According to the public record, 31, Kensington Place, Norwich is a mid-century leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 31, Kensington Place, Norwich, NR1.
Kensington Place, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
31, Kensington Place, Norwich has a single entry in the Land Registry database from January 2015 and a single entry in the EPC database dated June 2023.
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 31 Kensington Place Norwich as £133,628 and the rental value as £862 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 31 Kensington Place Norwich has increased by £2,897 (2.2%) and its rental value has increased by £23 per month (2.7%).
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 31, Kensington Place, Norwich is in very good condition we estimate a sale value of £140,309 and rental value of £905 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £124,274 and a rental value of £801 per month.
If you were able to purchase this property for the estimated value of £133,628, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £657 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, 31, Kensington Place, Norwich was last sold on 12 Jan 2015 for £75,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 19.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Kensington Place, Norwich within a radius of 380 metres over the last 2 years.
The most recent example is 9, Gordon Square, Norwich, NR1 3HJ, a Leasehold flat which sold for £132,500 in Jul 2023.
Read more about house prices in NR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kensington Place, Norwich, NR1 has a total of 28 addresses. According to our analysis of all the public data, 31, Kensington Place, Norwich is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in NR1.
31, Kensington Place, Norwich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Jun 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 31, Kensington Place, Norwich is Norwich station which is 900 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 31, Kensington Place, Norwich, 39.5% of property is socially rented and 25.7% is privately rented.
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 31, Kensington Place, Norwich, 20.2% of residents are recorded as possessing school level qualifications and 30.1% 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 31, Kensington Place, Norwich, the average age was 39.1 and the most common age was 32.
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 31, Kensington Place, Norwich, 0.0% 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 31, Kensington Place, Norwich, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.