3, Saffron Way
3, Saffron Way
Description & Estimates
3, Saffron Way, Colchester is recorded publicly as a mid-century freehold house across 418 ft2 of internal area, sitting on a 288 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 3, Saffron Way, Colchester is £229,268 and its rental estimate is £1,035 per month, given the available information and assuming reasonable condition.
Saffron Way, Tiptree, Colchester, CO5 falls within the CO5 postal district, in the borough of Colchester.
Our Data Sources
3, Saffron Way, Colchester has 21 entries in the Land Registry , most recently in March 2011 and a single entry in the EPC database dated August 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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, Saffron Way, Colchester, we estimate a market value of £240,732 and a rental value of £1,087 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £213,219 and £963 per month respectively.
Recent Market Change
Over the last year, 3, Saffron Way, Colchester has seen its estimated sale value decline by £4,095 (1.8%) and its estimated rental value climb by £20 per month (1.9%). This results in an estimated gross rental yield of 5.4%.
Plot Size
HM Land Registry records the plot of land for 3, Saffron Way, Colchester as measuring 288 m2.
That makes it the largest plot in the postcode, where 4 of the 9 other houses have recorded plot data.
Energy Efficiency
3, Saffron Way, Colchester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Aug 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Saffron Way, Colchester completed on 22nd March 2011 at £170,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 83.0% over the period since March 2011.
- Sold Mar 2011£170,000
- Sold Jan 2004£160,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 3, Saffron Way, Colchester have sold within a radius of 710 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th June 2011, was 33, Saffron Way, Colchester, CO5 0AY, a freehold house which sold for £170,000.
Read more about house prices in CO5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 55 addresses on Saffron Way, Tiptree, Colchester, CO5, 3, Saffron Way, Colchester comes out as the 55th largest and the 53rd most expensive in our analysis of the public data.
It is also £190k less expensive than the average property across the CO5 district.
More reading links
Schools Nearby
- 300mSt Luke's Church of England Controlled Primary School
- 600mTiptree Heath Primary School
- 1.0kmMilldene Primary School
- 1.1kmThurstable School
- 7.6kmLift New Rickstones
- 7.9kmLift Maltings
More reading links
Public Transport Nearby
From 3, Saffron Way, Colchester, the nearest station is Kelvedon, 4.5 kilometres away.
- 4.5kmKelvedon
- 7.3kmWitham
- 8.3kmMarks Tey
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.
