According to the public record, 48, Barley Way, Colchester is a modern freehold house with 1,194 ft2 of internal area and sits on a 499 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Barley Way, Stanway, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
48, Barley Way, Colchester has a single entry in the Land Registry database from December 2020 and a single entry in the EPC database dated September 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 48 Barley Way Colchester as £442,297 and the rental value as £1,750 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 48 Barley Way Colchester has decreased by £4,871 (1.1%) and its rental value has increased by £68 per month (3.9%).
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 48, Barley Way, Colchester is in very good condition we estimate a sale value of £464,412 and rental value of £1,837 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £411,336 and a rental value of £1,627 per month.
If you were able to purchase this property for the estimated value of £442,297, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,174 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, 48, Barley Way, Colchester sits on a plot of 499m2.
We have plot size data on 28 out of 65 other houses in the postcode and 48, Barley Way, Colchester sits on the 11th largest plot.
According to HM Land Registry, 48, Barley Way, Colchester was last sold on 09 Dec 2020 for £425,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 9.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Barley Way, Colchester within a radius of 620 metres over the last 2 years.
The most recent example is 46, Barley Way, Colchester, CO3 0YD, a Freehold house which sold for £395,000 in Feb 2024.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Barley Way, Stanway, Colchester, CO3 has a total of 65 addresses. According to our analysis of all the public data, 48, Barley Way, Colchester is the 42nd largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £68k more expensive than the average property in CO3.
48, Barley Way, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Sep 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 48, Barley Way, Colchester is Colchester station which is 3.9 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 48, Barley Way, Colchester, 49.0% of property is privately owned outright and 46.1% 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 48, Barley Way, Colchester, 21.9% of residents are recorded as possessing school level qualifications and 42.1% 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 48, Barley Way, Colchester, the average age was 41.8 and the most common age was 32.
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 48, Barley Way, Colchester, 1.1% 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 48, Barley Way, Colchester, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.