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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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7, Lucerne Road, Colchester is recorded publicly as a modern leasehold house across 1,227 ft2 of internal area, sitting on a 356 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 7, Lucerne Road, Colchester is £303,052 and its rental estimate is £1,285 per month, given the available information and assuming reasonable condition.
Lucerne Road, Elmstead, Colchester, CO7 falls within the CO7 postal district, in the borough of Tendring.
7, Lucerne Road, Colchester has 21 entries in the Land Registry , most recently in October 2023 and a single entry in the EPC database dated August 2023.
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.
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 7, Lucerne Road, Colchester, we estimate a market value of £318,205 and a rental value of £1,349 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £281,838 and £1,195 per month respectively.
Over the last year, 7, Lucerne Road, Colchester has seen its estimated sale value move down by £1,372 (0.5%) and its estimated rental value increase by £33 per month (2.6%). This results in an estimated gross rental yield of 5.1%.
HM Land Registry records the plot of land for 7, Lucerne Road, Colchester as measuring 356 m2.
That makes it the 13th largest plot in the postcode, where 30 of the 32 other houses have recorded plot data.
7, Lucerne Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Aug 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 7, Lucerne Road, Colchester completed on 20th October 2023 at £220,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 1.3% over the period since October 2023.
Over the past 2 years 3 properties similar to 7, Lucerne Road, Colchester have sold within a radius of 2.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th April 2023, was Park House, Clacton Road, Colchester, CO7 7AD, a freehold house which sold for £320,000.
Read more about house prices in CO7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 66 addresses on Lucerne Road, Elmstead, Colchester, CO7, 7, Lucerne Road, Colchester comes out as the 6th largest and the 45th most expensive in our analysis of the public data.
It is also £93k less expensive than the average property across the CO7 district.
From 7, Lucerne Road, Colchester, the nearest station is Alresford (Essex), 3.2 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Lucerne Road, Colchester, 44.8% of property is privately owned outright and 44.8% 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 7, Lucerne Road, Colchester, 14.6% of residents are recorded as possessing school level qualifications and 32.3% 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 7, Lucerne Road, Colchester, the average age was 43.8 and the most common age was 57.
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 7, Lucerne Road, Colchester, 1.3% 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 7, Lucerne Road, Colchester, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
