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.