5 Wallace Road, Colchester
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5 Wallace Road, Colchester

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We have confidence in this estimated current valuation Updated recently
£166,400
Or £1,082 per month to rent Powered by AVM
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Transaction history

Listing history

For Sale
Jan 22, 2024
£180,000
For Sale
Jan 22, 2024
£180,000

Property Description

Data accuracy has been checked and verified for this property.

Our analysis

Welcome to 5 Wallace Road, Colchester, a cozy and compact flat type home with 2 bed in the CO4 5GP area. This lovely residence, which comes with a leasehold tenure, and sits comfortably in tax band B.

This modern and well-kept property was built 1996-2002 and has a reported internal area of 50 internal square metres The local area is known for its high value-to-quality ratio - with a market valuation of £166,400 and a rental potential of £1,082 per month, , it represents not just a residence but a worthwhile investment in a sought-after area.

You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.

Additional analysis

In addition to our own current description, this property has received a tailor-made description dated to Jan 22, 2024. It's possible the property has changed since then, but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.

"

Pleasantly situated to the North Of Colchester in a prime position, within just walking distance from both Colchester North Station and Colchester General Hospital. Presented to the market in excellent condition, lies this charming two bedroom first floor apartment, boasting a full range of modern features throughout and this apartment would be an ideal investment or first time purchase. Also nearby are an abundance of local amenities as well as Colchester‘s historic City Centre.

As you enter the property you are greeted into a large and welcoming hallway, with inset storage then leading to a spacious livingdining area, with access to the secure and private balcony. Further features of this beautiful home, include a modern fitted kitchen with a range of Matte finish units, Mosaic Victorian style tiling with space for appliances. Completing this apartment are two generously portioned bedrooms with sliding doors to the balcony, followed by a spacious second bedroom, currently utilised as an office, finally leading off from the hallway, features the family bathroom suite. Externally, the property offers well maintained communal areas with allocated parking to the front of the block.



First Floor


Hallway
Accessed through a secure entry telecom system, then leading into main hallway, LVT wood effect flooring throughout, inset storage cupboard, door leading to:

Living RoomDining Area
15‘ 9&quote; x 11‘ 9&quote; (4.80m x 3.58m) UPVC window to front aspect, radiators, LVT wood effect flooring, door leading out to balcony.

Kitchen
9‘ 9&quote; x 6‘ 2&quote; (2.97m x 1.88m) Range of modern fitted units, cupboards and work surfaces, mosaic style flooring, UPVC window to rear aspect, space for appliances, tiled splash back.

Bedroom One
10‘ 10&quote; x 10‘ 3&quote; (3.30m x 3.12m) UPVC sliding doors to balcony, radiator.

Bedroom Two
10‘ 1&quote; x 6‘ 8&quote; (3.07m x 2.03m) UPVC window to rear aspect, radiator.

Bathroom
6‘ 2&quote; x 6‘ 0&quote; (1.88m x 1.83m) UPVC window to rear aspect, low level W.C, vanity wash basin, panelled bath with shower attached.

Outside
Externally, the property offers well maintained communal areas with allocated parking to the front of the block.

Agents Notes & Lease Information
We have been advised by the seller there is currently 133 years remaining on the lease with a service charge of approximately £800.00 per annum and a ground rent charge of £125.00 per annum. We do however advise all parties to check this with their chosen solicitor.

"

Property Data

Data point Compared to road
Tax band B

Estimated running costs

Running cost(monthly) Cost Opportunity
Mortgage £757 Try Mortgage Tracker
Energy £381 Try Energy Switcher
Water £50 Water meter checkup
Broadband £30 Find better offers
Home insurance £13 Explore insurance

Schools and stations

Nearby Schools
Friars Grove Primary School
0.3mi
St John's Church of England Voluntary Controlled Primary School Colchester
0.4mi
Highwoods Community Primary School
0.4mi
Willow Brook Primary School and Nursery
0.6mi
Brinkley Grove Primary School
0.7mi
Nearby Stations
Colchester Station
1.3mi
Hythe (Essex) Station
1.4mi
Colchester Town Station
1.6mi
Wivenhoe Station
3.8mi
Alresford Station
4.8mi

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Photos

Strengths and Opportunities

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Renovation improvements

🤔
New Kitchen
This could increase your home value by £15,000
🤔
New Bathroom
This could increase your home value by £5,000
🤔
Air Conditioning
This could increase your home value by £7,000
🤔
New Windows
This could increase your home value by £10,000

Cost improvements

🤔
Suggestion: Switch energy provider
Click here to view providers

Strengths

😀
Strength: Good price per square metres
The most similar local properties have a comparable price per square metre.

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Frequently asked questions

  1. How much is 5 Wallace Road, Colchester worth?

    5 Wallace Road, Colchester is now worth £166,400 according to our Mouseprice AVM.

    If you would like to book a free agent valuation for 5 Wallace Road, Colchester - click click here to get a valuation with no strings attached.

  2. What is the rental value of 5 Wallace Road, Colchester?

    The current rental valuation for this property is £1,082 per month, within a price range of £973 and £1,190.

  3. How many bedrooms does 5 Wallace Road, Colchester have?

    This property has 2 bedrooms. Search for nearby properties with 2 bedrooms - for sale and to rent.

  4. What are the nearest schools and stations to 5 Wallace Road, Colchester?

    Nearby schools in include Friars Grove Primary School, St John's Church of England Voluntary Controlled Primary School Colchester, Highwoods Community Primary School, Willow Brook Primary School and Nursery, Brinkley Grove Primary School

    Nearby stations in include Colchester Station, Hythe (Essex) Station, Colchester Town Station, Wivenhoe Station, Alresford Station.

  5. What type of property is 5 Wallace Road, Colchester

    This is a Flat property. There are 48 other Flat properties on WALLACE ROAD, and 48 in total.

  6. When was 5 Wallace Road, Colchester built? How old is 5 Wallace Road, Colchester?

    5 Wallace Road, Colchester was was built between 1996-2002.

Breadcrumbs

Disclaimer

Whilst all reasonable effort is made to ensure the information in this publication is current, Mouseprice does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this page, and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this page.

Nearby locations

Colchester, Essex Sudbury, Suffolk Manningtree, Essex Harwich, Essex Frinton-on-sea, Essex Walton On The Naze, Essex Clacton-on-sea, Essex Bures, Suffolk Halstead, Essex