50, Michael Wright Way
50, Michael Wright Way
Description & Estimates
According to the public record, 50, Michael Wright Way, Colchester is a modern freehold house with 936 ft2 of internal area and sits on a 688 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 50, Michael Wright Way, Colchester is £445,405 and the estimated rental value is £1,541 per month.
Michael Wright Way, Great Bentley, Colchester, CO7 is located in the borough of Tendring within the CO7 postal district.
Our Data Sources
50, Michael Wright Way, Colchester has a single entry in the Land Registry from April 2023 and a single entry in the EPC database dated July 2022.
We combine this information with that 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
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 50, Michael Wright Way, Colchester is in very good condition we estimate a sale value of £467,675 and a rental value of £1,618 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £414,227 and a rental value of £1,433 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 50, Michael Wright Way, Colchester has decreased by £3,039 (0.7%), while its estimated rental value has grown by £34 per month (2.2%). Based on current estimates, the property offers a gross rental yield of 4.2%.
Plot Size
According to data from HM Land Registry, 50, Michael Wright Way, Colchester sits on a plot of 688 m2.
We have plot size data on 41 out of 57 other houses in the postcode and 50, Michael Wright Way, Colchester sits on the 12th largest plot.
Energy Efficiency
50, Michael Wright Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Jul 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 50, Michael Wright Way, Colchester was last sold on 26th April 2023 for £450,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since April 2023, the market for similar properties has dropped by 0.4%.
- Sold Apr 2023£450,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Michael Wright Way, Colchester within a radius of 2.9 kilometres over the last 2 years.
The most recent example is 33, Michael Wright Way, Colchester, CO7 8GH, a freehold house which sold for £465,000 on the 18th November 2022.
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
Michael Wright Way, Great Bentley, Colchester, CO7 has a total of 57 addresses. According to our analysis of all the public data, 50, Michael Wright Way, Colchester is the 46th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £50k more expensive than the average property in CO7.
More reading links
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
More reading links
Public Transport Nearby
The closest station to 50, Michael Wright Way, Colchester is Great Bentley station, which is 800 metres away.
- 800mGreat Bentley
- 3.1kmWeeley
- 5.1kmAlresford (Essex)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
