Average Price for property in Merchant Way, Hellesdon, Norwich, NR6 is around £143,811 which varies based on type of property you are interested in and ranges from £154,386 for detached house to around £140,443 for semi-detached. Similarly terraced house is around £137,549 and a flat is worth £132,412. Values have been changing and have risen £668 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,054 in last 6 months, £10,392 in last 1 year, £14,103 in last 2 years, £18,171 in last 3 years, £16,952 in last 4 years and £15,765 in last 5 years.
Currently average asking price of a property in Merchant Way, Hellesdon, Norwich, NR6 is around £257,024 based on approximately 3 properties for sale. Same is the case with rental options based on 50 properties up for rent, average asking rent is around £1,500 per month.
Estimated property value in Merchant Way, Hellesdon, Norwich, NR6 is £143,811. Average asking price is £257,024 while average price paid is £114,166 which is up by £10,392 and Avg. asking rent £1,500.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 Merchant Way, Hellesdon, Norwich, NR6 area. In last 1 year alone average price buyer paid is around £114,166 based on approximately 3 sales in Merchant Way, Hellesdon, Norwich, NR6 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £117,477. 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 £117,609 for 16 and average amount paid for purchase of approx. 20 properties sold in last 7 years comes to about £117,587 per sale.