245, Old Heath Road
245, Old Heath Road
Description & Estimates
245, Old Heath Road, Colchester appears in the public record as a freehold house sitting on a 742 m2 plot.
By comparing it to nearby properties, we estimate it to be a period house with 1,148 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 245, Old Heath Road, Colchester is £347,431 and its rental estimate is £1,771 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
245, Old Heath Road, Colchester has 31 entries in the Land Registry , most recently in April 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 245, Old Heath Road, Colchester, we estimate a market value of £364,803 and a rental value of £1,860 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £323,111 and £1,647 per month respectively.
Recent Market Change
Over the last year, 245, Old Heath Road, Colchester has seen its estimated sale value drop by £4,741 (1.4%) and its estimated rental value rise by £41 per month (2.3%). This results in an estimated gross rental yield of 6.1%.
Plot Size
HM Land Registry records the plot of land for 245, Old Heath Road, Colchester as measuring 742 m2.
That makes it the 2nd largest plot in the postcode, where 8 of the 11 other houses have recorded plot data.
Sold Prices
The most recent sale of 245, Old Heath Road, Colchester completed on 5th April 2007 at £215,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 49.3% over the period since April 2007.
- Sold Apr 2007£215,000
- Sold Apr 2002£127,000
- Sold Apr 1995£62,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 245, Old Heath Road, Colchester have sold within a radius of 720 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th September 2024, was 13, Swallowdale, Colchester, CO2 8BD, a freehold house which sold for £395,000.
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, 245, Old Heath Road, Colchester comes out as the 30th largest and the 35th most expensive in our analysis of the public data.
It is also £65k more expensive than the average property across the CO2 district.
More reading links
Schools Nearby
- 300mOld Heath Community Primary School
- 700mKendall Church of England Primary School
- 1.4kmSt. George's School
- 1.6kmThe Thomas Lord Audley School
- 2.7kmColchester Academy
- 3.1kmColchester Royal Grammar School
More reading links
Public Transport Nearby
From 245, Old Heath Road, Colchester, the nearest station is Hythe (Essex), 1.5 kilometres away.
- 1.5kmHythe (Essex)
- 2.1kmColchester 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.
