48, Paxman Avenue
48, Paxman Avenue
Description & Estimates
48, Paxman Avenue, Colchester is recorded publicly as a mid-century leasehold apartment across 107 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 48, Paxman Avenue, Colchester is £76,790 and its rental estimate is £449 per month, given the available information and assuming reasonable condition.
Paxman Avenue, Colchester, CO2 falls within the CO2 postal district, in the borough of Colchester.
Our Data Sources
48, Paxman Avenue, Colchester has 21 entries in the Land Registry , most recently in July 2018 and a single entry in the EPC database dated April 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 48, Paxman Avenue, Colchester, we estimate a market value of £80,629 and a rental value of £472 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £71,414 and £418 per month respectively.
Recent Market Change
Over the last year, 48, Paxman Avenue, Colchester has seen its estimated sale value move up by £442 (0.6%) and its estimated rental value increase by £19 per month (4.3%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
48, Paxman Avenue, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Apr 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 48, Paxman Avenue, Colchester completed on 9th July 2018 at £192,500 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 15.2% over the period since July 2018.
- Sold Jul 2018£192,500
- Sold Feb 2006£125,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 610 metres of 48, Paxman Avenue, Colchester, per the Land Registry and our network of Estate Agents.
The latest, on the 26th September 2024, was 46, Paxman Avenue, Colchester, CO2 9DB, a leasehold flat which sold for £200,000.
Read more about house prices in CO2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 62 addresses on Paxman Avenue, Colchester, CO2, 48, Paxman Avenue, Colchester comes out as the 62nd largest and the 62nd most expensive in our analysis of the public data.
It is also £206k less expensive than the average property across the CO2 district.
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Schools Nearby
- 300mGosbecks Primary School
- 600mKing's Ford Infant School and Nursery
- 600mKings Ford Academy
- 100mPaxman Academy
- 1.1kmPhilip Morant School and College
- 1.6kmSt Benedict's Catholic College
More reading links
Public Transport Nearby
From 48, Paxman Avenue, Colchester, the nearest station is Colchester Town, 3.0 kilometres away.
- 3.0kmColchester Town
- 3.6kmColchester
- 4.3kmHythe (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.
