Gorse Close, Mundesley, Norwich, NR11

Street Guide For Gorse Close, Mundesley, Norwich, NR11

 

Gorse Close, Mundesley, Norwich, NR11 Map

Estimated Price: £196,961
Average Asking Price: £291,132
Price change in last one year: £14,006
Average Price Paid: £161,306
Average Rent Rates: £694

 

Property Prices Breakdown in Gorse Close, Mundesley, Norwich, NR11

Average Price for property in Gorse Close, Mundesley, Norwich, NR11 is around £196,961 which varies based on type of property you are interested in and ranges from £220,197 for detached house to around £176,960 for semi-detached. Similarly terraced house is around £155,197. Values have been changing and have risen £1,395 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,590 in last 6 months, £14,006 in last 1 year, £20,358 in last 2 years, £24,308 in last 3 years, £22,668 in last 4 years and £22,609 in last 5 years.

Currently average asking price of a property in Gorse Close, Mundesley, Norwich, NR11 is around £291,132 based on approximately 2 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £694 per month.

Estimated property value in Gorse Close, Mundesley, Norwich, NR11 is £196,961. Average asking price is £291,132 while average price paid is £180,000 which is up by £14,006 and Avg. asking rent £694.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 Gorse Close, Mundesley, Norwich, NR11 area. In last 1 year alone average price buyer paid is around £180,000 based on approximately 2 sales in Gorse Close, Mundesley, Norwich, NR11 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £167,100. 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 £161,306 for 8 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £161,306 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 £164,755, £265,051 for a 3 bedroom house, £359,675 for a 4 bedroom house and £731,658 for a 5 bedroom house. For a flat similarly the prices varies from £169,228 for a 2 bedroom to £115,000 for a 3 bedroom Flat. To sum up the asking prices for properties in Gorse Close, Mundesley, Norwich, NR11 it comes to around average £166,246 for 2 bedroom property, £258,382 for 3 bedroom, £359,675 for 4 bedroom and £731,658 for 5 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 £598 for 1 bedroom to £662 for 2 bedroom, £724 for 3 bedroom and £1,363 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £423. You should be generally be expecting around average £467 rent per month for single bedroom property, £662 for 2 bedroom, £724 for 3 bedroom and approximately £1,363 for 4 bedroom property in Gorse Close, Mundesley, Norwich, NR11 area.

Popular Houses in Gorse Close, Mundesley, Norwich, NR11

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 Gorse Close, Mundesley, Norwich, NR11