7, Three Mile Lane
7, Three Mile Lane
Description & Estimates
Public records show 7, Three Mile Lane, Norwich to be an early-century freehold house with 968 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
7, Three Mile Lane, Norwich has an estimated sale value of £275,356 and an estimated rental value of £1,318 per month, assuming reasonable condition and based on the information available.
Three Mile Lane, Norwich, NR5 lies in the borough of South Norfolk, within the NR5 postal district.
Our Data Sources
7, Three Mile Lane, Norwich has a single entry in the Land Registry from August 2024 and a single entry in the EPC database dated April 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 7, Three Mile Lane, Norwich would be worth £289,123, with a potential rental value of £1,384 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £256,081, with a rental value of £1,226 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Three Mile Lane, Norwich has declined by £2,058 (0.7%) over the last year. During the same period, its estimated monthly rental value has climbed by £43 (3.2%). The property's estimated gross yield is currently 5.7%.
Energy Efficiency
7, Three Mile Lane, Norwich has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Apr 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
7, Three Mile Lane, Norwich last changed hands on 5th August 2024, selling for £270,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 11.8% since August 2024.
- Sold Aug 2024£270,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 690 metres of 7, Three Mile Lane, Norwich across the last 2 years.
Most recently, 53, Breckland Road, Norwich, NR5 0RW, a freehold house, sold at £257,000 on the 2nd October 2024.
Read more about house prices in NR5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 7, Three Mile Lane, Norwich as the 24th largest and the 22nd most expensive of the 41 addresses on Three Mile Lane, Norwich, NR5.
Against the NR5 postcode district average, it is £36k more expensive than the typical property.
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Schools Nearby
- 100mCostessey Primary School
- 600mSt Michael's VA Junior School
- 700mChapel Break Infant School
- 700mOrmiston Victory Academy
- 2.8kmCity Academy Norwich
- 3.0kmHellesdon High School
More reading links
Public Transport Nearby
Norwich station is the nearest stop to 7, Three Mile Lane, Norwich at 6.3 kilometres away.
- 6.3kmNorwich
- 11.3kmWymondham
- 12.1kmSalhouse
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
