According to the public record, 12, Colonel Way, Colchester is a modern freehold house with 635 ft2 of internal area and sits on a 86.7 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Colonel Way, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
12, Colonel Way, Colchester has 2 entries in the Land Registry database, most recently in August 2018 and a single entry in the EPC database dated August 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12 Colonel Way Colchester as £235,462 and the rental value as £1,105 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 12 Colonel Way Colchester has decreased by £1,696 (0.7%) and its rental value has increased by £90 per month (8.1%).
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 12, Colonel Way, Colchester is in very good condition we estimate a sale value of £247,235 and rental value of £1,160 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £218,979 and a rental value of £1,028 per month.
If you were able to purchase this property for the estimated value of £235,462, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,157 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 12, Colonel Way, Colchester sits on a plot of 87m2.
We have plot size data on 18 out of 18 other houses in the postcode and 12, Colonel Way, Colchester sits on the 14th largest plot.
According to HM Land Registry, 12, Colonel Way, Colchester was last sold on 28 Aug 2018 for £215,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has risen 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Colonel Way, Colchester within a radius of 330 metres over the last 2 years.
The most recent example is 29, Parade Square, Colchester, CO2 7GP, a Leasehold house which sold for £250,000 in Jun 2022.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colonel Way, Colchester, CO2 has a total of 18 addresses. According to our analysis of all the public data, 12, Colonel Way, Colchester is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in CO2.
12, Colonel Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Aug 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 12, Colonel Way, Colchester is Colchester Town station which is 500 metres away.
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 12, Colonel Way, Colchester, 36.7% of property is privately rented and 26.6% is socially rented.
The graph below shows how this compares to Greater London 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 12, Colonel Way, Colchester, 33.6% of residents are recorded as possessing school level qualifications and 32.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Colonel Way, Colchester, the average age was 33.3 and the most common age was 22.
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 12, Colonel Way, 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 12, Colonel Way, Colchester, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.