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Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Drays Yard, Norwich is £179,127 and the estimated rental value is £901 per month.
Drays Yard, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
2, Drays Yard, Norwich has a single entry in the Land Registry from February 2013 and a single entry in the EPC database dated March 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, Drays Yard, Norwich is in very good condition we estimate a sale value of £188,084 and a rental value of £946 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,588 and a rental value of £838 per month.
Over the last 12 months the sale value of 2 Drays Yard Norwich has decreased by an estimated £1,498 (0.8%) and its rental value has increased by an estimated £21 per month (2.3%), giving an expected gross yield of 6%.
2, Drays Yard, Norwich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Mar 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 2, Drays Yard, Norwich was last sold on 15th February 2013 for £137,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since February 2013, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Drays Yard, Norwich within a radius of 400 metres over the last 2 years.
The most recent example is Flat 36, Morgan House, Rouen Road, Norwich, NR1 1QQ, a leasehold flat which sold for £170,000 on the 27th September 2024.
Read more about house prices in NR1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drays Yard, Norwich, NR1 has a total of 8 addresses. According to our analysis of all the public data, 2, Drays Yard, Norwich is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £44k less expensive than the average property in NR1.
The closest station to 2, Drays Yard, Norwich is Norwich station which is 400 metres 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Drays Yard, 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, Drays Yard, 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, Drays Yard, 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, Drays Yard, 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.