According to the public record, 88, Magpie Road, Norwich is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 563 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Magpie Road, Norwich, NR3 is located in the borough of Norwich within the NR3 postal district.
88, Magpie Road, Norwich has a single entry in the Land Registry database from April 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 88 Magpie Road Norwich as £152,919 and the rental value as £831 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 88 Magpie Road Norwich has increased by £1,162 (0.8%) and its rental value has increased by £20 per month (2.4%).
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 88, Magpie Road, Norwich is in very good condition we estimate a sale value of £160,565 and rental value of £873 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £142,215 and a rental value of £773 per month.
If you were able to purchase this property for the estimated value of £152,919, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £752 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, 88, Magpie Road, Norwich was last sold on 04 Apr 2008 for £70,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2008, the market for similar properties has risen 58.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88, Magpie Road, Norwich within a radius of 340 metres over the last 2 years.
The most recent example is 29, Esdelle Street, Norwich, NR3 3BN, a Freehold house which sold for £180,000 in Jan 2023.
Read more about house prices in NR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magpie Road, Norwich, NR3 has a total of 126 addresses. According to our analysis of all the public data, 88, Magpie Road, Norwich is the 95th largest and the 95th most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in NR3.
The closest station to 88, Magpie Road, Norwich is Norwich station which is 1.5 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 88, Magpie Road, Norwich, 54.1% of property is privately rented and 30.8% is socially rented.
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 88, Magpie Road, Norwich, 11.4% of residents are recorded as possessing school level qualifications and 33.8% 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 88, Magpie Road, Norwich, the average age was 35 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 88, Magpie Road, Norwich, 0.0% 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 88, Magpie Road, Norwich, there are an average of 0.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.