Area Guide For Norwood


Norwood Map

Estimated Price: £378,448
Average Asking Price: £496,175
Price change in last one year: £43,141
Average Price Paid: £289,493
Average Rent Rates: £1,388


Property Prices Breakdown in Norwood

Average Price for property in Norwood is around £378,448 which varies based on type of property you are interested in and ranges from £816,511 for detached house to around £548,031 for semi-detached. Similarly terraced house is around £442,086 and a flat is worth £280,248. Values have been changing and have risen £2,329 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,696 in last 6 months, £43,141 in last 1 year, £80,605 in last 2 years, £96,891 in last 3 years, £98,951 in last 4 years and £104,830 in last 5 years.

Currently average asking price of a property in Norwood is around £496,175 based on approximately 482 properties for sale. Same is the case with rental options based on 97 properties up for rent, average asking rent is around £1,388 per month.

Estimated property value in Norwood is £378,448. Average asking price is £496,175 while average price paid is £346,818 which is up by £43,141 and Avg. asking rent £1,388.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Norwood area. In last 1 year alone average price buyer paid is around £346,818 based on approximately 482 sales in Norwood area alone. If you compare it to last 3 years sales of 1,440 properties where buyers paid around £302,704. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £289,493 for 2,094 and average amount paid for purchase of approx. 2,609 properties sold in last 7 years comes to about £280,003 per sale.


Properties For Sale in Norwood


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £325,000, £493,750 for a 2 bedroom house, £500,524 for a 3 bedroom house, £814,467 for a 4 bedroom house and £1,002,843 for a 5 bedroom house. For a flat similarly the prices varies from £230,061 for a single bedroom to £326,053 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £446,764. To sum up the asking prices for properties in Norwood it comes to around average £233,028 for 1 bedroom property, £330,193 for 2 bedroom, £480,215 for 3 bedroom, £814,467 for 4 bedroom and £1,002,843 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £2,100 for 3 bedroom to £2,061 for 4 bedroom and £3,155 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,074. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,349 and £1,400 for 3 bedroom. You should be generally be expecting around average £1,074 rent per month for single bedroom property, £1,349 for 2 bedroom, £1,960 for 3 bedroom, £2,061 for 4 bedroom and approximately £3,155 for a 5 bedroom property in Norwood area.

Popular Houses in Norwood

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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