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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Public records show 2, Cannock Mill Rise, Colchester to be a modern leasehold apartment with 667 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
2, Cannock Mill Rise, Colchester has an estimated sale value of £278,560 and an estimated rental value of £1,428 per month, assuming reasonable condition and based on the information available.
Cannock Mill Rise, Colchester, CO2 lies in the borough of Colchester, within the CO2 postal district.
2, Cannock Mill Rise, Colchester has 3 entries in the Land Registry , most recently in January 2024 and a single entry in the EPC database dated January 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
In very good condition, we estimate 2, Cannock Mill Rise, Colchester would be worth £292,488, with a potential rental value of £1,499 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £259,061, with a rental value of £1,328 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 2, Cannock Mill Rise, Colchester has dropped by £1,449 (0.5%) over the last year. During the same period, its estimated monthly rental value has risen by £43 (3.0%). The property's estimated gross yield is currently 6.1%.
2, Cannock Mill Rise, Colchester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jan 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
2, Cannock Mill Rise, Colchester last changed hands on 31st January 2024, selling for £316,497. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 17.4% since January 2024.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 540 metres of 2, Cannock Mill Rise, Colchester across the last 2 years.
Most recently, 5, Cannock Mill Rise, Colchester, CO2 8YY, a leasehold flat, sold at £271,275 on the 14th September 2022.
Read more about house prices in CO2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 2, Cannock Mill Rise, Colchester as the 18th largest and the 18th most expensive of the 23 addresses on Cannock Mill Rise, Colchester, CO2.
Against the CO2 postcode district average, it is £4k less expensive than the typical property.
Hythe (Essex) station is the nearest stop to 2, Cannock Mill Rise, Colchester at 1.2 kilometres away.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Cannock Mill Rise, Colchester, 40.9% of property is privately owned outright and 36.9% is privately owned with a mortgage.
The graph below shows how this compares to East of England 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, Cannock Mill Rise, Colchester, 17.8% of residents are recorded as possessing school level qualifications and 28.2% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Cannock Mill Rise, Colchester, the average age was 40 and the most common age was 32.
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, Cannock Mill Rise, Colchester, 0.3% 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, Cannock Mill Rise, Colchester, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
