According to the public record, 16, Wells Road, Colchester is a mid-century freehold house with 957 ft2 of internal area and sits on a 529 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Wells Road, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
16, Wells Road, Colchester has a single entry in the Land Registry database from September 2019 and a single entry in the EPC database dated February 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 16 Wells Road Colchester as £361,168 and the rental value as £1,410 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 16 Wells Road Colchester has decreased by £4,498 (1.2%) and its rental value has increased by £72 per month (5.1%).
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 16, Wells Road, Colchester is in very good condition we estimate a sale value of £379,226 and rental value of £1,481 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £335,886 and a rental value of £1,312 per month.
If you were able to purchase this property for the estimated value of £361,168, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,775 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, 16, Wells Road, Colchester sits on a plot of 529m2.
We have plot size data on 9 out of 18 other houses in the postcode and 16, Wells Road, Colchester sits on the largest plot.
According to HM Land Registry, 16, Wells Road, Colchester was last sold on 19 Sep 2019 for £320,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has risen 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Wells Road, Colchester within a radius of 540 metres over the last 2 years.
The most recent example is 7, Wells Road, Colchester, CO1 2YN, a Freehold house which sold for £357,000 in Jul 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wells Road, Colchester, CO1 has a total of 42 addresses. According to our analysis of all the public data, 16, Wells Road, Colchester is the 37th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £99k more expensive than the average property in CO1.
16, Wells Road, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Feb 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using warm air.
The closest station to 16, Wells Road, Colchester is Colchester Town station which is 1.0 kilometres 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 16, Wells Road, Colchester, 44.1% of property is privately owned outright and 28.8% is privately owned with a mortgage.
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 16, Wells Road, Colchester, 10.5% of residents are recorded as possessing school level qualifications and 63.5% 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 16, Wells Road, Colchester, the average age was 40 and the most common age was 27.
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 16, Wells 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 16, Wells Road, Colchester, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.