Average Price for property in Norwood is around £378,448 which varies based on type of property you are interested in and ranges from £816,511 for detached house to around £548,031 for semi-detached. Similarly terraced house is around £442,086 and a flat is worth £280,248. Values have been changing and have risen £2,329 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,696 in last 6 months, £43,141 in last 1 year, £80,605 in last 2 years, £96,891 in last 3 years, £98,951 in last 4 years and £104,830 in last 5 years.
Currently average asking price of a property in Norwood is around £496,175 based on approximately 482 properties for sale. Same is the case with rental options based on 97 properties up for rent, average asking rent is around £1,388 per month.
Estimated property value in Norwood is £378,448. Average asking price is £496,175 while average price paid is £346,818 which is up by £43,141 and Avg. asking rent £1,388.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 Norwood area. In last 1 year alone average price buyer paid is around £346,818 based on approximately 482 sales in Norwood area alone. If you compare it to last 3 years sales of 1,440 properties where buyers paid around £302,704. 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 £289,493 for 2,094 and average amount paid for purchase of approx. 2,609 properties sold in last 7 years comes to about £280,003 per sale.