1, Drake Close
1, Drake Close
Description & Estimates
1, Drake Close, Norwich is recorded publicly as a modern freehold house across 1,700 ft2 of internal area, sitting on a 766 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Drake Close, Norwich is £495,814 and its rental estimate is £1,429 per month, given the available information and assuming reasonable condition.
Drake Close, Stalham, Norwich, NR12 falls within the NR12 postal district, in the borough of North Norfolk.
Our Data Sources
1, Drake Close, Norwich has a single entry in the Land Registry from September 2015 and a single entry in the EPC database dated April 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Drake Close, Norwich, we estimate a market value of £520,605 and a rental value of £1,501 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £461,107 and £1,329 per month respectively.
Recent Market Change
Over the last year, 1, Drake Close, Norwich has seen its estimated sale value decline by £5,966 (1.2%) and its estimated rental value climb by £31 per month (2.2%). This results in an estimated gross rental yield of 3.5%.
Plot Size
HM Land Registry records the plot of land for 1, Drake Close, Norwich as measuring 766 m2.
That makes it the 2nd largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
1, Drake Close, Norwich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Apr 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, oil.
Sold Prices
The most recent sale of 1, Drake Close, Norwich completed on 16th September 2015 at £335,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 62.9% over the period since September 2015.
- Sold Sep 2015£335,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Drake Close, Norwich have sold within a radius of 1.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th January 2023, was 2, Drake Close, Norwich, NR12 9SF, a freehold house which sold for £575,000.
Read more about house prices in NR12.
- Sold Jan 2023£575,000 | 4 Bed House2, Drake Close, Norwich, NR12 9SF2, Drake Close, Norwich, NR12 9SF
- Sold Nov 2022£550,000 | 4 Bed House2, Leatherdale Drive, Norwich, NR12 9SQ2, Leatherdale Drive, Norwich, NR12 9SQ
- Sold Jun 2021£500,000 | 4 Bed House1 Hollingdale Court, The Green, Norwich, NR12 9QA1 Hollingdale Court, The Green, Norwich, NR12 9QA
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 5 addresses on Drake Close, Stalham, Norwich, NR12, 1, Drake Close, Norwich comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £148k more expensive than the average property across the NR12 district.
More reading links
Schools Nearby
- 400mStalham Academy
- 600mSutton Church of England Infant Acdemy
- 1.0kmStalham Infant School and Nursery
- 1.0kmStalham High School
- 9.4kmBroadland High Ormiston Academy
- 9.6kmFlegg High Ormiston Academy
More reading links
Public Transport Nearby
From 1, Drake Close, Norwich, the nearest station is Worstead, 8.5 kilometres away.
- 8.5kmWorstead
- 9.9kmHoveton & Wroxham
- 11.3kmNorth Walsham
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
