Elm Hill, Norwich, NR3

Street Guide For Elm Hill, Norwich, NR3

 

Elm Hill, Norwich, NR3 Map

Estimated Price: £380,582
Average Asking Price: £201,813
Price change in last one year: £29,975
Average Price Paid: £199,083
Average Rent Rates: £1,238

 

Property Prices Breakdown in Elm Hill, Norwich, NR3

Average Price for property in Elm Hill, Norwich, NR3 is around £380,582 which varies based on type of property you are interested in and ranges from £347,202 for detached house to around £450,566 for semi-detached. Similarly terraced house is around £420,163 and a flat is worth £172,065. Values have been changing and have risen £2,242 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,674 in last 6 months, £29,975 in last 1 year, £41,411 in last 2 years, £48,916 in last 3 years, £49,326 in last 4 years and £45,941 in last 5 years.

Currently average asking price of a property in Elm Hill, Norwich, NR3 is around £201,813 based on approximately 0 properties for sale. Same is the case with rental options based on 108 properties up for rent, average asking rent is around £1,238 per month.

Estimated property value in Elm Hill, Norwich, NR3 is £380,582. Average asking price is £201,813 while average price paid is £199,083 which is up by £48,916 and Avg. asking rent £1,238.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 Elm Hill, Norwich, NR3 area. In last 3 years alone average price buyer paid is around £199,083 based on approximately 3 sales in Elm Hill, Norwich, NR3 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £199,083. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £231,812 for 4 per sale.

 
 

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 2 bedroom is around £149,843, £167,234 for a 3 bedroom house and £308,869 for a 4 bedroom house. For a flat similarly the prices varies from £113,643 for a single bedroom to £124,781 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £186,658 and £225,000 for a 4 bedroom flat. To sum up the asking prices for properties in Elm Hill, Norwich, NR3 it comes to around average £113,643 for 1 bedroom property, £135,314 for 2 bedroom, £169,475 for 3 bedroom and £304,455 for 4 bedroom.

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 £410 for 1 bedroom to £661 for 2 bedrooms, £715 for 3 bedrooms, £1,090 for 4 bedrooms and £368 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £465. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £692 and £594 for 3 bedroom. You should be generally be expecting around average £441 rent per month for single bedroom property, £679 for 2 bedroom, £710 for 3 bedroom, £1,090 for 4 bedroom and approximately £368 for a 5 bedroom property in Elm Hill, Norwich, NR3 area.

Popular Houses in Elm Hill, Norwich, NR3

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.

Areas in and around Elm Hill, Norwich, NR3