5, Gorse Way
5, Gorse Way
Description & Estimates
The public record lists 5, Gorse Way, Colchester as a freehold house sitting on a 287 m2 plot.
Comparison with its neighbours suggests a mid-century house with 1,056 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
5, Gorse Way, Colchester has an estimated sale value of £333,873 and an estimated rental value of £1,864 per month, assuming reasonable condition and based on the information available.
Gorse Way, Stanway, Colchester, CO3 lies in the borough of Colchester, within the CO3 postal district.
Our Data Sources
5, Gorse Way, Colchester has 41 entries in the Land Registry , most recently in October 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 5, Gorse Way, Colchester would be worth £350,567, with a potential rental value of £1,957 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £310,502, with a rental value of £1,734 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 5, Gorse Way, Colchester has moved down by £2,987 (0.9%) over the last year. During the same period, its estimated monthly rental value has increased by £41 (2.2%). The property's estimated gross yield is currently 6.7%.
Plot Size
5, Gorse Way, Colchester occupies a 287 m2 plot as recorded by HM Land Registry.
Of the 30 other houses in this postcode, 20 have recorded plot sizes, and this one ranks as the 12th largest.
Sold Prices
5, Gorse Way, Colchester last changed hands on 2nd October 2007, selling for £204,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has risen by 63.9% since October 2007.
- Sold Oct 2007£204,000
- Sold Jul 2003£174,995
- Sold Oct 2001£125,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 640 metres of 5, Gorse Way, Colchester across the last 2 years.
Most recently, 4, Pearmain Way, Colchester, CO3 0NP, a freehold house, sold at £310,000 on the 30th October 2024.
Read more about house prices in CO3.
- Sold Oct 2024£310,000 | 3 Bed House4, Pearmain Way, Colchester, CO3 0NP4, Pearmain Way, Colchester, CO3 0NP
- Sold Jul 2023£325,000 | 3 Bed House38, Gorse Way, Colchester, CO3 0QP38, Gorse Way, Colchester, CO3 0QP
- Sold Jun 2021£300,000 | 3 Bed House30, Gorse Way, Colchester, CO3 0QP30, Gorse Way, Colchester, CO3 0QP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 5, Gorse Way, Colchester as the 7th largest and the 7th most expensive of the 30 addresses on Gorse Way, Stanway, Colchester, CO3.
Against the CO3 postcode district average, it is £44k less expensive than the typical property.
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Schools Nearby
- 200mStanway Fiveways Primary School
- 500mLakelands Primary School
- 600mStanway Primary School
- 400mThe Stanway School
- 2.2kmPaxman Academy
- 2.2kmPhilip Morant School and College
More reading links
Public Transport Nearby
Marks Tey station is the nearest stop to 5, Gorse Way, Colchester at 3.9 kilometres away.
- 3.9kmMarks Tey
- 4.4kmColchester
- 4.5kmColchester Town
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
