According to the public record, 51, Southwell Road, Norwich is a mid-century leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Southwell Road, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
51, Southwell Road, Norwich has 21 entries in the Land Registry database, most recently in May 2006 and a single entry in the EPC database dated February 2021.
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 51 Southwell Road Norwich as £168,121 and the rental value as £936 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 51 Southwell Road Norwich has increased by £3,668 (2.2%) and its rental value has increased by £26 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 51, Southwell Road, Norwich is in very good condition we estimate a sale value of £176,527 and rental value of £983 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,352 and a rental value of £871 per month.
If you were able to purchase this property for the estimated value of £168,121, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £826 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, 51, Southwell Road, Norwich was last sold on 22 May 2006 for £94,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Southwell Road, Norwich within a radius of 410 metres over the last 2 years.
The most recent example is 60, Southwell Road, Norwich, NR1 3HS, a Leasehold flat which sold for £160,000 in Dec 2021.
Read more about house prices in NR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southwell Road, Norwich, NR1 has a total of 152 addresses. According to our analysis of all the public data, 51, Southwell Road, Norwich is the 23rd largest and the 39th most expensive property on the street.
When compared to the postcode district it is £53k less expensive than the average property in NR1.
51, Southwell Road, Norwich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Feb 2021.
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 51, Southwell Road, 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 51, Southwell Road, Norwich, 49.0% of property is socially rented and 20.1% 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 51, Southwell Road, Norwich, 16.9% of residents are recorded as possessing school level qualifications and 32.6% 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 51, Southwell Road, 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 51, Southwell Road, Norwich, 0.4% 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 51, Southwell Road, 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.