Watermill Close, Lower Gresham, Norwich, NR11

Street Guide For Watermill Close, Lower Gresham, Norwich, NR11

 

Watermill Close, Lower Gresham, Norwich, NR11 Map

Estimated Price: £203,482
Average Asking Price: £291,132
Price change in last one year: £14,462
Average Price Paid: £143,725
Average Rent Rates: £694

 

Property Prices Breakdown in Watermill Close, Lower Gresham, Norwich, NR11

Average Price for property in Watermill Close, Lower Gresham, Norwich, NR11 is around £203,482 which varies based on type of property you are interested in and ranges from £230,391 for detached house to around £195,601 for semi-detached. Similarly terraced house is around £208,099. Values have been changing and have risen £1,439 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,705 in last 6 months, £14,462 in last 1 year, £21,020 in last 2 years, £25,098 in last 3 years, £23,405 in last 4 years and £23,344 in last 5 years.

Currently average asking price of a property in Watermill Close, Lower Gresham, Norwich, NR11 is around £291,132 based on approximately 0 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £694 per month.

Estimated property value in Watermill Close, Lower Gresham, Norwich, NR11 is £203,482. Average asking price is £291,132 while average price paid is £143,725 which is up by £25,098 and Avg. asking rent £694.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 Watermill Close, Lower Gresham, Norwich, NR11 area. In last 3 years alone average price buyer paid is around £143,725 based on approximately 2 sales in Watermill Close, Lower Gresham, Norwich, NR11 area alone. If you compare it to last 5 years sales of 2 properties where buyers paid around £143,725. 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 £159,150 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 2 bedroom is around £164,755, £265,051 for a 3 bedroom house, £359,675 for a 4 bedroom house and £731,658 for a 5 bedroom house. For a flat similarly the prices varies from £169,228 for a 2 bedroom to £115,000 for a 3 bedroom Flat. To sum up the asking prices for properties in Watermill Close, Lower Gresham, Norwich, NR11 it comes to around average £166,246 for 2 bedroom property, £258,382 for 3 bedroom, £359,675 for 4 bedroom and £731,658 for 5 bedroom.

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 £598 for 1 bedroom to £662 for 2 bedroom, £724 for 3 bedroom and £1,363 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £423. You should be generally be expecting around average £467 rent per month for single bedroom property, £662 for 2 bedroom, £724 for 3 bedroom and approximately £1,363 for 4 bedroom property in Watermill Close, Lower Gresham, Norwich, NR11 area.

Popular Houses in Watermill Close, Lower Gresham, Norwich, NR11

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 Watermill Close, Lower Gresham, Norwich, NR11