8, Penny Close
8, Penny Close
Description & Estimates
Public records show 8, Penny Close, Colchester to be a modern freehold house with 1,700 ft2 of internal area, sitting on a 554 m2 plot.
In this area, houses of this size normally have 5 bedrooms with a garden.
8, Penny Close, Colchester has an estimated sale value of £551,204 and an estimated rental value of £1,944 per month, assuming reasonable condition and based on the information available.
Penny Close, Colchester, CO4 lies in the borough of Colchester, within the CO4 postal district.
Our Data Sources
8, Penny Close, Colchester has 2 entries in the Land Registry , most recently in December 2023 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.
Price Range & Condition
In very good condition, we estimate 8, Penny Close, Colchester would be worth £578,764, with a potential rental value of £2,042 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £512,620, with a rental value of £1,808 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 8, Penny Close, Colchester has fallen by £6,305 (1.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £51 (2.6%). The property's estimated gross yield is currently 4.2%.
Plot Size
8, Penny Close, Colchester occupies a 554 m2 plot as recorded by HM Land Registry.
Of the 15 other houses in this postcode, 12 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
8, 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.
Sold Prices
8, Penny Close, Colchester last changed hands on 20th December 2023, selling for £525,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 4.3% since December 2023.
- Sold Dec 2023£525,000
- Sold Oct 2018£510,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.0 kilometres of 8, Penny Close, Colchester across the last 2 years.
Most recently, 51, Maigold Avenue, Colchester, CO4 6EG, a freehold house, sold at £689,950 on the 22nd December 2022.
Read more about house prices in CO4.
•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 8, Penny Close, Colchester as the 2nd largest and the most expensive of the 15 addresses on Penny Close, Colchester, CO4.
Against the CO4 postcode district average, it is £238k more expensive than the typical property.
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Schools Nearby
- 1.0kmMyland Community Primary School
- 1.1kmThe Bishop William Ward Church of England Primary School
- 1.4kmCamulos Academy
- 2.5kmThe Trinity School
- 2.5kmThe Gilberd School
- 2.6kmSt Helena School
More reading links
Public Transport Nearby
Colchester station is the nearest stop to 8, Penny Close, Colchester at 2.1 kilometres away.
- 2.1kmColchester
- 3.8kmColchester Town
- 4.8kmHythe (Essex)
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
