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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, 5, Watermill Close, Norwich is a early-century freehold house with 1,097 ft2 of internal area and sits on a 703 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Watermill Close, Norwich is £296,234 and the estimated rental value is £1,356 per month.
Watermill Close, Lower Gresham, Norwich, NR11 is located in the borough of North Norfolk within the NR11 postal district.
5, Watermill Close, Norwich has a single entry in the Land Registry from November 2016 and a single entry in the EPC database dated June 2016.
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.
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 5, Watermill Close, Norwich is in very good condition we estimate a sale value of £311,046 and a rental value of £1,424 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,498 and a rental value of £1,261 per month.
Over the last 12 months the sale value of 5 Watermill Close Norwich has decreased by an estimated £5,749 (1.9%) and its rental value has increased by an estimated £37 per month (2.7%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 5, Watermill Close, Norwich sits on a plot of 703m2.
We have plot size data on 7 out of 13 other houses in the postcode and 5, Watermill Close, Norwich sits on the largest plot.
5, Watermill Close, Norwich has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Jun 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
According to HM Land Registry, 5, Watermill Close, Norwich was last sold on 17th November 2016 for £227,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2016, the market for similar properties has risen 21.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Watermill Close, Norwich within a radius of 4.2 kilometres over the last 2 years.
The most recent example is 7, The Meadows, Norwich, NR11 8RZ, a freehold house which sold for £265,000 on the 5th September 2023.
Read more about house prices in NR11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Watermill Close, Lower Gresham, Norwich, NR11 has a total of 13 addresses. According to our analysis of all the public data, 5, Watermill Close, Norwich is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in NR11.
The closest station to 5, Watermill Close, Norwich is West Runton station which is 4.3 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 5, Watermill Close, Norwich, 52.6% of property is privately owned outright and 25.0% 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 5, Watermill Close, Norwich, 14.6% of residents are recorded as possessing school level qualifications and 35.8% 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 5, Watermill Close, Norwich, the average age was 49.9 and the most common age was 72.
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 5, Watermill Close, Norwich, 1.3% 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 5, Watermill Close, Norwich, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
