According to the public record, Flat 1, 15, Norfolk Street, Cambridge is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 15, Norfolk Street, Cambridge, CB1.
Norfolk Street, Cambridge, CB1 is located in the borough of Cambridge within the CB1 postal district.
Flat 1, 15, Norfolk Street, Cambridge has a single entry in the Land Registry database from September 2013 and a single entry in the EPC database dated March 2023.
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 Flat 1 15 Norfolk Street Cambridge as £415,860 and the rental value as £1,716 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 1 15 Norfolk Street Cambridge has increased by £17,994 (4.3%) and its rental value has increased by £131 per month (7.6%).
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 Flat 1, 15, Norfolk Street, Cambridge is in very good condition we estimate a sale value of £436,653 and rental value of £1,802 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £386,750 and a rental value of £1,596 per month.
If you were able to purchase this property for the estimated value of £415,860, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,044 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, Flat 1, 15, Norfolk Street, Cambridge was last sold on 11 Sep 2013 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2013, the market for similar properties has risen 40.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 15, Norfolk Street, Cambridge within a radius of 410 metres over the last 2 years.
The most recent example is 57 Petersfield Mansions, Petersfield, Cambridge, CB1 1BB, a Leasehold flat which sold for £460,000 in Jan 2022.
Read more about house prices in CB1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norfolk Street, Cambridge, CB1 has a total of 64 addresses. According to our analysis of all the public data, Flat 1, 15, Norfolk Street, Cambridge is the 41st largest and the 51st most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in CB1.
Flat 1, 15, Norfolk Street, Cambridge has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Mar 2023.
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 Flat 1, 15, Norfolk Street, Cambridge is Cambridge station which is 1.1 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 Flat 1, 15, Norfolk Street, Cambridge, 40.3% of property is privately rented and 27.7% 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 Flat 1, 15, Norfolk Street, Cambridge, 57.1% of residents are recorded as possessing school level qualifications and 47.3% 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 Flat 1, 15, Norfolk Street, Cambridge, the average age was 35.8 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 Flat 1, 15, Norfolk Street, Cambridge, 1.3% 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 Flat 1, 15, Norfolk Street, Cambridge, 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.