According to the public record, 3, Josephine Close, Norwich is a early-century leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Josephine Close, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
3, Josephine Close, Norwich has 21 entries in the Land Registry database, most recently in August 2014 and a single entry in the EPC database dated December 2019.
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 3 Josephine Close Norwich as £180,959 and the rental value as £1,006 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 3 Josephine Close Norwich has increased by £3,513 (1.9%) and its rental value has increased by £26 per month (2.5%).
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 3, Josephine Close, Norwich is in very good condition we estimate a sale value of £190,007 and rental value of £1,056 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £168,292 and a rental value of £936 per month.
If you were able to purchase this property for the estimated value of £180,959, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £889 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, 3, Josephine Close, Norwich was last sold on 21 Aug 2014 for £146,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2014, the market for similar properties has risen 26.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Josephine Close, Norwich within a radius of 540 metres over the last 2 years.
The most recent example is 8, Patricia Road, Norwich, NR1 2PF, a Leasehold flat which sold for £190,000 in Jul 2023.
Read more about house prices in NR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Josephine Close, Norwich, NR1 has a total of 36 addresses. According to our analysis of all the public data, 3, Josephine Close, Norwich is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in NR1.
3, Josephine Close, Norwich has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Dec 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 3, Josephine Close, Norwich is Norwich station which is 1.7 kilometres 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 3, Josephine Close, Norwich, 50.0% of property is privately owned outright and 29.4% 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 3, Josephine Close, Norwich, 14.6% of residents are recorded as possessing school level qualifications and 48.4% 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 3, Josephine Close, Norwich, the average age was 41 and the most common age was 22.
The graph below shows how this compares to East of England 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 3, Josephine Close, Norwich, 1.2% of property was a second home.
Comparison figures for East of England 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 3, Josephine Close, Norwich, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.