Average Price for property in Park Lane, Norwich, NR2 is around £344,613 which varies based on type of property you are interested in and ranges from £622,479 for detached house to around £428,534 for semi-detached. Similarly terraced house is around £298,216 and a flat is worth £108,989. Values have been changing and have risen £2,837 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,615 in last 6 months, £24,187 in last 1 year, £37,584 in last 2 years, £49,466 in last 3 years, £43,780 in last 4 years and £45,002 in last 5 years.
Currently average asking price of a property in Park Lane, Norwich, NR2 is around £227,495 based on approximately 3 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 Park Lane, Norwich, NR2 is £344,613. Average asking price is £227,495 while average price paid is £313,666 which is up by £24,187 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 Park Lane, Norwich, NR2 area. In last 1 year alone average price buyer paid is around £313,666 based on approximately 3 sales in Park Lane, Norwich, NR2 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £275,669. 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 £284,256 for 17 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £285,675 per sale.