According to the public record, 1, Cannons Close, Colchester is a mid-century freehold house with 1,840 ft2 of internal area and sits on a 474 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Cannons Close, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
1, Cannons Close, Colchester has 21 entries in the Land Registry database, most recently in July 2016 and a single entry in the EPC database dated May 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Cannons Close Colchester as £522,371 and the rental value as £1,856 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 1 Cannons Close Colchester has decreased by £11,166 (2.1%) and its rental value has increased by £106 per month (5.7%).
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 1, Cannons Close, Colchester is in very good condition we estimate a sale value of £548,489 and rental value of £1,949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £485,805 and a rental value of £1,726 per month.
If you were able to purchase this property for the estimated value of £522,371, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,567 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Cannons Close, Colchester sits on a plot of 474m2.
We have plot size data on 6 out of 10 other houses in the postcode and 1, Cannons Close, Colchester sits on the 3rd largest plot.
According to HM Land Registry, 1, Cannons Close, Colchester was last sold on 29 Jul 2016 for £425,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2016, the market for similar properties has risen 20.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Cannons Close, Colchester within a radius of 680 metres over the last 2 years.
The most recent example is 22, Shrub End Road, Colchester, CO2 7XD, a Freehold house which sold for £487,500 in Sep 2023.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cannons Close, Colchester, CO2 has a total of 10 addresses. According to our analysis of all the public data, 1, Cannons Close, Colchester is the largest and the most expensive property on the street.
When compared to the postcode district it is £260k more expensive than the average property in CO2.
1, Cannons Close, Colchester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 May 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Cannons Close, Colchester 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 1, Cannons Close, Colchester, 52.2% of property is privately owned with a mortgage and 32.3% is privately 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 1, Cannons Close, Colchester, 24.2% of residents are recorded as possessing school level qualifications and 46.8% 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 1, Cannons Close, Colchester, 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 1, Cannons Close, Colchester, 1.1% 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 1, Cannons Close, Colchester, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.