According to the public record, 4 Needham Place, St. Stephens Square, Norwich is a modern leasehold apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
St. Stephens Square, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
4 Needham Place, St. Stephens Square, Norwich has a single entry in the Land Registry database from January 2007 and a single entry in the EPC database dated January 2020.
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 Needham Place St. Stephens Square Norwich as £265,083 and the rental value as £1,113 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 4 Needham Place St. Stephens Square Norwich has increased by £10,812 (4.1%) and its rental value has increased by £52 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 Needham Place, St. Stephens Square, Norwich is in very good condition we estimate a sale value of £278,337 and rental value of £1,168 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £246,527 and a rental value of £1,035 per month.
If you were able to purchase this property for the estimated value of £265,083, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,303 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 Needham Place, St. Stephens Square, Norwich was last sold on 09 Jan 2007 for £180,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has risen 15.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Needham Place, St. Stephens Square, Norwich within a radius of 390 metres over the last 2 years.
The most recent example is 31 Chapelfield Gardens, Coburg Street, Norwich, NR1 3BF, a Leasehold flat which sold for £290,000 in Nov 2023.
Read more about house prices in NR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Stephens Square, Norwich, NR1 has a total of 52 addresses. According to our analysis of all the public data, 4 Needham Place, St. Stephens Square, Norwich is the 22nd largest and the 27th most expensive property on the street.
When compared to the postcode district it is £44k more expensive than the average property in NR1.
4 Needham Place, St. Stephens Square, Norwich has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 4 Needham Place, St. Stephens Square, Norwich is Norwich station which is 1.2 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 4 Needham Place, St. Stephens Square, Norwich, 46.9% of property is privately rented and 23.4% is privately owned outright.
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 Needham Place, St. Stephens Square, Norwich, 22.6% of residents are recorded as possessing school level qualifications and 58.4% 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 4 Needham Place, St. Stephens Square, 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 4 Needham Place, St. Stephens Square, Norwich, 0.3% 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 4 Needham Place, St. Stephens Square, Norwich, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.