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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
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According to the public record, 40, Gorse Road, Norwich is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 786 ft2 of internal area and sits on a 509 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Gorse Road, Norwich is £277,900 and the estimated rental value is £1,165 per month.
Gorse Road, Norwich, NR7 is located in the borough of Broadland within the NR7 postal district.
40, Gorse Road, Norwich has a single entry in the Land Registry from November 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 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 40, Gorse Road, Norwich is in very good condition we estimate a sale value of £291,795 and a rental value of £1,223 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,447 and a rental value of £1,084 per month.
Over the last 12 months the sale value of 40 Gorse Road Norwich has decreased by an estimated £3,840 (1.4%) and its rental value has increased by an estimated £27 per month (2.3%), giving an expected gross yield of 5%.
According to data from HM Land Registry, 40, Gorse Road, Norwich sits on a plot of 509m2.
We have plot size data on 51 out of 58 other houses in the postcode and 40, Gorse Road, Norwich sits on the 18th largest plot.
According to HM Land Registry, 40, Gorse Road, Norwich was last sold on 23rd November 2007 for £174,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2007, the market for similar properties has risen 46.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Gorse Road, Norwich within a radius of 570 metres over the last 2 years.
The most recent example is 49, Gorse Road, Norwich, NR7 0AY, a freehold house which sold for £308,000 on the 13th September 2023.
Read more about house prices in NR7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorse Road, Norwich, NR7 has a total of 77 addresses. According to our analysis of all the public data, 40, Gorse Road, Norwich is the 54th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £9k less expensive than the average property in NR7.
The closest station to 40, Gorse Road, Norwich is Norwich station which is 2.4 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 40, Gorse Road, Norwich, 51.5% of property is privately owned outright and 32.3% is privately owned with a mortgage.
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 40, Gorse Road, Norwich, 15.7% of residents are recorded as possessing school level qualifications and 27.9% 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 40, Gorse Road, Norwich, the average age was 46.7 and the most common age was 57.
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 40, Gorse Road, 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 40, Gorse Road, Norwich, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
