According to the public record, 21, Chaucer Way, Colchester is a mid-century freehold house with 839 ft2 of internal area and sits on a 236 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chaucer Way, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
21, Chaucer Way, Colchester has 31 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated April 2023.
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 21 Chaucer Way Colchester as £337,392 and the rental value as £1,454 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 21 Chaucer Way Colchester has decreased by £1,635 (0.5%) and its rental value has increased by £63 per month (4.4%).
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 21, Chaucer Way, Colchester is in very good condition we estimate a sale value of £354,261 and rental value of £1,527 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,774 and a rental value of £1,353 per month.
If you were able to purchase this property for the estimated value of £337,392, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,658 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, 21, Chaucer Way, Colchester sits on a plot of 236m2.
We have plot size data on 12 out of 22 other houses in the postcode and 21, Chaucer Way, Colchester sits on the 12th largest plot.
According to HM Land Registry, 21, Chaucer Way, Colchester was last sold on 11 Aug 2023 for £335,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2023, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Chaucer Way, Colchester within a radius of 660 metres over the last 2 years.
The most recent example is 23, Byron Avenue, Colchester, CO3 4HG, a Freehold house which sold for £370,000 in May 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chaucer Way, Colchester, CO3 has a total of 54 addresses. According to our analysis of all the public data, 21, Chaucer Way, Colchester is the 54th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in CO3.
21, Chaucer Way, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Apr 2023.
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 21, Chaucer Way, Colchester is Colchester station which is 3.0 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 21, Chaucer Way, Colchester, 44.8% of property is privately owned outright and 43.3% 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 21, Chaucer Way, Colchester, 19.3% of residents are recorded as possessing school level qualifications and 32.4% 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 21, Chaucer Way, Colchester, the average age was 43.4 and the most common age was 52.
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 21, Chaucer 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 21, Chaucer Way, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.