Average Price for property in Old Palace Road, Norwich, NR2 is around £163,494 which varies based on type of property you are interested in and ranges from £319,106 for detached house to around £222,898 for semi-detached. Similarly terraced house is around £168,541 and a flat is worth £117,293. Values have been changing and have risen £1,423 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,316 in last 6 months, £12,120 in last 1 year, £18,833 in last 2 years, £24,789 in last 3 years, £21,945 in last 4 years and £22,560 in last 5 years.
Currently average asking price of a property in Old Palace Road, Norwich, NR2 is around £227,495 based on approximately 2 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 Old Palace Road, Norwich, NR2 is £163,494. Average asking price is £227,495 while average price paid is £166,000 which is up by £12,120 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 Old Palace Road, Norwich, NR2 area. In last 1 year alone average price buyer paid is around £166,000 based on approximately 2 sales in Old Palace Road, Norwich, NR2 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £144,150. 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 £150,579 for 12 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £145,052 per sale.