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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
According to the public record, 2, Smith Way, Colchester is a modern freehold house with 1,722 ft2 of internal area and sits on a 504 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Smith Way, Colchester is £576,326 and the estimated rental value is £2,076 per month.
Smith Way, Colchester, CO4 is located in the borough of Tendring within the CO4 postal district.
2, Smith Way, Colchester has a single entry in the Land Registry from July 2020 and a single entry in the EPC database dated July 2020.
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.
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, Smith Way, Colchester is in very good condition we estimate a sale value of £605,143 and a rental value of £2,179 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £535,983 and a rental value of £1,930 per month.
Over the last 12 months the sale value of 2 Smith Way Colchester has decreased by an estimated £5,236 (0.9%) and its rental value has increased by an estimated £53 per month (2.5%), giving an expected gross yield of 4.3%.
According to data from HM Land Registry, 2, Smith Way, Colchester sits on a plot of 504m2.
We have plot size data on 3 out of 3 other houses in the postcode and 2, Smith Way, Colchester sits on the largest plot.
2, Smith Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Jul 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Smith Way, Colchester was last sold on 31st July 2020 for £509,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since July 2020, the market for similar properties has risen 14.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Smith Way, Colchester within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 2, Memorial Way, Colchester, CO4 9AU, a freehold house which sold for £504,995 on the 30th September 2020.
Read more about house prices in CO4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Smith Way, Colchester, CO4 has a total of 3 addresses. According to our analysis of all the public data, 2, Smith Way, Colchester is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £266k more expensive than the average property in CO4.
The closest station to 2, Smith Way, Colchester is Colchester station which is 3.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Smith Way, 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 2, Smith Way, 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 2, Smith 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 2, Smith Way, 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.
