8, Racecourse Road
8, Racecourse Road
Description & Estimates
8, Racecourse Road, Norwich is described in the public record as a modern apartment with 624 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 8, Racecourse Road, Norwich is £144,923 and its rental estimate is £847 per month, given the available information and assuming reasonable condition.
Racecourse Road, Norwich, NR7 falls within the NR7 postal district, in the borough of Broadland.
Our Data Sources
8, Racecourse Road, Norwich has no records in the the Land Registry and a single entry in the EPC database dated September 2023.
We combine this information with public data 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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Racecourse Road, Norwich, we estimate a market value of £152,169 and a rental value of £890 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £134,778 and £788 per month respectively.
Recent Market Change
Over the last year, 8, Racecourse Road, Norwich has seen its estimated sale value rise by £234 (0.2%) and its estimated rental value move up by £35 per month (4.1%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
8, Racecourse Road, Norwich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Sep 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Racecourse Road, Norwich have sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd July 2024, was 69 Laurel Court, Armstrong Road, Norwich, NR7 9LS, a leasehold flat which sold for £163,000.
Read more about house prices in NR7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 108 addresses on Racecourse Road, Norwich, NR7, 8, Racecourse Road, Norwich comes out as the 46th largest and the 60th most expensive in our analysis of the public data.
It is also £142k less expensive than the average property across the NR7 district.
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Schools Nearby
- 1.0kmSt William's Primary School
- 1.0kmHeartsease Primary Academy
- 1.2kmFalcon Junior School
- 1.1kmThe Open Academy
- 1.3kmThorpe St Andrew School and Sixth Form
- 1.4kmSprowston Community Academy
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Public Transport Nearby
From 8, Racecourse Road, Norwich, the nearest station is Norwich, 3.1 kilometres away.
- 3.1kmNorwich
- 4.8kmSalhouse
- 5.7kmBrundall Gardens
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
