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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
2, Russet Way, Dereham is recorded publicly as a modern freehold house across 1,201 ft2 of internal area, sitting on a 391 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Russet Way, Dereham is £354,885 and its rental estimate is £1,203 per month, given the available information and assuming reasonable condition.
Russet Way, Dereham, NR19 falls within the NR19 postal district, in the borough of Breckland.
2, Russet Way, Dereham has 41 entries in the Land Registry , most recently in January 2018 and a single entry in the EPC database dated August 2009.
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.
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 2, Russet Way, Dereham, we estimate a market value of £372,629 and a rental value of £1,263 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £330,043 and £1,119 per month respectively.
Over the last year, 2, Russet Way, Dereham has seen its estimated sale value decline by £10,290 (2.9%) and its estimated rental value climb by £29 per month (2.4%). This results in an estimated gross rental yield of 4.1%.
HM Land Registry records the plot of land for 2, Russet Way, Dereham as measuring 391 m2.
That makes it the 5th largest plot in the postcode, where 35 of the 39 other houses have recorded plot data.
2, Russet Way, Dereham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Aug 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, Russet Way, Dereham completed on 8th January 2018 at £330,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 26.3% over the period since January 2018.
Over the past 2 years 3 properties similar to 2, Russet Way, Dereham have sold within a radius of 750 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st April 2022, was 3, Belgrave Gardens, Dereham, NR19 1PZ, a freehold house which sold for £312,000.
Read more about house prices in NR19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 39 addresses on Russet Way, Dereham, NR19, 2, Russet Way, Dereham comes out as the 8th largest and the 7th most expensive in our analysis of the public data.
It is also £98k more expensive than the average property across the NR19 district.
From 2, Russet Way, Dereham, the nearest station is Wymondham, 16.8 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Russet Way, Dereham, 39.9% of property is privately owned with a mortgage and 37.1% is privately owned outright.
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, Russet Way, Dereham, 20.7% of residents are recorded as possessing school level qualifications and 21.7% 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, Russet Way, Dereham, the average age was 43.4 and the most common age was 52.
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, Russet Way, Dereham, 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, Russet Way, Dereham, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
