According to the public record, 7, Thompson Avenue, Colchester is a mid-century freehold house with 850 ft2 of internal area and sits on a 618 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Thompson Avenue, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
7, Thompson Avenue, Colchester has a single entry in the Land Registry database from May 2018 and a single entry in the EPC database dated January 2018.
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 Thompson Avenue Colchester as £363,016 and the rental value as £1,506 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 7 Thompson Avenue Colchester has decreased by £1,759 (0.5%) and its rental value has increased by £66 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 7, Thompson Avenue, Colchester is in very good condition we estimate a sale value of £381,167 and rental value of £1,581 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,605 and a rental value of £1,401 per month.
If you were able to purchase this property for the estimated value of £363,016, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,784 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, Thompson Avenue, Colchester sits on a plot of 618m2.
We have plot size data on 22 out of 34 other houses in the postcode and 7, Thompson Avenue, Colchester sits on the 2nd largest plot.
According to HM Land Registry, 7, Thompson Avenue, Colchester was last sold on 04 May 2018 for £320,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2018, the market for similar properties has risen 16.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Thompson Avenue, Colchester within a radius of 680 metres over the last 2 years.
The most recent example is 19, Thompson Avenue, Colchester, CO3 4HN, a Freehold house which sold for £360,000 in Sep 2023.
Read more about house prices in CO3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thompson Avenue, Colchester, CO3 has a total of 53 addresses. According to our analysis of all the public data, 7, Thompson Avenue, Colchester is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £11k less expensive than the average property in CO3.
7, Thompson Avenue, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Jan 2018.
The property is connected to mains gas and has mostly secondary glazing. It is heated using a boiler and radiators.
The closest station to 7, Thompson Avenue, Colchester is Colchester station which is 2.8 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, Thompson Avenue, Colchester, 66.1% of property is privately owned outright and 21.7% 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, Thompson Avenue, Colchester, 15.5% of residents are recorded as possessing school level qualifications and 31.6% 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, Thompson Avenue, 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 7, Thompson Avenue, Colchester, 1.6% 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, Thompson Avenue, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.