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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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Flat 21, 59, Norwich Road, Ipswich is recorded publicly as a modern leasehold apartment across 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 21, 59, Norwich Road, Ipswich is £95,327 and its rental estimate is £647 per month, given the available information and assuming reasonable condition.
59, Norwich Road is a residential building on Norwich Road, Ipswich, IP1 and falls within the IP1 postal district and the borough of Ipswich.
Flat 21, 59, Norwich Road, Ipswich has 31 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated July 2022.
We combine this information with that 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.
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 Flat 21, 59, Norwich Road, Ipswich, we estimate a market value of £100,093 and a rental value of £680 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £88,654 and £602 per month respectively.
Over the last year, Flat 21, 59, Norwich Road, Ipswich has seen its estimated sale value decline by £2,227 (2.3%) and its estimated rental value climb by £22 per month (3.4%). This results in an estimated gross rental yield of 8.1%.
Flat 21, 59, Norwich Road, Ipswich has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jul 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The most recent sale of Flat 21, 59, Norwich Road, Ipswich completed on 9th December 2022 at £130,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 8.1% over the period since December 2022.
Over the past 2 years 3 properties similar to Flat 21, 59, Norwich Road, Ipswich have sold within a radius of 330 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st April 2021, was Flat 4, 59, Norwich Road, Ipswich, IP1 2EP, a leasehold flat which sold for £70,000.
Read more about house prices in IP1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 699 addresses on Norwich Road, Ipswich, IP1, Flat 21, 59, Norwich Road, Ipswich comes out as the 537th largest and the 609th most expensive in our analysis of the public data.
It is also £142k less expensive than the average property across the IP1 district.
From Flat 21, 59, Norwich Road, Ipswich, the nearest station is Ipswich, 1.2 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 21, 59, Norwich Road, Ipswich, 55.0% of property is socially rented and 40.7% is privately rented.
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 21, 59, Norwich Road, Ipswich, 9.4% of residents are recorded as possessing school level qualifications and 19.1% 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 21, 59, Norwich Road, Ipswich, the average age was 35.3 and the most common age was 32.
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 21, 59, Norwich Road, Ipswich, 1.0% 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 21, 59, Norwich Road, Ipswich, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
