Flat 22, Cranmere Court
Flat 22, Cranmere Court
Description & Estimates
Flat 22, Cranmere Court, Colchester appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 904 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 22, Cranmere Court, Colchester is £136,301 and its rental estimate is £896 per month, given the available information and assuming reasonable condition.
Cranmere Court, Exeter Drive is a residential building on Exeter Drive, Colchester, CO1 and falls within the CO1 postal district and the borough of Colchester.
Our Data Sources
Flat 22, Cranmere Court, Colchester has 21 entries in the Land Registry , most recently in December 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 Flat 22, Cranmere Court, Colchester, we estimate a market value of £143,116 and a rental value of £940 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £126,760 and £833 per month respectively.
Recent Market Change
Over the last year, Flat 22, Cranmere Court, Colchester has seen its estimated sale value decline by £2,227 (1.6%) and its estimated rental value climb by £9 per month (1.0%). This results in an estimated gross rental yield of 7.9%.
Sold Prices
The most recent sale of Flat 22, Cranmere Court, Colchester completed on 10th December 2007 at £145,000 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 11.5% over the period since December 2007.
- Sold Dec 2007£145,000
- Sold May 2001£67,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 22, Cranmere Court, Colchester has sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th May 2017, was Flat 142, Cranmere Court, Exeter Drive, Colchester, CO1 2RX, a leasehold flat which sold for £170,000.
Read more about house prices in CO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 87 addresses on Exeter Drive, Colchester, CO1, Flat 22, Cranmere Court, Colchester comes out as the largest and the 8th most expensive in our analysis of the public data.
It is also £98k less expensive than the average property across the CO1 district.
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Schools Nearby
- 100mSt James the Great Church of England Primary School
- 200mSt Thomas More's Catholic Primary School, Colchester
- 900mSt John's Green Primary School
- 1.6kmSt Helena School
- 1.7kmColchester Royal Grammar School
- 2.0kmColchester Academy
More reading links
Public Transport Nearby
From Flat 22, Cranmere Court, Colchester, the nearest station is Colchester Town, 700 metres away.
- 700mColchester Town
- 1.3kmHythe (Essex)
- 1.6kmColchester
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
