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According to the public record, Flat 2, 35, Park Lane, Norwich is a period leasehold apartment with 312 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 Flat 2, 35, Park Lane, Norwich is £137,966 and the estimated rental value is £709 per month.
The apartment is within 35, Park Lane, Norwich, NR2.
Park Lane, Norwich, NR2 is located in the borough of Norwich within the NR2 postal district.
Flat 2, 35, Park Lane, Norwich has 61 entries in the Land Registry , most recently in July 2023 and a single entry in the EPC database dated November 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.
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 Flat 2, 35, Park Lane, Norwich is in very good condition we estimate a sale value of £144,865 and a rental value of £745 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £128,309 and a rental value of £660 per month.
Over the last 12 months the sale value of Flat 2 35 Park Lane Norwich has decreased by an estimated £891 (0.6%) and its rental value has increased by an estimated £25 per month (3.5%), giving an expected gross yield of 6.2%.
Flat 2, 35, Park Lane, Norwich has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Nov 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, LPG.
According to HM Land Registry, Flat 2, 35, Park Lane, Norwich was last sold on 21st July 2023 for £165,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since July 2023, the market for similar properties has risen 16.9%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, 35, Park Lane, Norwich within a radius of 390 metres over the last 2 years.
The most recent example is Flat I, 100, Earlham Road, Norwich, NR2 3HB, a leasehold flat which sold for £148,000 on the 20th October 2017.
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, Flat 2, 35, Park Lane, Norwich is the 132nd largest and the 111th most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in NR2.
The closest station to Flat 2, 35, 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 Flat 2, 35, Park Lane, Norwich, 46.5% of property is privately rented and 32.9% is privately owned outright.
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 Flat 2, 35, Park Lane, Norwich, 22.4% of residents are recorded as possessing school level qualifications and 69.4% 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 Flat 2, 35, 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 Flat 2, 35, Park Lane, Norwich, 2.8% 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 Flat 2, 35, 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.
