The Cannons, Layer Road, Colchester, CO2 is a residential building located on Layer Road, Colchester, CO2. It is the 734th largest building in the CO2 area.
It contains 34 flats and 5 unknown and the most common type of property is a modern flat built after 1980.
The average house value is £153,385. Sales values have increased in the last 12 months by 1.0% and Rental values have increased by 8.9%.
Property sale values range from £115,545 for a leasehold flat, with 1 bedrooms split across 377 square feet of gross internal area and has no outside space to £350,727 for a freehold house, with 3 bedrooms split across 1,055 square feet of gross internal area and has a garden.
Average £/ft2 for properties in The Cannons, Layer Road, Colchester, CO2 is £319/ft2.
Properties achieve a rental yield of between 4.4% and 7.3%, and rental values range from £547 to £1,372 per month.
The last sale was 05 Mar 2024 for £335,000 and since then the market in the area has increased by 0%. The building has had a total of 4 sales since 1995.
The Cannons, Layer Road, Colchester, CO2 has seen 4 sales in the last three years and 2 sales in the last twelve months.
The Cannons, Layer Road, Colchester, CO2 is a residential building located on Layer Road, Colchester, CO2 with 34 flats and 5 unknown.
The most common property type in The Cannons, Layer Road, Colchester, CO2 is a modern flat built after 1980.
The homes with certificates are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to The Cannons, Layer Road, Colchester, CO2 is Colchester Town station which is 1.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around The Cannons, Layer Road, Colchester, CO2, 35.3% of property is privately rented and 33.6% is socially rented.
The graph below shows how this compares to Greater London 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 The Cannons, Layer Road, Colchester, CO2, 19.8% of residents are recorded as possessing school level qualifications and 30.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around The Cannons, Layer Road, Colchester, CO2, the average age was 37.4 and the most common age was 47.
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 The Cannons, Layer Road, Colchester, CO2, 0.0% 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 The Cannons, Layer Road, Colchester, CO2, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.