Marsh Lane, New Buckenham, Norwich, NR16

Street Guide For Marsh Lane, New Buckenham, Norwich, NR16

 

Marsh Lane, New Buckenham, Norwich, NR16 Map

Estimated Price: £217,230
Average Asking Price: £343,020
Price change in last one year: £18,530
Average Price Paid: £271,000
Average Rent Rates: £1,559

 

Property Prices Breakdown in Marsh Lane, New Buckenham, Norwich, NR16

Average Price for property in Marsh Lane, New Buckenham, Norwich, NR16 is around £217,230 which varies based on type of property you are interested in and ranges from £296,775 for detached house to around £155,309 for semi-detached. Similarly terraced house is around £139,947. Values have been changing and have risen £2,036 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,023 in last 6 months, £18,530 in last 1 year, £23,117 in last 2 years, £22,017 in last 3 years, £26,289 in last 4 years and £26,185 in last 5 years.

Currently average asking price of a property in Marsh Lane, New Buckenham, Norwich, NR16 is around £343,020 based on approximately 4 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £1,559 per month.

Estimated property value in Marsh Lane, New Buckenham, Norwich, NR16 is £217,230. Average asking price is £343,020 while average price paid is £245,000 which is up by £18,530 and Avg. asking rent £1,559.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 Marsh Lane, New Buckenham, Norwich, NR16 area. In last 1 year alone average price buyer paid is around £245,000 based on approximately 4 sales in Marsh Lane, New Buckenham, Norwich, NR16 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £271,000. 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 £271,000 for 5 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £271,000 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 £125,000, £168,230 for a 2 bedroom house, £263,326 for a 3 bedroom house, £368,351 for a 4 bedroom house and £424,999 for a 5 bedroom house. To sum up the asking prices for properties in Marsh Lane, New Buckenham, Norwich, NR16 it comes to around average £125,000 for 1 bedroom property, £168,230 for 2 bedroom, £263,326 for 3 bedroom, £368,351 for 4 bedroom and £424,999 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 £700 for 1 bedroom to £624 for 2 bedrooms, £646 for 3 bedrooms, £849 for 4 bedrooms and £1,751 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £598. You should be generally be expecting around average £666 rent per month for single bedroom property, £624 for 2 bedroom, £646 for 3 bedroom, £849 for 4 bedroom and approximately £1,750 for a 5 bedroom property in Marsh Lane, New Buckenham, Norwich, NR16 area.

Popular Houses in Marsh Lane, New Buckenham, Norwich, NR16

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 Marsh Lane, New Buckenham, Norwich, NR16