The Runnel, Norwich, NR5

Street Guide For The Runnel, Norwich, NR5

 

The Runnel, Norwich, NR5 Map

Estimated Price: £206,096
Average Asking Price: £213,510
Price change in last one year: £14,916
Average Price Paid: £200,747
Average Rent Rates: £1,140

 

Property Prices Breakdown in The Runnel, Norwich, NR5

Average Price for property in The Runnel, Norwich, NR5 is around £206,096 which varies based on type of property you are interested in and ranges from £251,792 for detached house to around £159,643 for semi-detached. Similarly flat is around £118,492. Values have been changing and have risen £790 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,347 in last 6 months, £14,916 in last 1 year, £20,828 in last 2 years, £25,423 in last 3 years, £25,857 in last 4 years and £25,101 in last 5 years.

Currently average asking price of a property in The Runnel, Norwich, NR5 is around £213,510 based on approximately 0 properties for sale. Same is the case with rental options based on 98 properties up for rent, average asking rent is around £1,140 per month.

Estimated property value in The Runnel, Norwich, NR5 is £206,096. Average asking price is £213,510 while average price paid is £171,500 which is up by £25,423 and Avg. asking rent £1,140.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 The Runnel, Norwich, NR5 area. In last 3 years alone average price buyer paid is around £171,500 based on approximately 1 sales in The Runnel, Norwich, NR5 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £200,747. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £200,498 for 3 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 £129,950, £162,029 for a 2 bedroom house, £189,883 for a 3 bedroom house, £281,599 for a 4 bedroom house and £301,650 for a 5 bedroom house. For a flat similarly the prices varies from £79,995 for a single bedroom to £106,499 for a 2 bedroom Flat. To sum up the asking prices for properties in The Runnel, Norwich, NR5 it comes to around average £104,972 for 1 bedroom property, £147,221 for 2 bedroom, £189,883 for 3 bedroom, £281,599 for 4 bedroom and £301,650 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 £462 for 1 bedroom to £593 for 2 bedrooms, £834 for 3 bedrooms, £1,092 for 4 bedrooms and £1,313 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £451. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £611. You should be generally be expecting around average £458 rent per month for single bedroom property, £599 for 2 bedroom, £834 for 3 bedroom, £1,092 for 4 bedroom and approximately £1,313 for a 5 bedroom property in The Runnel, Norwich, NR5 area.

Popular Houses in The Runnel, Norwich, NR5

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 The Runnel, Norwich, NR5