According to the public record, 8, Homefield Way, Colchester is a modern freehold house and with 548 ft2 of internal area and sits on a 375 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Homefield Way, Earls Colne, Colchester, CO6 is located in the borough of Braintree within the CO6 postal district.
8, Homefield Way, Colchester has 21 entries in the Land Registry database, most recently in August 2014 and a single entry in the EPC database dated November 2013.
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 8 Homefield Way Colchester as £280,730 and the rental value as £1,099 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 8 Homefield Way Colchester has decreased by £1,983 (0.7%) and its rental value has increased by £52 per month (4.7%).
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, Homefield Way, Colchester is in very good condition we estimate a sale value of £294,766 and rental value of £1,154 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £261,079 and a rental value of £1,022 per month.
If you were able to purchase this property for the estimated value of £280,730, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,380 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, Homefield Way, Colchester sits on a plot of 375m2.
We have plot size data on 20 out of 31 other houses in the postcode and 8, Homefield Way, Colchester sits on the 4th largest plot.
According to HM Land Registry, 8, Homefield Way, Colchester was last sold on 26 Aug 2014 for £232,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2014, the market for similar properties has risen 47.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Homefield Way, Colchester within a radius of 61m over the last 2 years.
The most recent example is 20, Homefield Way, Colchester, CO6 2SP, a Freehold house which sold for £345,000 in Sep 2021.
Read more about house prices in CO6.
Homefield Way, Earls Colne, Colchester, CO6 has a total of 53 addresses. According to our analysis of all the public data, 8, Homefield Way, Colchester is the 46th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £156k less expensive than the average property in CO6.
8, Homefield Way, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Nov 2013.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 8, Homefield Way, Colchester is Chappel & Wakes Colne station which is 4.2 km 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, Homefield Way, Colchester, 36.2% of property is privately owned outright and 26.0% is socially rented.
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, Homefield Way, Colchester, 18.6% of residents are recorded as possessing school level qualifications and 28.2% 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, Homefield Way, Colchester, the average age was 43.9 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 8, Homefield 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, Homefield Way, Colchester, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.