42, Michael Wright Way
42, Michael Wright Way
Description & Estimates
The public record describes 42, Michael Wright Way, Colchester as a modern house with 861 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
42, Michael Wright Way, Colchester has an estimated sale value of £403,222 and an estimated rental value of £1,414 per month, assuming reasonable condition and based on the information available.
Michael Wright Way, Great Bentley, Colchester, CO7 lies in the borough of Tendring, within the CO7 postal district.
Our Data Sources
42, Michael Wright Way, Colchester has no records in the the Land Registry and a single entry in the EPC database dated April 2022.
We combine this information with public data 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.
Price Range & Condition
In very good condition, we estimate 42, Michael Wright Way, Colchester would be worth £423,383, with a potential rental value of £1,484 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £374,996, with a rental value of £1,315 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 42, Michael Wright Way, Colchester has moved down by £2,751 (0.7%) over the last year. During the same period, its estimated monthly rental value has increased by £31 (2.2%). The property's estimated gross yield is currently 4.2%.
Energy Efficiency
42, Michael Wright Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Apr 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.9 kilometres of 42, Michael Wright Way, Colchester across the last 2 years.
Most recently, 11, Lang Way, Colchester, CO7 8TR, a freehold house, sold at £1,300,000 on the 3rd September 2024.
Read more about house prices in CO7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 42, Michael Wright Way, Colchester as the 51st largest and the 55th most expensive of the 57 addresses on Michael Wright Way, Great Bentley, Colchester, CO7.
Against the CO7 postcode district average, it is £8k more expensive than the typical property.
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Schools Nearby
- 800mGreat Bentley Primary School
- 3.2kmWeeley St Andrew's CofE Primary School
- 4.0kmTendring Primary School
- 5.4kmColne Community School
- 8.1kmLift Clacton
- 9.2kmClacton County High School
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Public Transport Nearby
Great Bentley station is the nearest stop to 42, Michael Wright Way, Colchester at 800 metres away.
- 800mGreat Bentley
- 3.1kmWeeley
- 5.1kmAlresford (Essex)
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
