38, California Close
38, California Close
Description & Estimates
38, California Close, Colchester appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 657 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 38, California Close, Colchester is £163,448 and its rental estimate is £909 per month, given the available information and assuming reasonable condition.
California Close, Colchester, CO4 falls within the CO4 postal district, in the borough of Colchester.
Our Data Sources
38, California Close, Colchester has 21 entries in the Land Registry , most recently in August 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 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 38, California Close, Colchester, we estimate a market value of £171,620 and a rental value of £954 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £152,007 and £845 per month respectively.
Recent Market Change
Over the last year, 38, California Close, Colchester has seen its estimated sale value decrease by £699 (0.4%) and its estimated rental value grow by £29 per month (3.2%). This results in an estimated gross rental yield of 6.7%.
Sold Prices
The most recent sale of 38, California Close, Colchester completed on 23rd August 2007 at £119,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 22.9% over the period since August 2007.
- Sold Aug 2007£119,000
- Sold Nov 1996£33,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 38, California Close, Colchester have sold within a radius of 470 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd December 2024, was 62, Enville Way, Colchester, CO4 9UQ, a leasehold flat which sold for £178,000.
Read more about house prices in CO4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 69 addresses on California Close, Colchester, CO4, 38, California Close, Colchester comes out as the 3rd largest and the 25th most expensive in our analysis of the public data.
It is also £149k less expensive than the average property across the CO4 district.
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Schools Nearby
- 200mHighwoods Community Primary School
- 400mBrinkley Grove Primary School
- 800mSt John's Church of England Voluntary Controlled Primary School, Colchester
- 300mThe Gilberd School
- 400mThe Trinity School
- 2.5kmColchester Academy
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Public Transport Nearby
From 38, California Close, Colchester, the nearest station is Colchester, 2.1 kilometres away.
- 2.1kmColchester
- 3.1kmColchester Town
- 3.1kmHythe (Essex)
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.
