Welsford Road, Norwich, NR4

Street Guide For Welsford Road, Norwich, NR4

 

Welsford Road, Norwich, NR4 Map

Estimated Price: £334,605
Average Asking Price: £337,148
Price change in last one year: £28,756
Average Price Paid: £278,234
Average Rent Rates: £1,207

 

Property Prices Breakdown in Welsford Road, Norwich, NR4

Average Price for property in Welsford Road, Norwich, NR4 is around £334,605 which varies based on type of property you are interested in and ranges from £332,528 for detached house to around £357,452 for semi-detached. Values have been changing and have risen £3,489 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,271 in last 6 months, £28,756 in last 1 year, £39,069 in last 2 years, £51,937 in last 3 years, £42,305 in last 4 years and £42,819 in last 5 years.

Currently average asking price of a property in Welsford Road, Norwich, NR4 is around £337,148 based on approximately 5 properties for sale. Same is the case with rental options based on 74 properties up for rent, average asking rent is around £1,207 per month.

Estimated property value in Welsford Road, Norwich, NR4 is £334,605. Average asking price is £337,148 while average price paid is £299,200 which is up by £28,756 and Avg. asking rent £1,207.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 Welsford Road, Norwich, NR4 area. In last 1 year alone average price buyer paid is around £299,200 based on approximately 5 sales in Welsford Road, Norwich, NR4 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £288,750. 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 £278,234 for 16 and average amount paid for purchase of approx. 19 properties sold in last 7 years comes to about £271,644 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 £260,000, £241,410 for a 3 bedroom house, £375,510 for a 4 bedroom house and £438,729 for a 5 bedroom house. For a flat similarly the prices varies from £98,333 for a single bedroom to £181,429 for a 2 bedroom Flat. To sum up the asking prices for properties in Welsford Road, Norwich, NR4 it comes to around average £98,333 for 1 bedroom property, £205,000 for 2 bedroom, £241,410 for 3 bedroom, £375,510 for 4 bedroom and £438,729 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 £276 for 1 bedroom to £693 for 2 bedrooms, £865 for 3 bedrooms, £1,137 for 4 bedrooms and £1,374 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £477. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £693. You should be generally be expecting around average £356 rent per month for single bedroom property, £693 for 2 bedroom, £865 for 3 bedroom, £1,137 for 4 bedroom and approximately £1,374 for a 5 bedroom property in Welsford Road, Norwich, NR4 area.

Popular Houses in Welsford Road, Norwich, NR4

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 Welsford Road, Norwich, NR4