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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 40, Rouse Way, Colchester is a modern leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Rouse Way, Colchester is £186,180 and the estimated rental value is £1,040 per month.
Rouse Way, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
40, Rouse Way, Colchester has 21 entries in the Land Registry , most recently in November 2022 and a single entry in the EPC database dated April 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 40, Rouse Way, Colchester is in very good condition we estimate a sale value of £195,489 and a rental value of £1,092 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £173,147 and a rental value of £967 per month.
Over the last 12 months the sale value of 40 Rouse Way Colchester has increased by an estimated £177 (0.1%) and its rental value has increased by an estimated £28 per month (2.7%), giving an expected gross yield of 6.7%.
40, Rouse Way, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Apr 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 40, Rouse Way, Colchester was last sold on 11th November 2022 for £236,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since November 2022, the market for similar properties has dropped 10.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Rouse Way, Colchester within a radius of 540 metres over the last 2 years.
The most recent example is 26, Rouse Way, Colchester, CO1 2TT, a leasehold flat which sold for £190,000 on the 31st October 2024.
Read more about house prices in CO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rouse Way, Colchester, CO1 has a total of 72 addresses. According to our analysis of all the public data, 40, Rouse Way, Colchester is the 68th largest and the 68th most expensive property on the street.
When compared to the postcode district it is £48k less expensive than the average property in CO1.
The closest station to 40, Rouse Way, Colchester is Hythe (Essex) station which is 1.0 kilometres 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 40, Rouse Way, Colchester, 42.2% of property is privately owned with a mortgage and 35.2% is privately owned outright.
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 40, Rouse Way, Colchester, 24.5% of residents are recorded as possessing school level qualifications and 42.6% 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 40, Rouse Way, Colchester, the average age was 40 and the most common age was 27.
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 40, Rouse Way, 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 40, Rouse Way, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
