Norwood New Town

Area Guide For Norwood New Town

Norwood New Town is a largely residential, former working/middle class enclave within the larger district of Upper Norwood in Southeast London.  Built from 1840 purposely as one of the main working class areas of early Norwood. It was built as a walled estate to separate its working-class inhabitants from the upper-class country houses and farm land, which at that time made up the district. Its construction commenced before the rebuilding of the Crystal palace on Norwood Hill but it became home to many of the workers employed on the construction of the Palace.


Norwood New Town Map

Estimated Price: £402,456
Average Asking Price: £473,901
Price change in last one year: £44,282
Average Price Paid: £296,751
Average Rent Rates: £1,487


Property Prices Breakdown in Norwood New Town

Average Price for property in Norwood New Town is around £402,456 which varies based on type of property you are interested in and ranges from £833,132 for detached house to around £537,905 for semi-detached. Similarly terraced house is around £453,773 and a flat is worth £292,157. Values have been changing and have risen £2,390 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,899 in last 6 months, £44,282 in last 1 year, £82,736 in last 2 years, £99,453 in last 3 years, £101,569 in last 4 years and £107,605 in last 5 years.

Currently average asking price of a property in Norwood New Town is around £473,901 based on approximately 332 properties for sale. Same is the case with rental options based on 66 properties up for rent, average asking rent is around £1,487 per month.

Estimated property value in Norwood New Town is £402,456. Average asking price is £473,901 while average price paid is £361,784 which is up by £44,282 and Avg. asking rent £1,487.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 New Town area. In last 1 year alone average price buyer paid is around £361,784 based on approximately 332 sales in Norwood New Town area alone. If you compare it to last 3 years sales of 939 properties where buyers paid around £309,662. 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 £296,751 for 1,357 and average amount paid for purchase of approx. 1,696 properties sold in last 7 years comes to about £287,057 per sale.


Properties For Sale in Norwood New Town


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, £497,378 for a 3 bedroom house, £782,029 for a 4 bedroom house and £965,990 for a 5 bedroom house. For a flat similarly the prices varies from £250,408 for a single bedroom to £306,061 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £459,999. To sum up the asking prices for properties in Norwood New Town it comes to around average £256,146 for 1 bedroom property, £313,882 for 2 bedroom, £483,880 for 3 bedroom, £782,029 for 4 bedroom and £965,990 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 £2,208 for 3 bedroom to £2,061 for 4 bedroom and £3,224 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,075. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,342 and £1,300 for 3 bedroom. You should be generally be expecting around average £1,075 rent per month for single bedroom property, £1,342 for 2 bedroom, £2,078 for 3 bedroom, £2,061 for 4 bedroom and approximately £3,224 for a 5 bedroom property in Norwood New Town area.

Popular Houses in Norwood New Town

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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