Values have been changing and have risen £253 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £72 in last 6 months, £7,973 in last 1 year, £9,834 in last 2 years, £11,300 in last 3 years, £11,559 in last 4 years and £10,024 in last 5 years.
Currently average asking price of a property in Springbank, 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 Springbank, Norwich, NR1 is £93,500. Average asking price is £207,987 while average price paid is £98,500 which is up by £7,973 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 Springbank, Norwich, NR1 area. In last 1 year alone average price buyer paid is around £98,500 based on approximately 1 sales in Springbank, Norwich, NR1 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £80,700. 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 £76,038 for 13 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £78,000 per sale.