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Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2 Water Lane, Colegate, Norwich is a period leasehold apartment with 1,097 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Water Lane, Colegate, Norwich is £261,135 and the estimated rental value is £1,108 per month.
Colegate, Norwich, NR3 is located in the borough of Norwich within the NR3 postal district.
2 Water Lane, Colegate, Norwich has 31 entries in the Land Registry , most recently in December 2021 and a single entry in the EPC database dated August 2021.
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.
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 2 Water Lane, Colegate, Norwich is in very good condition we estimate a sale value of £274,192 and a rental value of £1,164 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £242,856 and a rental value of £1,031 per month.
Over the last 12 months the sale value of 2 Water Lane Colegate Norwich has increased by an estimated £496 (0.2%) and its rental value has increased by an estimated £43 per month (3.9%), giving an expected gross yield of 5.1%.
2 Water Lane, Colegate, Norwich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Aug 2021.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2 Water Lane, Colegate, Norwich was last sold on 17th December 2021 for £230,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since December 2021, the market for similar properties has dropped 27.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Water Lane, Colegate, Norwich within a radius of 450 metres over the last 2 years.
The most recent example is 2 Octagon Court, Calvert Street, Norwich, NR3 1AN, a leasehold flat which sold for £336,500 on the 6th December 2024.
Read more about house prices in NR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colegate, Norwich, NR3 has a total of 53 addresses. According to our analysis of all the public data, 2 Water Lane, Colegate, Norwich is the 16th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £52k more expensive than the average property in NR3.
The closest station to 2 Water Lane, Colegate, Norwich is Norwich station which is 1.1 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 2 Water Lane, Colegate, Norwich, % of property is and % is .
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 Water Lane, Colegate, Norwich, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Water Lane, Colegate, 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 2 Water Lane, Colegate, Norwich, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
