According to the public record, 164, Avon Way, Colchester is a mid-century leasehold apartment and with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Avon Way, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
164, Avon Way, Colchester has 21 entries in the Land Registry database, most recently in March 2007 and 2 entries in the EPC database, most recently in July 2020.
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 164 Avon Way Colchester as £142,813 and the rental value as £860 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 164 Avon Way Colchester has increased by £243 (0.2%) and its rental value has increased by £67 per month (7.8%).
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 164, Avon Way, Colchester is in very good condition we estimate a sale value of £149,954 and rental value of £903 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,816 and a rental value of £800 per month.
If you were able to purchase this property for the estimated value of £142,813, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £702 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 HM Land Registry, 164, Avon Way, Colchester was last sold on 30 Mar 2007 for £113,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2007, the market for similar properties has risen 31.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 164, Avon Way, Colchester within a radius of 473m over the last 2 years.
The most recent example is 24, Buckingham Drive, Colchester, CO4 3YH, a Leasehold flat which sold for £125,000 in Sep 2023.
Read more about house prices in CO4.
Avon Way, Colchester, CO4 has a total of 416 addresses. According to our analysis of all the public data, 164, Avon Way, Colchester is the 272nd largest and the 214th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in CO4.
164, Avon Way, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jul 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 164, Avon Way, Colchester is Hythe (Essex) station which is 600 m 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 164, Avon Way, Colchester, 57.5% of property is socially rented and 28.7% is privately 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 164, Avon Way, Colchester, 38.3% of residents are recorded as possessing school level qualifications and 18.2% 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 164, Avon Way, Colchester, the average age was 32.8 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 164, Avon 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 164, Avon Way, Colchester, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.