8, Discovery Way
8, Discovery Way
Description & Estimates
According to the public record, 8, Discovery Way, Colchester is a modern freehold house with 861 ft2 of internal area.
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 8, Discovery Way, Colchester is £382,317 and the estimated rental value is £1,473 per month.
Discovery Way, Langham, Colchester, CO4 is located in the borough of Colchester within the CO4 postal district.
Our Data Sources
8, Discovery Way, Colchester has a single entry in the Land Registry from June 2023 and a single entry in the EPC database dated May 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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 8, Discovery Way, Colchester is in very good condition we estimate a sale value of £401,432 and a rental value of £1,546 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £355,554 and a rental value of £1,369 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 8, Discovery Way, Colchester has declined by £4,489 (1.2%), while its estimated rental value has climbed by £27 per month (1.8%). Based on current estimates, the property offers a gross rental yield of 4.6%.
Energy Efficiency
8, Discovery Way, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 May 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, LPG.
Sold Prices
According to HM Land Registry, 8, Discovery Way, Colchester was last sold on 30th June 2023 for £349,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2023, the market for similar properties has dropped by 22.8%.
- Sold Jun 2023£349,995
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Discovery Way, Colchester within a radius of 3.3 kilometres over the last 2 years.
The most recent example is 3, Discovery Way, Colchester, CO4 5JD, a freehold house which sold for £374,995 on the 22nd September 2023.
Read more about house prices in CO4.
- Sold Sep 2023£374,995 | 3 Bed House3, Discovery Way, Colchester, CO4 5JD3, Discovery Way, Colchester, CO4 5JD
- Sold Dec 2022£384,995 | 3 Bed House6, Discovery Way, Colchester, CO4 5JD6, Discovery Way, Colchester, CO4 5JD
- Sold Dec 2022£384,995 | 3 Bed House5, Discovery Way, Colchester, CO4 5JD5, Discovery Way, Colchester, CO4 5JD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Discovery Way, Langham, Colchester, CO4 has a total of 22 addresses. According to our analysis of all the public data, 8, Discovery Way, Colchester is the 20th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £70k more expensive than the average property in CO4.
More reading links
Schools Nearby
- 100mLangham Primary Academy
- 2.4kmBoxted St Peter's Church of England School
- 3.2kmStratford St Mary Primary School
- 4.1kmThe Trinity School
- 4.1kmThe Gilberd School
- 5.9kmColchester Academy
More reading links
Public Transport Nearby
The closest station to 8, Discovery Way, Colchester is Colchester station, which is 6.4 kilometres away.
- 6.4kmColchester
- 6.6kmManningtree
- 7.0kmHythe (Essex)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
