According to the public record, 2, Norway Lane, St. Ives is a period leasehold apartment with 381 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Norway Lane, St. Ives, TR26 is located within the TR26 postal district.
2, Norway Lane, St. Ives has 41 entries in the Land Registry database, most recently in September 2013 and a single entry in the EPC database dated January 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Norway Lane St. Ives as £242,405 and the rental value as £1,276 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 2 Norway Lane St. Ives has increased by £8,269 (3.4%) and its rental value has increased by £60 per month (4.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Norway Lane, St. Ives is in very good condition we estimate a sale value of £254,525 and rental value of £1,340 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £225,436 and a rental value of £1,187 per month.
If you were able to purchase this property for the estimated value of £242,405, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,191 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Norway Lane, St. Ives was last sold on 06 Sep 2013 for £156,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2013, the market for similar properties has risen 55.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Norway Lane, St. Ives within a radius of 620 metres over the last 2 years.
The most recent example is 3 Norway Flats, Norway, St. Ives, TR26 1NB, a Leasehold flat which sold for £217,500 in Mar 2021.
Read more about house prices in TR26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norway Lane, St. Ives, TR26 has a total of 6 addresses. According to our analysis of all the public data, 2, Norway Lane, St. Ives is the 4th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £236k less expensive than the average property in TR26.
2, Norway Lane, St. Ives has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 16 Jan 2009.
The property is connected to mains gas and has single glazed windows. It is heated using room heaters.
The closest station to 2, Norway Lane, St. Ives is St Ives (Cornwall) station which is 800 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Norway Lane, St. Ives, 48.2% of property is privately owned outright and 31.8% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Norway Lane, St. Ives, 13.5% of residents are recorded as possessing school level qualifications and 31.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Norway Lane, St. Ives, the average age was 47.5 and the most common age was 62.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Norway Lane, St. Ives, 0.0% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Norway Lane, St. Ives, there are an average of 1.3 cars per household.
See below for how this compares to South West and the rest of England & Wales.