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According to the public record, 39, Michael Wright Way, Colchester is a modern freehold house with 1,162 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 39, Michael Wright Way, Colchester is £495,324 and the estimated rental value is £1,645 per month.
Michael Wright Way, Great Bentley, Colchester, CO7 is located in the borough of Tendring within the CO7 postal district.
39, Michael Wright Way, Colchester has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated December 2022.
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 39, Michael Wright Way, Colchester is in very good condition we estimate a sale value of £520,090 and a rental value of £1,727 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £460,651 and a rental value of £1,530 per month.
Over the last 12 months the sale value of 39 Michael Wright Way Colchester has decreased by an estimated £3,380 (0.7%) and its rental value has increased by an estimated £36 per month (2.2%), giving an expected gross yield of 4%.
39, Michael Wright Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Dec 2022.
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, 39, Michael Wright Way, Colchester was last sold on 21st December 2022 for £485,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Michael Wright Way, Colchester within a radius of 2.9 kilometres over the last 2 years.
The most recent example is 37, Michael Wright Way, Colchester, CO7 8GH, a freehold house which sold for £485,000 on the 21st December 2022.
Read more about house prices in CO7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Michael Wright Way, Great Bentley, Colchester, CO7 has a total of 57 addresses. According to our analysis of all the public data, 39, Michael Wright Way, Colchester is the 25th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £100k more expensive than the average property in CO7.
The closest station to 39, Michael Wright Way, Colchester is Great Bentley station which is 800 metres away.
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 39, Michael Wright Way, Colchester, 53.2% of property is privately owned outright and 34.8% is privately owned with a mortgage.
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 39, Michael Wright Way, Colchester, 17.5% of residents are recorded as possessing school level qualifications and 29.2% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 39, Michael Wright Way, Colchester, the average age was 45.8 and the most common age was 72.
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 39, Michael Wright Way, Colchester, 1.3% 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 39, Michael Wright Way, Colchester, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
