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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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7, Penny Close, Colchester is recorded publicly as a modern freehold house across 1,700 ft2 of internal area, sitting on a 608 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 7, Penny Close, Colchester is £551,204 and its rental estimate is £1,944 per month, given the available information and assuming reasonable condition.
Penny Close, Colchester, CO4 falls within the CO4 postal district, in the borough of Colchester.
7, Penny Close, Colchester has a single entry in the Land Registry from October 2018 and a single entry in the EPC database dated October 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 7, Penny Close, Colchester, we estimate a market value of £578,764 and a rental value of £2,042 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £512,620 and £1,808 per month respectively.
Over the last year, 7, Penny Close, Colchester has seen its estimated sale value drop by £6,305 (1.1%) and its estimated rental value rise by £51 per month (2.6%). This results in an estimated gross rental yield of 4.2%.
HM Land Registry records the plot of land for 7, Penny Close, Colchester as measuring 608 m2.
That makes it the largest plot in the postcode, where 12 of the 15 other houses have recorded plot data.
7, Penny Close, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Oct 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 7, Penny Close, Colchester completed on 17th October 2018 at £510,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 12.8% over the period since October 2018.
Over the past 2 years 3 properties similar to 7, Penny Close, Colchester have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th December 2023, was 8, Penny Close, Colchester, CO4 6DQ, a freehold house which sold for £525,000.
Read more about house prices in CO4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 15 addresses on Penny Close, Colchester, CO4, 7, Penny Close, Colchester comes out as the 3rd largest and the 2nd most expensive in our analysis of the public data.
It is also £238k more expensive than the average property across the CO4 district.
From 7, Penny Close, Colchester, the nearest station is Colchester, 2.1 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Penny Close, Colchester, % of property is and % is .
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Penny Close, Colchester, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Penny Close, Colchester, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Penny Close, Colchester, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
