North Walsham

Area Guide For North Walsham

North Walsham is a Market/business town and common area in Norfolk, England in the North Norfolk locale.
North Walsham, an Anglo-Saxon settlement, and the neighboring town of Worstead got to be extremely prosperous from the twelfth century through the entry of weavers from Flanders. The two settlements gave their names to the materials they created: "Walsham" turned into the name of a light-weight fabric for summer wear, and "Worsted" a heavier material. The fourteenth century "wool places" are a testament of the success of the nearby mill holders.

 
 

North Walsham Map

Estimated Price: £205,250
Average Asking Price: £228,291
Price change in last one year: £15,620
Average Price Paid: £176,627
Average Rent Rates: £566

 
 

Property Prices Breakdown in North Walsham

Average Price for property in North Walsham is around £205,250 which varies based on type of property you are interested in and ranges from £261,915 for detached house to around £174,048 for semi-detached. Similarly terraced house is around £145,363 and a flat is worth £94,315. Values have been changing and have risen £2,699 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,008 in last 6 months, £15,620 in last 1 year, £23,490 in last 2 years, £26,052 in last 3 years, £20,545 in last 4 years and £22,336 in last 5 years.

Currently average asking price of a property in North Walsham is around £228,291 based on approximately 284 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £566 per month.

Estimated property value in North Walsham is £205,250. Average asking price is £228,291 while average price paid is £180,504 which is up by £15,620 and Avg. asking rent £566.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 North Walsham area. In last 1 year alone average price buyer paid is around £180,504 based on approximately 284 sales in North Walsham area alone. If you compare it to last 3 years sales of 794 properties where buyers paid around £179,951. 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 £176,627 for 1,234 and average amount paid for purchase of approx. 1,658 properties sold in last 7 years comes to about £175,020 per sale.

 
 

Properties For Sale in North Walsham

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £150,000, £149,986 for a 2 bedroom house, £221,296 for a 3 bedroom house, £321,024 for a 4 bedroom house and £400,000 for a 5 bedroom house. For a flat similarly the prices varies from £74,380 for a single bedroom to £120,000 for a 2 bedroom Flat. To sum up the asking prices for properties in North Walsham it comes to around average £95,986 for 1 bedroom property, £148,832 for 2 bedroom, £221,296 for 3 bedroom, £321,024 for 4 bedroom and £400,000 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £494 for 1 bedroom to £568 for 2 bedroom, £748 for 3 bedroom and £849 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £442. You should be generally be expecting around average £452 rent per month for single bedroom property, £568 for 2 bedroom, £748 for 3 bedroom and approximately £849 for 4 bedroom property in North Walsham area.

Popular Houses in North Walsham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in North Walsham

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