According to the public record, 79, George Williams Way, Colchester is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
George Williams Way, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
79, George Williams Way, Colchester has 41 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated May 2021.
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 79 George Williams Way Colchester as £159,430 and the rental value as £883 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 79 George Williams Way Colchester has increased by £1,086 (0.7%) and its rental value has increased by £85 per month (9.6%).
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 79, George Williams Way, Colchester is in very good condition we estimate a sale value of £167,402 and rental value of £927 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,270 and a rental value of £821 per month.
If you were able to purchase this property for the estimated value of £159,430, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £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 HM Land Registry, 79, George Williams Way, Colchester was last sold on 31 Mar 2016 for £144,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2016, the market for similar properties has risen 19.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 79, George Williams Way, Colchester within a radius of 360 metres over the last 2 years.
The most recent example is 33, George Williams Way, Colchester, CO1 2JP, a Leasehold flat which sold for £170,000 in Feb 2024.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
George Williams Way, Colchester, CO1 has a total of 189 addresses. According to our analysis of all the public data, 79, George Williams Way, Colchester is the 121st largest and the 145th most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in CO1.
79, George Williams Way, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 May 2021.
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 79, George Williams Way, Colchester is Colchester Town station which is 400 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 79, George Williams Way, Colchester, 68.1% of property is privately rented and 20.8% 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 79, George Williams Way, Colchester, 15.1% of residents are recorded as possessing school level qualifications and 47.9% 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 79, George Williams Way, Colchester, the average age was 33.3 and the most common age was 22.
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 79, George Williams Way, Colchester, 0.7% 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 79, George Williams Way, Colchester, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.