2, Lancaster Way
2, Lancaster Way
Description & Estimates
According to the public record, 2, Lancaster Way, Colchester is a modern freehold house with 861 ft2 of internal area and sits on a 128 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Lancaster Way, Colchester is £299,297 and the estimated rental value is £1,443 per month.
Lancaster Way, Elmstead, Colchester, CO7 is located in the borough of Tendring within the CO7 postal district.
Our Data Sources
2, Lancaster Way, Colchester has a single entry in the Land Registry from March 2022 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 2, Lancaster Way, Colchester is in very good condition we estimate a sale value of £314,261 and a rental value of £1,515 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £278,346 and a rental value of £1,342 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Lancaster Way, Colchester has declined by £2,042 (0.7%), while its estimated rental value has climbed by £32 per month (2.2%). Based on current estimates, the property offers a gross rental yield of 5.8%.
Plot Size
According to data from HM Land Registry, 2, Lancaster Way, Colchester sits on a plot of 128 m2.
We have plot size data on 2 out of 5 other houses in the postcode and 2, Lancaster Way, Colchester sits on the 2nd largest plot.
Energy Efficiency
2, Lancaster Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Feb 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 2, Lancaster Way, Colchester was last sold on 17th March 2022 for £290,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2022, the market for similar properties has dropped by 2.2%.
- Sold Mar 2022£290,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lancaster Way, Colchester within a radius of 2.5 kilometres over the last 2 years.
The most recent example is 43, Meadow Close, Colchester, CO7 7HR, a freehold house which sold for £380,000 on the 23rd February 2026.
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
Lancaster Way, Elmstead, Colchester, CO7 has a total of 5 addresses. According to our analysis of all the public data, 2, Lancaster Way, Colchester is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in CO7.
More reading links
Schools Nearby
- 300mElmstead Primary School
- 2.7kmBroomgrove Infant School
- 2.7kmBroomgrove Junior School
- 3.4kmColchester Academy
- 5.9kmThe Gilberd School
- 5.9kmThe Trinity School
More reading links
Public Transport Nearby
The closest station to 2, Lancaster Way, Colchester is Alresford (Essex) station, which is 3.4 kilometres away.
- 3.4kmAlresford (Essex)
- 3.7kmWivenhoe
- 4.0kmHythe (Essex)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
