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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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15, Wells Road, Colchester appears in the public record as a freehold house.
By comparing it to nearby properties, we estimate it to be a mid-century house with 802 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 15, Wells Road, Colchester is £307,976 and its rental estimate is £1,315 per month, given the available information and assuming reasonable condition.
Wells Road, Colchester, CO1 falls within the CO1 postal district, in the borough of Colchester.
15, Wells Road, Colchester has a single entry in the Land Registry from April 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 15, Wells Road, Colchester, we estimate a market value of £323,375 and a rental value of £1,381 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £286,418 and £1,223 per month respectively.
Over the last year, 15, Wells Road, Colchester has seen its estimated sale value move down by £3,206 (1.0%) and its estimated rental value increase by £23 per month (1.8%). This results in an estimated gross rental yield of 5.1%.
The most recent sale of 15, Wells Road, Colchester completed on 18th April 2008 at £190,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 31.0% over the period since April 2008.
Over the past 2 years 3 properties similar to 15, Wells Road, Colchester have sold within a radius of 560 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th August 2024, was 30, Bristol Road, Colchester, CO1 2YU, a freehold house which sold for £317,000.
Read more about house prices in CO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 42 addresses on Wells Road, Colchester, CO1, 15, Wells Road, Colchester comes out as the 42nd largest and the 41st most expensive in our analysis of the public data.
It is also £74k more expensive than the average property across the CO1 district.
From 15, Wells Road, Colchester, the nearest station is Colchester Town, 1.0 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Wells Road, Colchester, % of property is and % is .
The graph below shows how this compares to East of England 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 15, Wells Road, Colchester, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 15, Wells Road, 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 15, Wells Road, Colchester, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
