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2 Penn Grove is a residential building situated on Penn Grove, Norwich, NR3 with 2 addresses.
It ranks as the 106th largest and 378th most expensive of the 519 buildings in the NR3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 2 properties: 2 flats.
2 Penn Grove is a residential building situated on Penn Grove, Norwich, NR3 with 2 addresses.
It ranks as the 106th largest and 378th most expensive of the 519 buildings in the NR3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £138,613 for 2 bedroom leasehold flats (570 ft2) to £187,764 for 3 bedroom freehold houses with a garden (807 ft2) .
Monthly rental prices range from £766 pcm for 2 bed flats to £986 pcm for 3 bed houses.
The gross rental yield is between 6.3% and 6.6%.
The average value per square foot is £238.
The last sale in 2 Penn Grove sold for £120,000 on 30th June 2020. Since then prices are down an average of 0.0%.
The current average value in the building is £163,189.
The 2 Penn Grove Sales Market has increased by 24.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.7% | £163,189 |
| May 2025 | -0.6% | £164,341 |
| May 2024 | -0.6% | £165,386 |
| May 2023 | 1.2% | £166,361 |
| May 2022 | 7.5% | £164,380 |
| May 2021 | 5.2% | £152,874 |
| May 2020 | 3.1% | £145,385 |
| May 2019 | 0.8% | £140,970 |
| May 2018 | 3.7% | £139,801 |
| May 2017 | 2.6% | £134,786 |
| May 2016 | 6.6% | £131,321 |
| May 2015 | 5% | £123,147 |
| May 2014 | 8.9% | £117,278 |
| May 2013 | 3.3% | £107,667 |
| May 2012 | 2.2% | £104,191 |
| May 2011 | -3.3% | £101,974 |
| May 2010 | 9.6% | £105,494 |
| May 2009 | -17.4% | £96,283 |
| May 2008 | -6.4% | £116,568 |
| May 2007 | 0% | £124,584 |
The current average rental value in the building is £876.
The 2 Penn Grove Rental Market has increased by 56.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.2% | £876pcm |
| May 2025 | 3.8% | £849pcm |
| May 2024 | 7.1% | £817pcm |
| May 2023 | 7.1% | £763pcm |
| May 2022 | 9.7% | £713pcm |
| May 2021 | 7% | £649pcm |
| May 2020 | 3.2% | £607pcm |
| May 2019 | 1.4% | £588pcm |
| May 2018 | 1.2% | £580pcm |
| May 2017 | 2.8% | £574pcm |
| May 2016 | 3% | £558pcm |
| May 2015 | 3.3% | £542pcm |
| May 2014 | 2.7% | £524pcm |
| May 2013 | 0.6% | £511pcm |
| May 2012 | 2.2% | £507pcm |
| May 2011 | 2.5% | £497pcm |
| May 2010 | 4.7% | £484pcm |
| May 2009 | -8.5% | £462pcm |
| May 2008 | -0.9% | £506pcm |
| May 2007 | 0% | £510pcm |
The last sale was on 30th June 2020 for £120,000 and since then the market in the area has remained stable. The building has had a total of 1 sales since 1995.
2, Penn Grove, Norwich, NR3 3JL has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 2, Penn Grove, Norwich, NR3 3JL is Norwich station which is 2.4 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Penn Grove, Norwich, NR3 3JL, 31.4% of property is socially rented and 30.1% is privately rented.
The graph below shows how this compares to East of England 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 2, Penn Grove, Norwich, NR3 3JL, 19.4% of residents are recorded as possessing school level qualifications and 27.1% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Penn Grove, Norwich, NR3 3JL, the average age was 36.4 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 2, Penn Grove, Norwich, NR3 3JL, 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 2, Penn Grove, Norwich, NR3 3JL, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.