3, Francis Way
3, Francis Way
Description & Estimates
3, Francis Way, Colchester is described in the public record as a mid-century apartment with 344 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 3, Francis Way, Colchester is £101,649 and its rental estimate is £649 per month, given the available information and assuming reasonable condition.
Francis Way, Colchester, CO4 falls within the CO4 postal district, in the borough of Colchester.
Our Data Sources
3, Francis Way, Colchester has no records in the the Land Registry and a single entry in the EPC database dated July 2020.
We combine this information with public data 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
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 3, Francis Way, Colchester, we estimate a market value of £106,731 and a rental value of £681 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £94,534 and £603 per month respectively.
Recent Market Change
Over the last year, 3, Francis Way, Colchester has seen its estimated sale value rise by £487 (0.5%) and its estimated rental value move up by £25 per month (3.9%). This results in an estimated gross rental yield of 7.7%.
Energy Efficiency
3, Francis Way, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jul 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Francis Way, Colchester have sold within a radius of 580 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th October 2022, was 13, Francis Way, Colchester, CO4 3DZ, a leasehold flat which sold for £99,000.
Read more about house prices in CO4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 29 addresses on Francis Way, Colchester, CO4, 3, Francis Way, Colchester comes out as the 24th largest and the 24th most expensive in our analysis of the public data.
It is also £211k less expensive than the average property across the CO4 district.
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Schools Nearby
- 200mParsons Heath Church of England Voluntary Controlled Primary School
- 500mRoach Vale Primary School
- 500mFriars Grove Primary School
- 800mColchester Academy
- 2.0kmThe Gilberd School
- 2.1kmThe Trinity School
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Public Transport Nearby
From 3, Francis Way, Colchester, the nearest station is Hythe (Essex), 1.7 kilometres away.
- 1.7kmHythe (Essex)
- 2.5kmColchester Town
- 2.7kmColchester
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.
