Smithfield Road, Norwich, NR1

Street Guide For Smithfield Road, Norwich, NR1

 

Smithfield Road, Norwich, NR1 Map

Estimated Price: £234,979
Average Asking Price: £207,987
Price change in last one year: £20,421
Average Price Paid: £209,000
Average Rent Rates: £1,070

 

Property Prices Breakdown in Smithfield Road, Norwich, NR1

Average Price for property in Smithfield Road, Norwich, NR1 is around £234,979 which varies based on type of property you are interested in and ranges from £330,635 for detached house to around £247,854 for semi-detached. Similarly terraced house is around £233,809. Values have been changing and have risen £647 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £178 in last 6 months, £20,421 in last 1 year, £25,181 in last 2 years, £28,926 in last 3 years, £29,582 in last 4 years and £25,637 in last 5 years.

Currently average asking price of a property in Smithfield Road, Norwich, NR1 is around £207,987 based on approximately 1 properties for sale. Same is the case with rental options based on 115 properties up for rent, average asking rent is around £1,070 per month.

Estimated property value in Smithfield Road, Norwich, NR1 is £234,979. Average asking price is £207,987 while average price paid is £175,000 which is up by £20,421 and Avg. asking rent £1,070.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 Smithfield Road, Norwich, NR1 area. In last 1 year alone average price buyer paid is around £175,000 based on approximately 1 sales in Smithfield Road, Norwich, NR1 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £218,500. 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 £209,000 for 3 and average amount paid for purchase of approx. 4 properties sold in last 7 years comes to about £204,250 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 2 bedroom is around £172,775, £192,235 for a 3 bedroom house, £319,123 for a 4 bedroom house and £442,580 for a 5 bedroom house. For a flat similarly the prices varies from £132,085 for a single bedroom to £180,472 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £437,906. To sum up the asking prices for properties in Smithfield Road, Norwich, NR1 it comes to around average £132,085 for 1 bedroom property, £178,915 for 2 bedroom, £267,826 for 3 bedroom, £319,123 for 4 bedroom and £442,580 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 £642 for 1 bedroom to £692 for 2 bedroom, £797 for 3 bedroom and £1,062 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £566. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £784 and £793 for 3 bedroom. You should be generally be expecting around average £584 rent per month for single bedroom property, £776 for 2 bedroom, £797 for 3 bedroom and approximately £1,062 for 4 bedroom property in Smithfield Road, Norwich, NR1 area.

Popular Houses in Smithfield Road, Norwich, NR1

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 Smithfield Road, Norwich, NR1