4, Mill Lane
4, Mill Lane
Description & Estimates
4, Mill Lane, Colchester is described in the public record as a mid-century house with 947 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 4, Mill Lane, Colchester is £365,578 and its rental estimate is £1,640 per month, given the available information and assuming reasonable condition.
Mill Lane, Birch, Colchester, CO2 falls within the CO2 postal district, in the borough of Colchester.
Our Data Sources
4, Mill Lane, Colchester has no records in the the Land Registry and a single entry in the EPC database dated June 2018.
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 4, Mill Lane, Colchester, we estimate a market value of £383,857 and a rental value of £1,722 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £339,988 and £1,525 per month respectively.
Recent Market Change
Over the last year, 4, Mill Lane, Colchester has seen its estimated sale value decrease by £4,968 (1.4%) and its estimated rental value grow by £34 per month (2.1%). This results in an estimated gross rental yield of 5.4%.
Energy Efficiency
4, Mill Lane, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Jun 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 4, Mill Lane, Colchester have sold within a radius of 4.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th September 2023, was 11, Luard Way, Colchester, CO2 0LR, a freehold house which sold for £390,000.
Read more about house prices in CO2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 56 addresses on Mill Lane, Birch, Colchester, CO2, 4, Mill Lane, Colchester comes out as the 32nd largest and the 33rd most expensive in our analysis of the public data.
It is also £83k more expensive than the average property across the CO2 district.
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Schools Nearby
- 900mBirch Church of England Voluntary Aided Primary School
- 2.7kmLayer-de-la-Haye Church of England Voluntary Controlled Primary School
- 4.2kmCopford Church of England Voluntary Controlled Primary School
- 5.2kmThurstable School
- 5.3kmPaxman Academy
- 5.4kmThe Stanway School
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Public Transport Nearby
From 4, Mill Lane, Colchester, the nearest station is Marks Tey, 5.5 kilometres away.
- 5.5kmMarks Tey
- 8.0kmKelvedon
- 8.1kmColchester Town
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.
