According to the public record, 7, Spindrift Way, Colchester is a modern freehold house with 1,905 ft2 of internal area.
Houses of this size in this area normally have 5 bedrooms with a garden.
Spindrift Way, Wivenhoe, Colchester, CO7 is located in the borough of Colchester within the CO7 postal district.
7, Spindrift Way, Colchester has 21 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated June 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 7 Spindrift Way Colchester as £694,002 and the rental value as £2,211 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 7 Spindrift Way Colchester has decreased by £17,062 (2.5%) and its rental value has increased by £140 per month (6.3%).
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, Spindrift Way, Colchester is in very good condition we estimate a sale value of £728,702 and rental value of £2,322 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £645,422 and a rental value of £2,057 per month.
If you were able to purchase this property for the estimated value of £694,002, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,411 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, 7, Spindrift Way, Colchester was last sold on 18 Nov 2021 for £650,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has risen 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Spindrift Way, Colchester within a radius of 650 metres over the last 2 years.
The most recent example is 77, Old Ferry Road, Colchester, CO7 9SW, a Freehold house which sold for £675,000 in May 2023.
Read more about house prices in CO7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spindrift Way, Wivenhoe, Colchester, CO7 has a total of 30 addresses. According to our analysis of all the public data, 7, Spindrift Way, Colchester is the largest and the most expensive property on the street.
When compared to the postcode district it is £303k more expensive than the average property in CO7.
7, Spindrift Way, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jun 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 7, Spindrift Way, Colchester is Wivenhoe station which is 100 metres 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, Spindrift Way, Colchester, 42.7% of property is privately owned outright and 26.8% 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, Spindrift Way, Colchester, 15.8% of residents are recorded as possessing school level qualifications and 53.3% 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, Spindrift Way, Colchester, the average age was 41 and the most common age was 17.
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, Spindrift 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 7, Spindrift Way, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.