5, Mill Lane
5, Mill Lane
Description & Estimates
The public record describes 5, Mill Lane, Colchester as a mid-century apartment with 656 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
5, Mill Lane, Colchester has an estimated sale value of £201,846 and an estimated rental value of £1,089 per month, assuming reasonable condition and based on the information available.
Mill Lane, Birch, Colchester, CO2 lies in the borough of Colchester, within the CO2 postal district.
Our Data Sources
5, Mill Lane, Colchester has no records in the the Land Registry and a single entry in the EPC database dated May 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 5, Mill Lane, Colchester would be worth £211,938, with a potential rental value of £1,143 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £187,717, with a rental value of £1,013 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, Mill Lane, Colchester has declined by £1,050 (0.5%) over the last year. During the same period, its estimated monthly rental value has climbed by £32 (3.0%). The property's estimated gross yield is currently 6.5%.
Energy Efficiency
5, Mill Lane, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 May 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
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 4.6 kilometres of 5, Mill Lane, Colchester across the last 2 years.
Most recently, 9, Heather Close, Colchester, CO2 0EQ, a leasehold flat, sold at £160,000 on the 24th November 2020.
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
Our analysis of the public data ranks 5, Mill Lane, Colchester as the 52nd largest and the 53rd most expensive of the 56 addresses on Mill Lane, Birch, Colchester, CO2.
Against the CO2 postcode district average, it is £81k less expensive than the typical property.
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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
Marks Tey station is the nearest stop to 5, Mill Lane, Colchester at 5.5 kilometres away.
- 5.5kmMarks Tey
- 8.0kmKelvedon
- 8.1kmColchester Town
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
