Hockering Lane, Bawburgh, Norwich, NR9

Street Guide For Hockering Lane, Bawburgh, Norwich, NR9

 

Hockering Lane, Bawburgh, Norwich, NR9 Map

Estimated Price: £276,856
Average Asking Price: £325,570
Price change in last one year: £23,469
Average Price Paid: £230,600
Average Rent Rates: £1,732

 

Property Prices Breakdown in Hockering Lane, Bawburgh, Norwich, NR9

Average Price for property in Hockering Lane, Bawburgh, Norwich, NR9 is around £276,856 which varies based on type of property you are interested in and ranges from £382,035 for detached house to around £186,521 for semi-detached. Similarly terraced house is around £183,806. Values have been changing and have risen £2,112 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,983 in last 6 months, £23,469 in last 1 year, £27,389 in last 2 years, £32,459 in last 3 years, £33,982 in last 4 years and £33,785 in last 5 years.

Currently average asking price of a property in Hockering Lane, Bawburgh, Norwich, NR9 is around £325,570 based on approximately 2 properties for sale. Same is the case with rental options based on 21 properties up for rent, average asking rent is around £1,732 per month.

Estimated property value in Hockering Lane, Bawburgh, Norwich, NR9 is £276,856. Average asking price is £325,570 while average price paid is £326,500 which is up by £23,469 and Avg. asking rent £1,732.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 Hockering Lane, Bawburgh, Norwich, NR9 area. In last 1 year alone average price buyer paid is around £326,500 based on approximately 2 sales in Hockering Lane, Bawburgh, Norwich, NR9 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £289,333. 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 £230,600 for 5 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £243,500 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 1 bedroom is around £130,000, £163,195 for a 2 bedroom house, £251,508 for a 3 bedroom house, £360,704 for a 4 bedroom house and £487,135 for a 5 bedroom house. For a flat the prices of 2 bedroom is £113,750. To sum up the asking prices for properties in Hockering Lane, Bawburgh, Norwich, NR9 it comes to around average £130,000 for 1 bedroom property, £155,588 for 2 bedroom, £251,508 for 3 bedroom, £360,704 for 4 bedroom and £487,135 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 £585 for 2 bedroom to £797 for 3 bedroom, £997 for 4 bedroom and £1,352 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £637. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £997. You should be generally be expecting around average £620 rent per month for 2 bedroom property, £847 for 3 bedroom, £997 for 4 bedroom and approximately £1,352 for 5 bedroom property in Hockering Lane, Bawburgh, Norwich, NR9 area.

Popular Houses in Hockering Lane, Bawburgh, Norwich, NR9

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 Hockering Lane, Bawburgh, Norwich, NR9