5, Mercers Way
5, Mercers Way
Description & Estimates
5, Mercers Way, Colchester is described in the public record as an early-century house with 699 ft2 of internal area, sitting on a 177 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Mercers Way, Colchester is £263,301 and its rental estimate is £1,293 per month, given the available information and assuming reasonable condition.
Mercers Way, Colchester, CO1 falls within the CO1 postal district, in the borough of Colchester.
Our Data Sources
5, Mercers Way, Colchester has no records in the the Land Registry and a single entry in the EPC database dated March 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 5, Mercers Way, Colchester, we estimate a market value of £276,466 and a rental value of £1,358 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £244,870 and £1,202 per month respectively.
Recent Market Change
Over the last year, 5, Mercers Way, Colchester has seen its estimated sale value move down by £2,741 (1.0%) and its estimated rental value increase by £23 per month (1.8%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 5, Mercers Way, Colchester as measuring 177 m2.
That makes it the 31st largest plot in the postcode, where all 34 other houses have recorded plot data.
Energy Efficiency
5, Mercers Way, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Mercers Way, Colchester have sold within a radius of 490 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th June 2023, was 55, Cowdray Avenue, Colchester, CO1 1US, a freehold house which sold for £247,500.
Read more about house prices in CO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 34 addresses on Mercers Way, Colchester, CO1, 5, Mercers Way, Colchester comes out as the 29th largest and the 29th most expensive in our analysis of the public data.
It is also £29k more expensive than the average property across the CO1 district.
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Schools Nearby
- 200mNorth Primary School and Nursery
- 1.1kmSt James the Great Church of England Primary School
- 1.1kmSt Thomas More's Catholic Primary School, Colchester
- 600mSt Helena School
- 1.3kmColchester Royal Grammar School
- 2.0kmSt Benedict's Catholic College
More reading links
Public Transport Nearby
From 5, Mercers Way, Colchester, the nearest station is Colchester, 600 metres away.
- 600mColchester
- 1.2kmColchester Town
- 2.4kmHythe (Essex)
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
