2, Powell Way
2, Powell Way
Description & Estimates
According to the public record, 2, Powell Way, Colchester is a modern freehold house with 656 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Powell Way, Colchester is £355,901 and the estimated rental value is £1,287 per month.
Powell Way, Elmstead, Colchester, CO7 is located in the borough of Tendring within the CO7 postal district.
Our Data Sources
2, Powell Way, Colchester has a single entry in the Land Registry from April 2024 and a single entry in the EPC database dated August 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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, Powell Way, Colchester is in very good condition we estimate a sale value of £373,696 and a rental value of £1,352 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £330,988 and a rental value of £1,197 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 2, Powell Way, Colchester has declined by £4,284 (1.2%), while its estimated rental value has climbed by £25 per month (2.0%). Based on current estimates, the property offers a gross rental yield of 4.3%.
Energy Efficiency
2, Powell Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Aug 2023.
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, Powell Way, Colchester was last sold on 11th April 2024 for £363,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2024, the market for similar properties has dropped by 1.6%.
- Sold Apr 2024£363,000
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, Powell Way, Colchester within a radius of 2.5 kilometres over the last 2 years.
The most recent example is 4, Powell Way, Colchester, CO7 7XR, a freehold house which sold for £270,000 on the 30th April 2024.
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
Powell Way, Elmstead, Colchester, CO7 has a total of 8 addresses. According to our analysis of all the public data, 2, Powell Way, Colchester is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in CO7.
More reading links
Schools Nearby
- 600mElmstead Primary School
- 2.6kmMillfields Primary School
- 2.7kmBroomgrove Infant School
- 3.9kmColchester Academy
- 6.1kmThe Thomas Lord Audley School
- 6.4kmThe Gilberd School
More reading links
Public Transport Nearby
The closest station to 2, Powell Way, Colchester is Alresford (Essex) station, which is 2.9 kilometres away.
- 2.9kmAlresford (Essex)
- 3.5kmWivenhoe
- 4.4kmHythe (Essex)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
