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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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According to the public record, 71, Layer Road, Colchester is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,074 ft2 of internal area and sits on a 508 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 71, Layer Road, Colchester is £361,658 and the estimated rental value is £1,656 per month.
Layer Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
71, Layer Road, Colchester has a single entry in the Land Registry from May 2013 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 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 71, Layer Road, Colchester is in very good condition we estimate a sale value of £379,741 and a rental value of £1,738 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,342 and a rental value of £1,540 per month.
Over the last 12 months the sale value of 71 Layer Road Colchester has decreased by an estimated £3,066 (0.8%) and its rental value has increased by an estimated £30 per month (1.8%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 71, Layer Road, Colchester sits on a plot of 508m2.
We have plot size data on 15 out of 16 other houses in the postcode and 71, Layer Road, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 71, Layer Road, Colchester was last sold on 21st May 2013 for £195,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2013, the market for similar properties has risen 45.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Layer Road, Colchester within a radius of 700 metres over the last 2 years.
The most recent example is 100, Layer Road, Colchester, CO2 7JN, a freehold house which sold for £325,000 on the 4th April 2023.
Read more about house prices in CO2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Layer Road, Colchester, CO2 has a total of 233 addresses. According to our analysis of all the public data, 71, Layer Road, Colchester is the 61st largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £78k more expensive than the average property in CO2.
The closest station to 71, Layer Road, Colchester is Colchester Town station which is 2.0 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 71, Layer Road, Colchester, 45.7% of property is privately owned outright and 43.3% 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 71, Layer Road, Colchester, 19.9% of residents are recorded as possessing school level qualifications and 33.5% 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 71, Layer Road, Colchester, the average age was 37.4 and the most common age was 47.
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 71, Layer Road, Colchester, 0.0% 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 71, Layer Road, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
