According to the public record, 8, Avon Way, Colchester is a mid-century house with 925 ft2 of internal area and sits on a 171 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Avon Way, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
8, Avon Way, Colchester has no records in the Land Registry database and a single entry in the EPC database dated October 2016.
We combine this information with public data 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 8 Avon Way Colchester as £274,252 and the rental value as £1,358 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 8 Avon Way Colchester has decreased by £1,010 (0.4%) and its rental value has increased by £91 per month (6.7%).
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 8, Avon Way, Colchester is in very good condition we estimate a sale value of £287,964 and rental value of £1,426 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,054 and a rental value of £1,263 per month.
If you were able to purchase this property for the estimated value of £274,252, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,348 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, 8, Avon Way, Colchester sits on a plot of 171m2.
We have plot size data on 5 out of 10 other houses in the postcode and 8, Avon Way, Colchester sits on the 4th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Avon Way, Colchester within a radius of 610 metres over the last 2 years.
The most recent example is 32, Thorpe Walk, Colchester, CO4 3TH, a Freehold house which sold for £270,000 in Aug 2023.
Read more about house prices in CO4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Avon Way, Colchester, CO4 has a total of 416 addresses. According to our analysis of all the public data, 8, Avon Way, Colchester is the 63rd largest and the 13th most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in CO4.
8, Avon Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Oct 2016.
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 8, Avon Way, Colchester is Hythe (Essex) station which is 1.4 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 8, Avon Way, Colchester, 38.9% of property is socially rented and 25.2% is privately owned outright.
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 8, Avon Way, Colchester, 37.9% of residents are recorded as possessing school level qualifications and 15.1% 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 8, Avon Way, Colchester, the average age was 32.8 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 8, Avon Way, 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 8, Avon Way, 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.