove Road, Colchester, CO5 0JP, a leasehold flat which sold for £114,000.
Read more about house prices in CO5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 101 addresses on Grove Road, Tiptree, Colchester, CO5, 2, Grove Road, Colchester comes out as the 98th largest and the 98th most expensive in our analysis of the public data.
It is also £162k less expensive than the average property across the CO5 district.
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Schools Nearby
- 200mSt Luke's Church of England Controlled Primary School
- 500mMilldene Primary School
- 1.0kmBaynards Primary School
- 700mThurstable School
- 7.9kmLift New Rickstones
- 8.2kmLift Maltings
More reading links
Public Transport Nearby
From 2, Grove Road, Colchester, the nearest station is Kelvedon, 4.5 kilometres away.
- 4.5kmKelvedon
- 7.6kmWitham
- 7.9kmMarks Tey
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.
