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According to the public record, 3, Wallace Road, Colchester is a modern leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Wallace Road, Colchester is £199,840 and the estimated rental value is £1,022 per month.
Wallace Road, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
3, Wallace Road, Colchester has 51 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 3, Wallace Road, Colchester is in very good condition we estimate a sale value of £209,832 and a rental value of £1,073 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,851 and a rental value of £950 per month.
Over the last 12 months the sale value of 3 Wallace Road Colchester has decreased by an estimated £1,465 (0.7%) and its rental value has increased by an estimated £22 per month (2.2%), giving an expected gross yield of 6.1%.
3, Wallace Road, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 3, Wallace Road, Colchester was last sold on 29th April 2022 for £220,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since April 2022, the market for similar properties has dropped 14.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Wallace Road, Colchester within a radius of 570 metres over the last 2 years.
The most recent example is 211, Turner Road, Colchester, CO4 5XW, a leasehold flat which sold for £177,000 on the 14th May 2024.
Read more about house prices in CO4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wallace Road, Colchester, CO4 has a total of 48 addresses. According to our analysis of all the public data, 3, Wallace Road, Colchester is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £110k less expensive than the average property in CO4.
The closest station to 3, Wallace Road, Colchester is Colchester station which is 600 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Wallace Road, 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 3, Wallace Road, 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 3, Wallace Road, 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 3, Wallace Road, 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.
