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According to the public record, 39, Cherry Close, Norwich is a mid-century leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 39, Cherry Close, Norwich is £110,242 and the estimated rental value is £710 per month.
Cherry Close, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
39, Cherry Close, Norwich has 31 entries in the Land Registry , most recently in June 2021 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 5 out of 5 and is considered of high 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 39, Cherry Close, Norwich is in very good condition we estimate a sale value of £115,754 and a rental value of £746 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £102,525 and a rental value of £661 per month.
Over the last 12 months the sale value of 39 Cherry Close Norwich has decreased by an estimated £793 (0.7%) and its rental value has increased by an estimated £18 per month (2.5%), giving an expected gross yield of 7.7%.
39, Cherry Close, Norwich has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Feb 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 39, Cherry Close, Norwich was last sold on 28th June 2021 for £130,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since June 2021, the market for similar properties has dropped 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Cherry Close, Norwich within a radius of 400 metres over the last 2 years.
The most recent example is 10, Hobart Lane, Norwich, NR1 3JA, a leasehold flat which sold for £116,000 on the 17th August 2022.
Read more about house prices in NR1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherry Close, Norwich, NR1 has a total of 41 addresses. According to our analysis of all the public data, 39, Cherry Close, Norwich is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in NR1.
The closest station to 39, Cherry Close, Norwich is Norwich station which is 1.2 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 39, Cherry Close, Norwich, 49.0% of property is socially rented and 20.1% 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 39, Cherry Close, Norwich, 16.9% of residents are recorded as possessing school level qualifications and 32.6% 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 39, Cherry Close, Norwich, the average age was 41 and the most common age was 22.
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 39, Cherry Close, Norwich, 0.4% 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 39, Cherry Close, Norwich, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
