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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
According to the public record, 8, Spring Lane, Colchester is a period freehold house with 376 ft2 of internal area and sits on a 44.1 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Spring Lane, Colchester is £310,528 and the estimated rental value is £1,398 per month.
Spring Lane, Colchester, CO3 is located in the borough of Colchester within the CO3 postal district.
8, Spring Lane, Colchester has 51 entries in the Land Registry , most recently in February 2022 and a single entry in the EPC database dated February 2015.
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.
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, Spring Lane, Colchester is in very good condition we estimate a sale value of £326,054 and a rental value of £1,468 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £288,791 and a rental value of £1,300 per month.
Over the last 12 months the sale value of 8 Spring Lane Colchester has decreased by an estimated £148 (0.0%) and its rental value has increased by an estimated £34 per month (2.4%), giving an expected gross yield of 5.4%.
According to data from HM Land Registry, 8, Spring Lane, Colchester sits on a plot of 44m2.
We have plot size data on 8 out of 11 other houses in the postcode and 8, Spring Lane, Colchester sits on the 6th largest plot.
8, Spring Lane, Colchester has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 13 Feb 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 8, Spring Lane, Colchester was last sold on 18th February 2022 for £225,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since February 2022, the market for similar properties has dropped 14.3%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 8, Spring Lane, Colchester within a radius of 980 metres over the last 2 years.
The most recent example is 9, Spring Lane, Colchester, CO3 4AN, a freehold house which sold for £165,900 on the 31st July 2019.
Read more about house prices in CO3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Lane, Colchester, CO3 has a total of 11 addresses. According to our analysis of all the public data, 8, Spring Lane, Colchester is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in CO3.
The closest station to 8, Spring Lane, Colchester is Colchester station which is 2.3 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 8, Spring Lane, Colchester, 49.6% of property is privately owned outright and 26.4% is privately rented.
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 8, Spring Lane, Colchester, 9.1% of residents are recorded as possessing school level qualifications and 44.7% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Spring Lane, Colchester, the average age was 43.4 and the most common age was 52.
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 8, Spring Lane, Colchester, 1.3% 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 8, Spring Lane, Colchester, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
