According to the public record, 61 The Pavilion, Norwich is a modern leasehold apartment and with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in The Pavilion, St. Stephens Road, Norwich, NR1.
St. Stephens Road, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
61 The Pavilion, Norwich has 3 entries in the Land Registry database, most recently in December 2020 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 reasonable condition, we estimate the current sale value for 61 The Pavilion Norwich as £213,792 and the rental value as £1,026 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 61 The Pavilion Norwich has increased by £503 (0.2%) and its rental value has increased by £9 per month (0.9%).
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 61 The Pavilion, Norwich is in very good condition we estimate a sale value of £224,481 and rental value of £1,077 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £198,826 and a rental value of £954 per month.
If you were able to purchase this property for the estimated value of £213,792, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,051 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, 61 The Pavilion, Norwich was last sold on 01 Dec 2020 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2020, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61 The Pavilion, Norwich within a radius of 93m over the last 2 years.
The most recent example is 221 The Pavilion, St. Stephens Road, Norwich, NR1 3SN, a Leasehold flat which sold for £225,000 in Mar 2023.
Read more about house prices in NR1.
St. Stephens Road, Norwich, NR1 has a total of 326 addresses. According to our analysis of all the public data, 61 The Pavilion, Norwich is the 55th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £8k less expensive than the average property in NR1.
61 The Pavilion, Norwich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Feb 2022.
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 61 The Pavilion, Norwich is Norwich station which is 1.4 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 61 The Pavilion, Norwich, 63.6% of property is privately rented and 18.0% 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 61 The Pavilion, Norwich, 11.1% of residents are recorded as possessing school level qualifications and 68.3% 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 61 The Pavilion, 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 61 The Pavilion, Norwich, 0.6% 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 61 The Pavilion, Norwich, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.