Values have been changing and have risen £1,051 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,722 in last 6 months, £14,037 in last 1 year, £19,392 in last 2 years, £22,908 in last 3 years, £23,103 in last 4 years and £21,520 in last 5 years.
Currently average asking price of a property in Pelham Road, Norwich, NR3 is around £201,813 based on approximately 1 properties for sale. Same is the case with rental options based on 108 properties up for rent, average asking rent is around £1,238 per month.
Estimated property value in Pelham Road, Norwich, NR3 is £171,160. Average asking price is £201,813 while average price paid is £220,000 which is up by £14,037 and Avg. asking rent £1,238.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 Pelham Road, Norwich, NR3 area. In last 1 year alone average price buyer paid is around £220,000 based on approximately 1 sales in Pelham Road, Norwich, NR3 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £143,421. 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 £156,073 for 13 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £149,813 per sale.