According to the public record, 4 Norway Flats , Norway, St. Ives is a period leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Norway, St. Ives, TR26 is located within the TR26 postal district.
4 Norway Flats , Norway, St. Ives has a single entry in the Land Registry database from September 2007 and a single entry in the EPC database dated January 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 4 Norway Flats Norway St. Ives as £325,213 and the rental value as £1,403 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 4 Norway Flats Norway St. Ives has increased by £11,094 (3.4%) and its rental value has increased by £66 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 4 Norway Flats , Norway, St. Ives is in very good condition we estimate a sale value of £341,473 and rental value of £1,473 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £302,448 and a rental value of £1,305 per month.
If you were able to purchase this property for the estimated value of £325,213, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,598 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, 4 Norway Flats , Norway, St. Ives was last sold on 12 Sep 2007 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2007, the market for similar properties has risen 49.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Norway Flats , Norway, St. Ives within a radius of 570 metres over the last 2 years.
The most recent example is Flat 1, Traddles , Victoria Place, St. Ives, TR26 1PY, a Leasehold flat which sold for £325,000 in Apr 2022.
Read more about house prices in TR26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norway, St. Ives, TR26 has a total of 10 addresses. According to our analysis of all the public data, 4 Norway Flats , Norway, St. Ives is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in TR26.
4 Norway Flats , Norway, St. Ives has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jan 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 4 Norway Flats , Norway, 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 4 Norway Flats , Norway, 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 4 Norway Flats , Norway, 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 4 Norway Flats , Norway, 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 4 Norway Flats , Norway, 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 4 Norway Flats , Norway, 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.