Values have been changing and have risen £425 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £117 in last 6 months, £13,425 in last 1 year, £16,558 in last 2 years, £19,020 in last 3 years, £19,453 in last 4 years and £16,862 in last 5 years.
Currently average asking price of a property in Clarence Road, Norwich, NR1 is around £207,987 based on approximately 4 properties for sale. Same is the case with rental options based on 115 properties up for rent, average asking rent is around £1,070 per month.
Estimated property value in Clarence Road, Norwich, NR1 is £153,193. Average asking price is £207,987 while average price paid is £137,750 which is up by £13,425 and Avg. asking rent £1,070.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Clarence Road, Norwich, NR1 area. In last 1 year alone average price buyer paid is around £137,750 based on approximately 4 sales in Clarence Road, Norwich, NR1 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £130,550. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £128,487 for 12 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £128,487 per sale.