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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Vardri Close, Colchester is a modern freehold house with 1,184 ft2 of internal area and sits on a 262 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Vardri Close, Colchester is £465,140 and the estimated rental value is £1,919 per month.
Vardri Close, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
2, Vardri Close, Colchester has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated December 2022.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Vardri Close, Colchester is in very good condition we estimate a sale value of £488,397 and a rental value of £2,015 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £432,581 and a rental value of £1,784 per month.
Over the last 12 months the sale value of 2 Vardri Close Colchester has decreased by an estimated £4,199 (0.9%) and its rental value has increased by an estimated £37 per month (1.9%), giving an expected gross yield of 5%.
According to data from HM Land Registry, 2, Vardri Close, Colchester sits on a plot of 262m2.
We have plot size data on 2 out of 15 other houses in the postcode and 2, Vardri Close, Colchester sits on the 2nd largest plot.
2, Vardri Close, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Vardri Close, Colchester was last sold on 23rd December 2022 for £440,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 16.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Vardri Close, Colchester within a radius of 760 metres over the last 2 years.
The most recent example is 5, Vardri Close, Colchester, CO1 1NJ, a freehold house which sold for £350,000 on the 9th January 2024.
Read more about house prices in CO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vardri Close, Colchester, CO1 has a total of 15 addresses. According to our analysis of all the public data, 2, Vardri Close, Colchester is the largest and the most expensive property on the street.
When compared to the postcode district it is £231k more expensive than the average property in CO1.
The closest station to 2, Vardri Close, Colchester is Colchester station which is 1.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Vardri Close, Colchester, 51.8% of property is privately rented and 18.8% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Vardri Close, Colchester, 19.3% of residents are recorded as possessing school level qualifications and 41.9% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Vardri Close, Colchester, the average age was 40 and the most common age was 27.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Vardri Close, Colchester, 2.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Vardri Close, Colchester, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
