Orchard Way, Hethersett, Norwich, NR9

Street Guide For Orchard Way, Hethersett, Norwich, NR9

 

Orchard Way, Hethersett, Norwich, NR9 Map

Estimated Price: £285,518
Average Asking Price: £325,570
Price change in last one year: £23,172
Average Price Paid: £266,500
Average Rent Rates: £1,732

 

Property Prices Breakdown in Orchard Way, Hethersett, Norwich, NR9

Average Price for property in Orchard Way, Hethersett, Norwich, NR9 is around £285,518 e.g. average price for detached house is around 285,518. Values have been changing and have risen £2,086 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,920 in last 6 months, £23,172 in last 1 year, £27,043 in last 2 years, £32,051 in last 3 years, £33,556 in last 4 years and £33,364 in last 5 years.

Currently average asking price of a property in Orchard Way, Hethersett, Norwich, NR9 is around £325,570 based on approximately 1 properties for sale. Same is the case with rental options based on 21 properties up for rent, average asking rent is around £1,732 per month.

Estimated property value in Orchard Way, Hethersett, Norwich, NR9 is £285,518. Average asking price is £325,570 while average price paid is £198,000 which is up by £23,172 and Avg. asking rent £1,732.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 Orchard Way, Hethersett, Norwich, NR9 area. In last 1 year alone average price buyer paid is around £198,000 based on approximately 1 sales in Orchard Way, Hethersett, Norwich, NR9 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £198,000. 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 £266,500 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £266,500 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 £130,000, £163,195 for a 2 bedroom house, £251,508 for a 3 bedroom house, £356,483 for a 4 bedroom house and £487,135 for a 5 bedroom house. For a flat the prices of 2 bedroom is £113,750. To sum up the asking prices for properties in Orchard Way, Hethersett, Norwich, NR9 it comes to around average £130,000 for 1 bedroom property, £155,588 for 2 bedroom, £251,508 for 3 bedroom, £356,483 for 4 bedroom and £487,135 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 £585 for 2 bedroom to £797 for 3 bedroom, £997 for 4 bedroom and £1,352 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £637. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £997. You should be generally be expecting around average £620 rent per month for 2 bedroom property, £847 for 3 bedroom, £997 for 4 bedroom and approximately £1,352 for 5 bedroom property in Orchard Way, Hethersett, Norwich, NR9 area.

Popular Houses in Orchard Way, Hethersett, Norwich, NR9

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 Orchard Way, Hethersett, Norwich, NR9