38 Groves Close

    38, GROVES CLOSE, COLCHESTER, CO4 5BP

    This flat/maisonette leasehold property on Groves Close last sold in July 2020 for £150,000. Based on price growth in the CO4 district since then, its estimated current value is £162,375 — placing it in the 15th percentile nationally and the 7th percentile within CO4. The property covers 53 m² (570 sq ft), giving an estimated value of £3,064 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    570 sq ft

    53 m²

    Last Sale Price

    £150,000

    Jul 2020

    Estimated Valuation

    £162,375

    Est. £/sq ft

    £285/sq ft

    £3,064/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentB
    EPC potentialB
    Floor area570 sq ft (53 m²)
    EPC dateFeb 2017
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    16 Jul 2020

    £150,000

    8 Feb 2008

    £169,995

    Key Metrics

    Estimated valuation£162,375
    Value per sq ft / m²£285/sq ft (£3,064/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    CO4 district percentile7th percentile
    National percentile15th percentile

    District Context — CO4

    CO4 covers the Colchester area in Essex, positioned in the southeast of England. It is a mixed residential and commuter district with a blend of urban and suburban character, serving both local families and those working further afield.

    Average Property Price - CO4

    £347,292

    55

    National percentile

    Average Net Household Income - CO4

    £34,873

    31

    National percentile

    10-Year Annualised Price Growth - CO4

    4.6%

    82

    National percentile

    10-Year Annualised Rent Growth - CO

    4.8%

    93

    National percentile

    View full analysis for CO4

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