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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
According to the public record, 40, Latimer Road, Norwich is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 546 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Latimer Road, Norwich is £135,067 and the estimated rental value is £840 per month.
Latimer Road, Norwich, NR1 is located in the borough of Norwich within the NR1 postal district.
40, Latimer Road, Norwich has a single entry in the Land Registry from July 2014 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 3 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 40, Latimer Road, Norwich is in very good condition we estimate a sale value of £141,820 and a rental value of £882 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £125,612 and a rental value of £781 per month.
Over the last 12 months the sale value of 40 Latimer Road Norwich has decreased by an estimated £1,130 (0.8%) and its rental value has increased by an estimated £19 per month (2.3%), giving an expected gross yield of 7.5%.
According to HM Land Registry, 40, Latimer Road, Norwich was last sold on 22nd July 2014 for £90,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2014, the market for similar properties has risen 19.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Latimer Road, Norwich within a radius of 590 metres over the last 2 years.
The most recent example is 17, Latimer Road, Norwich, NR1 2RR, a leasehold flat which sold for £157,500 on the 10th June 2022.
Read more about house prices in NR1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Latimer Road, Norwich, NR1 has a total of 78 addresses. According to our analysis of all the public data, 40, Latimer Road, Norwich is the 72nd largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in NR1.
The closest station to 40, Latimer Road, Norwich is Norwich station which is 1.9 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 40, Latimer Road, Norwich, 46.7% of property is socially rented and 24.4% 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, Latimer Road, Norwich, 18.5% of residents are recorded as possessing school level qualifications and 18.2% 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, Latimer Road, Norwich, the average age was 39.1 and the most common age was 32.
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, Latimer 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, Latimer Road, Norwich, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
