2B, Margaret Road
2B, Margaret Road
Description & Estimates
2B, Margaret Road, Norwich is described in the public record as a modern house with 527 ft2 of internal area, sitting on a 384 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 2B, Margaret Road, Norwich is £201,679 and its rental estimate is £1,004 per month, given the available information and assuming reasonable condition.
Margaret Road, Norwich, NR5 falls within the NR5 postal district, in the borough of South Norfolk.
Our Data Sources
2B, Margaret Road, Norwich has no records in the the Land Registry and a single entry in the EPC database dated December 2021.
We combine this information with public data 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.
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 2B, Margaret Road, Norwich, we estimate a market value of £211,763 and a rental value of £1,054 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £187,561 and £934 per month respectively.
Recent Market Change
Over the last year, 2B, Margaret Road, Norwich has seen its estimated sale value decrease by £1,272 (0.6%) and its estimated rental value grow by £33 per month (3.3%). This results in an estimated gross rental yield of 6.0%.
Plot Size
HM Land Registry records the plot of land for 2B, Margaret Road, Norwich as measuring 384 m2.
That makes it the 26th largest plot in the postcode, where 29 of the 40 other houses have recorded plot data.
Energy Efficiency
2B, Margaret Road, Norwich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Dec 2021.
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 2B, Margaret Road, Norwich have sold within a radius of 760 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th September 2024, was 15, Margaret Road, Norwich, NR5 0AU, a freehold house which sold for £236,000.
Read more about house prices in NR5.
- Sold Sep 2024£236,000 | 2 Bed House15, Margaret Road, Norwich, NR5 0AU15, Margaret Road, Norwich, NR5 0AU
- Sold Dec 2022£222,250 | 2 Bed House32, Margaret Road, Norwich, NR5 0AU32, Margaret Road, Norwich, NR5 0AU
- Sold Nov 2021£245,000 | 2 Bed House18, Sunny Close, Norwich, NR5 0ET18, Sunny Close, Norwich, NR5 0ET
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 40 addresses on Margaret Road, Norwich, NR5, 2B, Margaret Road, Norwich comes out as the 35th largest and the 32nd most expensive in our analysis of the public data.
It is also £38k less expensive than the average property across the NR5 district.
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Schools Nearby
- 900mValley Primary Academy
- 1.1kmClover Hill VA Infant and Nursery School
- 1.1kmCostessey Primary School
- 1.7kmOrmiston Victory Academy
- 1.9kmHellesdon High School
- 2.5kmCity Academy Norwich
More reading links
Public Transport Nearby
From 2B, Margaret Road, Norwich, the nearest station is Norwich, 5.4 kilometres away.
- 5.4kmNorwich
- 10.9kmSalhouse
- 12.3kmWymondham
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
