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According to the public record, 46, Park Lane, Norwich is a mid-century leasehold apartment with 443 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 46, Park Lane, Norwich is £120,686 and the estimated rental value is £800 per month.
The apartment is within 46, Park Lane, Norwich, NR2.
Park Lane, Norwich, NR2 is located in the borough of Norwich within the NR2 postal district.
46, Park Lane, Norwich has 2 entries in the Land Registry , most recently in May 2013 and a single entry in the EPC database dated May 2009.
We combine this information with that of neighbouring properties to estimate the property 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 46, Park Lane, Norwich is in very good condition we estimate a sale value of £126,720 and a rental value of £840 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,238 and a rental value of £744 per month.
Over the last 12 months the sale value of 46 Park Lane Norwich has decreased by an estimated £779 (0.6%) and its rental value has increased by an estimated £28 per month (3.5%), giving an expected gross yield of 8%.
46, Park Lane, Norwich has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 May 2009.
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, 46, Park Lane, Norwich was last sold on 31st May 2013 for £110,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2013, the market for similar properties has risen 60.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Park Lane, Norwich within a radius of 400 metres over the last 2 years.
The most recent example is 42A, Park Lane, Norwich, NR2 3EF, a leasehold flat which sold for £135,000 on the 4th June 2024.
Read more about house prices in NR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane, Norwich, NR2 has a total of 134 addresses. According to our analysis of all the public data, 46, Park Lane, Norwich is the 108th largest and the 124th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in NR2.
The closest station to 46, Park Lane, Norwich is Norwich station which is 2.1 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 46, Park Lane, Norwich, 48.4% of property is privately owned outright and 29.4% is privately rented.
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 46, Park Lane, Norwich, 15.0% of residents are recorded as possessing school level qualifications and 66.7% 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 46, Park Lane, Norwich, the average age was 37.6 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 46, Park Lane, Norwich, 1.5% 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 46, Park Lane, Norwich, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
