66, Michael Wright Way
66, Michael Wright Way
Description & Estimates
Public records show 66, Michael Wright Way, Colchester to be a modern freehold house with 1,786 ft2 of internal area, sitting on a 966 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
66, Michael Wright Way, Colchester has an estimated sale value of £708,694 and an estimated rental value of £2,182 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
66, Michael Wright Way, Colchester has a single entry in the Land Registry from February 2023 and a single entry in the EPC database dated January 2023.
We combine this information with that 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
In very good condition, we estimate 66, Michael Wright Way, Colchester would be worth £744,129, with a potential rental value of £2,291 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £659,085, with a rental value of £2,029 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 66, Michael Wright Way, Colchester has dropped by £3,207 (0.5%) over the last year. During the same period, its estimated monthly rental value has risen by £56 (2.6%). The property's estimated gross yield is currently 3.7%.
Plot Size
66, Michael Wright Way, Colchester occupies a 966 m2 plot as recorded by HM Land Registry.
Of the 57 other houses in this postcode, 41 have recorded plot sizes, and this one ranks as the 3rd largest.
Energy Efficiency
66, Michael Wright Way, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Jan 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
66, Michael Wright Way, Colchester last changed hands on 8th February 2023, selling for £755,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 2.8% since February 2023.
- Sold Feb 2023£755,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.9 kilometres of 66, Michael Wright Way, Colchester across the last 2 years.
Most recently, 2, Lang Way, Colchester, CO7 8TR, a freehold house, sold at £780,000 on the 17th April 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 66, Michael Wright Way, Colchester as the 6th largest and the 2nd most expensive of the 57 addresses on Michael Wright Way, Great Bentley, Colchester, CO7.
Against the CO7 postcode district average, it is £313k 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 66, 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.
