According to the public record, 2, Cannon Street, Colchester is a period freehold house with 839 ft2 of internal area and sits on a 78.5 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Cannon Street, Colchester, CO1 is located in the borough of Colchester within the CO1 postal district.
2, Cannon Street, Colchester has 51 entries in the Land Registry database, most recently in June 2013 and a single entry in the EPC database dated March 2020.
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 2 Cannon Street Colchester as £238,239 and the rental value as £1,208 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 2 Cannon Street Colchester has decreased by £2,451 (1.0%) and its rental value has increased by £94 per month (7.8%).
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 2, Cannon Street, Colchester is in very good condition we estimate a sale value of £250,151 and rental value of £1,269 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,562 and a rental value of £1,124 per month.
If you were able to purchase this property for the estimated value of £238,239, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,171 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, 2, Cannon Street, Colchester sits on a plot of 79m2.
We have plot size data on 25 out of 32 other houses in the postcode and 2, Cannon Street, Colchester sits on the 16th largest plot.
According to HM Land Registry, 2, Cannon Street, Colchester was last sold on 05 Jun 2013 for £125,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Jun 2013, the market for similar properties has risen 63.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cannon Street, Colchester within a radius of 410 metres over the last 2 years.
The most recent example is 4, King Stephen Road, Colchester, CO1 2DR, a Freehold house which sold for £242,500 in Jul 2024.
Read more about house prices in CO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cannon Street, Colchester, CO1 has a total of 32 addresses. According to our analysis of all the public data, 2, Cannon Street, Colchester is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in CO1.
2, Cannon Street, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Mar 2020.
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 2, Cannon Street, Colchester is Colchester Town station which is 800 metres 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 2, Cannon Street, Colchester, 40.9% of property is privately owned with a mortgage and 32.4% is privately owned outright.
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 2, Cannon Street, Colchester, 15.6% of residents are recorded as possessing school level qualifications and 32.9% 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 2, Cannon Street, Colchester, the average age was 33.3 and the most common age was 22.
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 2, Cannon Street, Colchester, 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 2, Cannon Street, 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.