Flat 5, The Old Rectory
Flat 5, The Old Rectory
Description & Estimates
Flat 5, The Old Rectory, Colchester is recorded publicly as a modern leasehold apartment across 904 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Flat 5, The Old Rectory, Colchester is £233,381 and its rental estimate is £1,161 per month, given the available information and assuming reasonable condition.
The Old Rectory, Old Rectory Drive is a residential building on Old Rectory Drive, Colchester, CO1 and falls within the CO1 postal district and the borough of Colchester.
Our Data Sources
Flat 5, The Old Rectory, Colchester has a single entry in the Land Registry from June 2019 and a single entry in the EPC database dated May 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 5, The Old Rectory, Colchester, we estimate a market value of £245,050 and a rental value of £1,219 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £217,044 and £1,080 per month respectively.
Recent Market Change
Over the last year, Flat 5, The Old Rectory, Colchester has seen its estimated sale value decline by £3,814 (1.6%) and its estimated rental value climb by £11 per month (1.0%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 5, The Old Rectory, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 May 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, electric.
Sold Prices
The most recent sale of Flat 5, The Old Rectory, Colchester completed on 21st June 2019 at £250,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 5.1% over the period since June 2019.
- Sold Jun 2019£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 5, The Old Rectory, Colchester have sold within a radius of 440 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th October 2024, was Flat 13, The Mill Apartments, East Street, Colchester, CO1 2QT, a leasehold flat which sold for £190,000.
Read more about house prices in CO1.
- Sold Oct 2024£190,000 | 3 Bed FlatThe Mill Apartments, East StreetFlat 13, The Mill Apartments, East Street, Colchester, CO1 2QT
- Sold Jun 2022£247,000 | 3 Bed FlatThe Old Rectory, Old Rectory DriveFlat 4, The Old Rectory, Old Rectory Drive, Colchester, CO1 2ZR
- Sold Oct 2019£247,000 | 3 Bed FlatThe Old Rectory, Old Rectory DriveFlat 2, The Old Rectory, Old Rectory Drive, Colchester, CO1 2ZR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 6 addresses on Old Rectory Drive, Colchester, CO1, Flat 5, The Old Rectory, Colchester comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £633 less expensive than the average property across the CO1 district.
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Schools Nearby
- 400mSt Thomas More's Catholic Primary School, Colchester
- 600mSt James the Great Church of England Primary School
- 900mSt. George's School
- 1.8kmColchester Royal Grammar School
- 1.9kmColchester Academy
- 1.9kmSt Helena School
More reading links
Public Transport Nearby
From Flat 5, The Old Rectory, Colchester, the nearest station is Colchester Town, 600 metres away.
- 600mColchester Town
- 1.0kmHythe (Essex)
- 2.1kmColchester
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
