According to the public record, Flat 4, The Cannons 25, Colchester is a modern apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in The Cannons, Layer Road, Colchester, CO2.
Layer Road, Colchester, CO2 is located in the borough of Colchester within the CO2 postal district.
Flat 4, The Cannons 25, Colchester has no records in the Land Registry database and a single entry in the EPC database dated May 2016.
We combine this information with public data 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 Flat 4 The Cannons 25 Colchester as £151,226 and the rental value as £718 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 4 The Cannons 25 Colchester has increased by £1,174 (0.8%) and its rental value has increased by £64 per month (8.9%).
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 Flat 4, The Cannons 25, Colchester is in very good condition we estimate a sale value of £158,788 and rental value of £754 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,640 and a rental value of £668 per month.
If you were able to purchase this property for the estimated value of £151,226, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £743 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 the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 4, The Cannons 25, Colchester within a radius of 660 metres over the last 2 years.
The most recent example is 1, Kensington Road, Colchester, CO2 7FF, a Leasehold flat which sold for £188,000 in Sep 2021.
Read more about house prices in CO2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Layer Road, Colchester, CO2 has a total of 234 addresses. According to our analysis of all the public data, Flat 4, The Cannons 25, Colchester is the 233rd largest and the 212th most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in CO2.
Flat 4, The Cannons 25, Colchester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 May 2016.
The property is not connected to mains gas and has single glazed windows. It is heated using a community scheme.
The closest station to Flat 4, The Cannons 25, 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 Flat 4, The Cannons 25, Colchester, 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 Flat 4, The Cannons 25, Colchester, 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 Flat 4, The Cannons 25, 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 Flat 4, The Cannons 25, 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 Flat 4, The Cannons 25, Colchester, 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.