Average Price for property in Norwich is around £230,122 which varies based on type of property you are interested in and ranges from £302,385 for detached house to around £198,597 for semi-detached. Similarly terraced house is around £181,754 and a flat is worth £139,534. 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 £1,357 in last 6 months, £18,484 in last 1 year, £23,348 in last 2 years, £32,981 in last 3 years, £28,946 in last 4 years and £27,953 in last 5 years.
Currently average asking price of a property in Norwich is around £279,227 based on approximately 5,700 properties for sale. Same is the case with rental options based on 866 properties up for rent, average asking rent is around £1,059 per month.
Estimated property value in Norwich is £230,122. Average asking price is £279,227 while average price paid is £206,677 which is up by £18,484 and Avg. asking rent £1,059.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 Norwich area. In last 1 year alone average price buyer paid is around £206,677 based on approximately 5,700 sales in Norwich area alone. If you compare it to last 3 years sales of 16,861 properties where buyers paid around £197,581. 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 £194,234 for 27,143 and average amount paid for purchase of approx. 36,545 properties sold in last 7 years comes to about £191,693 per sale.