16, River Lane
16, River Lane
Description & Estimates
16, River Lane, Norwich is recorded publicly as a modern freehold house across 1,280 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 16, River Lane, Norwich is £449,777 and its rental estimate is £1,578 per month, given the available information and assuming reasonable condition.
River Lane, Norwich, NR3 falls within the NR3 postal district, in the borough of Norwich.
Our Data Sources
16, River Lane, Norwich has a single entry in the Land Registry from March 2023 and a single entry in the EPC database dated February 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 16, River Lane, Norwich, we estimate a market value of £472,265 and a rental value of £1,657 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £418,292 and £1,468 per month respectively.
Recent Market Change
Over the last year, 16, River Lane, Norwich has seen its estimated sale value decrease by £8,887 (2.0%) and its estimated rental value grow by £38 per month (2.4%). This results in an estimated gross rental yield of 4.2%.
Energy Efficiency
16, River Lane, Norwich has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Feb 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler.
Sold Prices
The most recent sale of 16, River Lane, Norwich completed on 10th March 2023 at £459,950 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 dropped by 34.2% over the period since March 2023.
- Sold Mar 2023£459,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, River Lane, Norwich have sold within a radius of 410 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th March 2023, was 18, River Lane, Norwich, NR3 1FQ, a freehold house which sold for £479,950.
Read more about house prices in NR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 9 addresses on River Lane, Norwich, NR3, 16, River Lane, Norwich comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £241k more expensive than the average property across the NR3 district.
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Schools Nearby
- 400mMagdalen Gates Primary School
- 600mGeorge White Junior School
- 700mMousehold Infant & Nursery School
- 700mJane Austen College
- 1.3kmSewell Park Academy
- 1.5kmNotre Dame High School, Norwich
More reading links
Public Transport Nearby
From 16, River Lane, Norwich, the nearest station is Norwich, 1.0 kilometres away.
- 1.0kmNorwich
- 7.5kmSalhouse
- 8.0kmBrundall Gardens
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
