According to the public record, 7, River Bank Walk, Colchester is a modern freehold house with 775 ft2 of internal area and sits on a 211 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
River Bank Walk, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
7, River Bank Walk, Colchester has 2 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated November 2011.
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 7 River Bank Walk Colchester as £286,743 and the rental value as £1,281 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 7 River Bank Walk Colchester has decreased by £3,571 (1.2%) and its rental value has increased by £65 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 7, River Bank Walk, Colchester is in very good condition we estimate a sale value of £301,080 and rental value of £1,345 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,671 and a rental value of £1,191 per month.
If you were able to purchase this property for the estimated value of £286,743, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,409 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, 7, River Bank Walk, Colchester sits on a plot of 211m2.
We have plot size data on 26 out of 27 other houses in the postcode and 7, River Bank Walk, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 7, River Bank Walk, Colchester was last sold on 25 Apr 2019 for £259,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2019, the market for similar properties has risen 15.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, River Bank Walk, Colchester within a radius of 700 metres over the last 2 years.
The most recent example is 25, Meander Mews, Colchester, CO1 1QD, a Freehold house which sold for £352,500 in Jul 2023.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
River Bank Walk, Colchester, CO1 has a total of 27 addresses. According to our analysis of all the public data, 7, River Bank Walk, Colchester is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £24k more expensive than the average property in CO1.
7, River Bank Walk, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Nov 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7, River Bank Walk, Colchester is Colchester Town station which is 1.2 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 7, River Bank Walk, 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 7, River Bank Walk, 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 7, River Bank Walk, 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 7, River Bank Walk, 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 7, River Bank Walk, 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.