16 Reed Walk, Colchester, CO1 1QE is a freehold flat built in 2007 onwards. The property offers approximately 797 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £199,048 , which equates to approximately £250 per square foot. It was last sold on 23 Jun 2017 for £190,000. Since then, the value has increased by £9,048, representing a 4.8% increase, or approximately 0.6% per year.

The current estimated value of £199,048 is:

  • 36.8% lower than the average property price on Reed Walk
  • 33.1% lower than the average in the CO1 1QE postcode area
  • and 38.2% lower than the average price for Colchester as a whole

View sold house prices in CO1 1QE

Building approximate location

About Property

Type
Flat
Built
2007 onwards
Interior Size
797 sq ft
Tenure
Freehold
Floor level
1st floor
Price (estimate)
£199,048
Price Per sq ft (estimate)
£250
Bedroom Count (estimate)
2 bedrooms

EPC Summary

16 Reed Walk, Colchester, Essex, CO1 1QE has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 28 May 2020.

This property uses electric room heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 28 Jun 2010, when the property was rated B. The current rating of D reflects a decline in energy efficiency of 18.5%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from boiler and radiators, mains gas to room heaters, electric, changing energy efficiency from very good to very poor.
  • The hot water system was changed from from main system to electric immersion, off-peak, with its energy efficiency changing from very good to poor.
  • The roof construction or insulation changed from average thermal transmittance 0.14 w/m?k to pitched, 250 mm loft insulation, changing energy efficiency from very good to good.
  • The wall construction or insulation changed from average thermal transmittance 0.31 w/m?k to timber frame, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 29% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Roof
Pitched, 250 mm loft insulation
Good
Walls
Timber frame, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to CO1 1QE

11 th / 12
Price Rank
33% lower than average
9 th / 12
Size Rank
6% smaller than average
11 th / 12
Price Per Sq FT Rank
29% lower than average

Compared to other properties in CO1 1QE , this flat's estimated value ranks 11th out of 12. Based on price per square foot, it ranks 11th out of 12 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 9th out of 12 properties in its postcode area.

Sale History

Today
£199,048
streetscan.co.uk estimate
+5 %
23 Jun 2017
£190,000
Leasehold
+22.6 %
29 Oct 2010
£155,000
Leasehold

Area Insights

Nearby Properties

15 Reed Walk, Colchester, CO1 1QE
rooms:
size: 834 sq ft
sale price: £265,000
sale date: 14 Sep 2018
17 Reed Walk, Colchester, CO1 1QE
rooms:
size: 984 sq ft
sale price: £200,000
sale date: 12 Aug 2011
18 Reed Walk, Colchester, CO1 1QE
rooms:
size: 804 sq ft
sale price: £250,000
sale date: 3 Feb 2022
14 Reed Walk, Colchester, CO1 1QE
rooms:
size: 834 sq ft
sale price: £238,000
sale date: 11 Oct 2016
13 Reed Walk, Colchester, CO1 1QE
rooms: 5
size: 743 sq ft
sale price: £275,000
sale date: 17 Jun 2024

Data Sources

The property at 16 Reed Walk, Colchester, CO1 1QE appears two times in the Land Registry records, with the latest transaction recorded on 23 Jun 2017. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 28 May 2020. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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