Lime Tree Road, Norwich, NR2

Street Guide For Lime Tree Road, Norwich, NR2

 

Lime Tree Road, Norwich, NR2 Map

Estimated Price: £843,041
Average Asking Price: £227,495
Price change in last one year: £60,607
Average Price Paid: £550,500
Average Rent Rates: £890

 

Property Prices Breakdown in Lime Tree Road, Norwich, NR2

Average Price for property in Lime Tree Road, Norwich, NR2 is around £843,041 which varies based on type of property you are interested in and ranges from £878,270 for detached house to around £858,392 for semi-detached. Similarly terraced house is around £661,058 and a flat is worth £344,854. Values have been changing and have risen £7,109 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,574 in last 6 months, £60,607 in last 1 year, £94,169 in last 2 years, £123,941 in last 3 years, £109,682 in last 4 years and £112,738 in last 5 years.

Currently average asking price of a property in Lime Tree Road, Norwich, NR2 is around £227,495 based on approximately 1 properties for sale. Same is the case with rental options based on 148 properties up for rent, average asking rent is around £890 per month.

Estimated property value in Lime Tree Road, Norwich, NR2 is £843,041. Average asking price is £227,495 while average price paid is £685,000 which is up by £60,607 and Avg. asking rent £890.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 Lime Tree Road, Norwich, NR2 area. In last 1 year alone average price buyer paid is around £685,000 based on approximately 1 sales in Lime Tree Road, Norwich, NR2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £560,833. 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 £550,500 for 5 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £553,250 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 £170,000, £175,821 for a 2 bedroom house, £196,662 for a 3 bedroom house, £389,167 for a 4 bedroom house and £356,238 for a 5 bedroom house. For a flat similarly the prices varies from £121,863 for a single bedroom to £143,302 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £203,748 and £145,000 for a 4 bedroom flat. To sum up the asking prices for properties in Lime Tree Road, Norwich, NR2 it comes to around average £124,872 for 1 bedroom property, £153,058 for 2 bedroom, £198,434 for 3 bedroom, £354,286 for 4 bedroom and £356,238 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 £576 for 1 bedroom to £721 for 2 bedrooms, £850 for 3 bedrooms, £1,181 for 4 bedrooms and £1,567 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £544. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £727 and £700 for 3 bedroom. You should be generally be expecting around average £559 rent per month for single bedroom property, £725 for 2 bedroom, £837 for 3 bedroom, £1,181 for 4 bedroom and approximately £1,567 for a 5 bedroom property in Lime Tree Road, Norwich, NR2 area.

Popular Houses in Lime Tree Road, Norwich, NR2

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 Lime Tree Road, Norwich, NR2