According to the public record, 79, Springbank, Norwich is a mid-century leasehold apartment with 755 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Springbank, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
79, Springbank, Norwich has 51 entries in the Land Registry database, most recently in May 2012 and a single entry in the EPC database dated October 2011.
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 79 Springbank Norwich as £132,479 and the rental value as £797 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 79 Springbank Norwich has increased by £2,757 (2.1%) and its rental value has increased by £21 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 79, Springbank, Norwich is in very good condition we estimate a sale value of £139,103 and rental value of £837 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £123,205 and a rental value of £741 per month.
If you were able to purchase this property for the estimated value of £132,479, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £651 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, 79, Springbank, Norwich was last sold on 25 May 2012 for £80,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2012, the market for similar properties has risen 43.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 79, Springbank, Norwich within a radius of 540 metres over the last 2 years.
The most recent example is 83, Springbank, Norwich, NR1 2LH, a Leasehold flat which sold for £140,000 in Aug 2022.
Read more about house prices in NR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springbank, Norwich, NR1 has a total of 118 addresses. According to our analysis of all the public data, 79, Springbank, Norwich is the 30th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in NR1.
79, Springbank, Norwich has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Oct 2011.
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 79, Springbank, Norwich is Norwich station which is 1.8 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 79, Springbank, Norwich, 55.8% of property is socially rented and 17.0% 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 79, Springbank, Norwich, 24.8% of residents are recorded as possessing school level qualifications and 24.0% 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 79, Springbank, Norwich, the average age was 39.1 and the most common age was 32.
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 79, Springbank, 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 79, Springbank, 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.