St. Margarets Close, Drayton, Norwich, NR8

Street Guide For St. Margarets Close, Drayton, Norwich, NR8

 

St. Margarets Close, Drayton, Norwich, NR8 Map

Estimated Price: £253,068
Average Asking Price: £248,255
Price change in last one year: £16,762
Average Price Paid: £221,166
Average Rent Rates: £741

 

Property Prices Breakdown in St. Margarets Close, Drayton, Norwich, NR8

Average Price for property in St. Margarets Close, Drayton, Norwich, NR8 is around £253,068 which varies based on type of property you are interested in and ranges from £258,456 for detached house to around £204,573 for semi-detached. Values have been changing and have risen £1,186 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,229 in last 6 months, £16,762 in last 1 year, £23,966 in last 2 years, £32,121 in last 3 years, £30,493 in last 4 years and £25,821 in last 5 years.

Currently average asking price of a property in St. Margarets Close, Drayton, Norwich, NR8 is around £248,255 based on approximately 2 properties for sale. Same is the case with rental options based on 34 properties up for rent, average asking rent is around £741 per month.

Estimated property value in St. Margarets Close, Drayton, Norwich, NR8 is £253,068. Average asking price is £248,255 while average price paid is £215,500 which is up by £16,762 and Avg. asking rent £741.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 St. Margarets Close, Drayton, Norwich, NR8 area. In last 1 year alone average price buyer paid is around £215,500 based on approximately 2 sales in St. Margarets Close, Drayton, Norwich, NR8 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £216,400. 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 £221,166 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £211,437 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 £117,970, £165,461 for a 2 bedroom house, £226,297 for a 3 bedroom house, £287,565 for a 4 bedroom house and £413,434 for a 5 bedroom house. For a flat similarly the prices varies from £89,975 for a single bedroom to £125,764 for a 2 bedroom Flat. To sum up the asking prices for properties in St. Margarets Close, Drayton, Norwich, NR8 it comes to around average £109,971 for 1 bedroom property, £149,866 for 2 bedroom, £226,297 for 3 bedroom, £287,565 for 4 bedroom and £413,434 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 £425 for 1 bedroom to £618 for 2 bedrooms, £701 for 3 bedrooms, £815 for 4 bedrooms and £997 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £449. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £527. You should be generally be expecting around average £443 rent per month for single bedroom property, £591 for 2 bedroom, £701 for 3 bedroom, £815 for 4 bedroom and approximately £996 for a 5 bedroom property in St. Margarets Close, Drayton, Norwich, NR8 area.

Popular Houses in St. Margarets Close, Drayton, Norwich, NR8

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 St. Margarets Close, Drayton, Norwich, NR8