12, Spring Lane
12, Spring Lane
Description & Estimates
12, Spring Lane, Colchester is recorded publicly as an early-century freehold house across 674 ft2 of internal area, sitting on a 1,621 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 12, Spring Lane, Colchester is £688,134 and its rental estimate is £2,400 per month, given the available information and assuming reasonable condition.
Spring Lane, Wivenhoe, Colchester, CO7 falls within the CO7 postal district, in the borough of Colchester.
Our Data Sources
12, Spring Lane, Colchester has 2 entries in the Land Registry , most recently in August 2017 and a single entry in the EPC database dated June 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 12, Spring Lane, Colchester, we estimate a market value of £722,541 and a rental value of £2,520 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £639,965 and £2,232 per month respectively.
Recent Market Change
Over the last year, 12, Spring Lane, Colchester has seen its estimated sale value move down by £8,282 (1.2%) and its estimated rental value increase by £47 per month (2.0%). This results in an estimated gross rental yield of 4.2%.
Plot Size
HM Land Registry records the plot of land for 12, Spring Lane, Colchester as measuring 1,621 m2.
That makes it the largest plot in the postcode, where 14 of the 15 other houses have recorded plot data.
Energy Efficiency
12, Spring Lane, Colchester has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 03 Jun 2011.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 12, Spring Lane, Colchester completed on 2nd August 2017 at £600,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 30.8% over the period since August 2017.
- Sold Aug 2017£600,000
- Sold Aug 2011£223,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 750 metres of 12, Spring Lane, Colchester, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd February 2021, was 4, Valfreda Way, Colchester, CO7 9PJ, a freehold house which sold for £350,000.
Read more about house prices in CO7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 15 addresses on Spring Lane, Wivenhoe, Colchester, CO7, 12, Spring Lane, Colchester comes out as the 15th largest and the most expensive in our analysis of the public data.
It is also £292k more expensive than the average property across the CO7 district.
More reading links
Schools Nearby
- 400mBroomgrove Infant School
- 400mBroomgrove Junior School
- 1.0kmMillfields Primary School
- 3.6kmColchester Academy
- 3.9kmThe Thomas Lord Audley School
- 5.5kmColchester Royal Grammar School
More reading links
Public Transport Nearby
From 12, Spring Lane, Colchester, the nearest station is Wivenhoe, 1.0 kilometres away.
- 1.0kmWivenhoe
- 2.8kmAlresford (Essex)
- 3.2kmHythe (Essex)
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
