According to the public record, 5, Binney Road, Norwich is a modern freehold house and with 1,323 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Binney Road, Drayton, Norwich, NR8 is located in the borough of Broadland within the NR8 postal district.
5, Binney Road, Norwich has a single entry in the Land Registry database from January 2023 and no records in the EPC database.
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 good condition, we estimate the current sale value for 5 Binney Road Norwich as £468,563 and the rental value as £1,278 per month giving an expected gross yield of 3.3%.
Over the last 12 months the sale value of 5 Binney Road Norwich has increased by £2,448 (0.5%) and its rental value has increased by £14 per month (1.1%).
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 5, Binney Road, Norwich is in very good condition we estimate a sale value of £491,991 and rental value of £1,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £435,764 and a rental value of £1,188 per month.
If you were able to purchase this property for the estimated value of £468,563, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,303 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, 5, Binney Road, Norwich was last sold on 20 Jan 2023 for £480,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has dropped 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Binney Road, Norwich within a radius of 556m over the last 2 years.
The most recent example is 52, George Drive, Norwich, NR8 6DT, a Freehold house which sold for £437,500 in May 2024.
Read more about house prices in NR8.
Binney Road, Drayton, Norwich, NR8 has a total of 9 addresses. According to our analysis of all the public data, 5, Binney Road, Norwich is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £151k more expensive than the average property in NR8.
5, Binney Road, Norwich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Nov 2022.
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 5, Binney Road, Norwich is Norwich station which is 7.8 km 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 5, Binney Road, Norwich, % of property is and % is .
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 5, Binney Road, Norwich, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London 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 5, Binney Road, Norwich, 0.0% of property was a second home.
Comparison figures for This region 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 5, Binney Road, Norwich, there are an average of 0.0 cars per household.
See below for how this compares to This region and the rest of England & Wales.