242, Old Heath Road
242, Old Heath Road
Description & Estimates
242, Old Heath Road, Colchester is recorded publicly as a period freehold house across 882 ft2 of internal area, sitting on a 215 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 242, Old Heath Road, Colchester is £231,668 and its rental estimate is £1,324 per month, given the available information and assuming reasonable condition.
Old Heath Road, Colchester, CO2 falls within the CO2 postal district, in the borough of Colchester.
Our Data Sources
242, Old Heath Road, Colchester has 21 entries in the Land Registry , most recently in June 2016 and a single entry in the EPC database dated August 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 242, Old Heath Road, Colchester, we estimate a market value of £243,252 and a rental value of £1,390 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £215,452 and £1,231 per month respectively.
Recent Market Change
Over the last year, 242, Old Heath Road, Colchester has seen its estimated sale value drop by £3,148 (1.4%) and its estimated rental value rise by £28 per month (2.1%). This results in an estimated gross rental yield of 6.9%.
Plot Size
HM Land Registry records the plot of land for 242, Old Heath Road, Colchester as measuring 215 m2.
That makes it the 13th largest plot in the postcode, where all 22 other houses have recorded plot data.
Energy Efficiency
242, Old Heath Road, Colchester has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 03 Aug 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using No system present: electric heaters assumed.
Sold Prices
The most recent sale of 242, Old Heath Road, Colchester completed on 24th June 2016 at £150,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 21.3% over the period since June 2016.
- Sold Jun 2016£150,000
- Sold Apr 1997£50,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 242, Old Heath Road, Colchester have sold within a radius of 670 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd July 2024, was 8, Whitehall Close, Colchester, CO2 8AW, a freehold house which sold for £242,500.
Read more about house prices in CO2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 219 addresses on Old Heath Road, Colchester, CO2, 242, Old Heath Road, Colchester comes out as the 116th largest and the 167th most expensive in our analysis of the public data.
It is also £51k less expensive than the average property across the CO2 district.
More reading links
Schools Nearby
- 400mOld Heath Community Primary School
- 600mKendall Church of England Primary School
- 1.3kmSt. George's School
- 1.6kmThe Thomas Lord Audley School
- 2.6kmColchester Academy
- 3.0kmColchester Royal Grammar School
More reading links
Public Transport Nearby
From 242, Old Heath Road, Colchester, the nearest station is Hythe (Essex), 1.4 kilometres away.
- 1.4kmHythe (Essex)
- 2.0kmColchester Town
- 2.8kmWivenhoe
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
