2, Penguin Parade
2, Penguin Parade
Description & Estimates
2, Penguin Parade, Colchester is recorded publicly as a modern freehold house across 1,851 ft2 of internal area, sitting on a 326 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 2, Penguin Parade, Colchester is £510,395 and its rental estimate is £2,500 per month, given the available information and assuming reasonable condition.
Penguin Parade, Stanway, Colchester, CO3 falls within the CO3 postal district, in the borough of Colchester.
Our Data Sources
2, Penguin Parade, Colchester has a single entry in the Land Registry from December 2018 and a single entry in the EPC database dated December 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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, Penguin Parade, Colchester, we estimate a market value of £535,915 and a rental value of £2,625 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £474,668 and £2,325 per month respectively.
Recent Market Change
Over the last year, 2, Penguin Parade, Colchester has seen its estimated sale value drop by £3,051 (0.6%) and its estimated rental value rise by £57 per month (2.3%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 2, Penguin Parade, Colchester as measuring 326 m2.
That makes it the 2nd largest plot in the postcode, where 48 of the 62 other houses have recorded plot data.
Energy Efficiency
2, Penguin Parade, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Dec 2018.
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 2, Penguin Parade, Colchester completed on 20th December 2018 at £395,000 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 risen by 46.6% over the period since December 2018.
- Sold Dec 2018£395,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Penguin Parade, Colchester have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th February 2023, was 29, Cheetah Chase, Colchester, CO3 8DA, a freehold house which sold for £462,500.
Read more about house prices in CO3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 68 addresses on Penguin Parade, Stanway, Colchester, CO3, 2, Penguin Parade, Colchester comes out as the largest and the 2nd most expensive in our analysis of the public data.
It is also £133k more expensive than the average property across the CO3 district.
More reading links
Schools Nearby
- 1.1kmLakelands Primary School
- 1.3kmStanway Primary School
- 1.7kmHoly Trinity CofE Primary School, Eight Ash Green and Aldham
- 1.4kmThe Stanway School
- 3.6kmPhilip Morant School and College
- 3.7kmSt Benedict's Catholic College
More reading links
Public Transport Nearby
From 2, Penguin Parade, Colchester, the nearest station is Marks Tey, 2.7 kilometres away.
- 2.7kmMarks Tey
- 5.2kmColchester
- 5.7kmColchester Town
Available Internet Speeds
Broadband here reaches standard speeds, based on recent Ofcom data.
According to recent data from Ofcom, Standard broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
