2 Merchant Way, Norwich, NR6 5HS is a leasehold flat built between 1983-1990. The property offers approximately 484 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £79,185 , which equates to approximately £164 per square foot. It was last sold on 29 Mar 2019 for £76,000. Since then, the value has increased by £3,185, representing a 4.2% increase, or approximately 0.6% per year.

The current estimated value of £79,185 is:

  • 58.2% lower than the average property price on Merchant Way
  • 58.0% lower than the average in the NR6 5HS postcode area
  • and 73.5% lower than the average price for Norwich as a whole

At the most recent EPC inspection on 9 January 2019, the property was recorded as owner-occupied.

View sold house prices in NR6 5HS

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
484 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£79,185
Price Per sq ft (estimate)
£164
Bedroom Count (estimate)
1 bedroom

EPC Summary

2 Merchant Way, Norwich, Broadland, Norfolk, NR6 5HS has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 9 Jan 2019.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows have partial double glazing.

Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, filled cavity
Good
Windows
Partial double glazing
Poor
Lighting
Low energy lighting in 67% of fixed outlets
Good

Compared to NR6 5HS

43 rd / 43
Price Rank
58% lower than average
29 th / 36
Size Rank
11% smaller than average
36 th / 36
Price Per Sq FT Rank
53% lower than average

Compared to other properties in NR6 5HS , this flat's estimated value ranks 43th out of 43. Based on price per square foot, it ranks 36th out of 36 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 29th out of 36 properties in its postcode area.

Sale History

Today
£79,185
streetscan.co.uk estimate
+4 %
29 Mar 2019
£76,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 538 sq ft
sale price: £176,000
sale date: 1 Oct 2020
rooms: 2
size: 506 sq ft
sale price: £108,000
sale date: 29 Jun 2018
rooms: 2
size: 484 sq ft
sale price: £80,000
sale date: 18 Mar 2016
rooms: 2
size: 464 sq ft
sale price: £62,500
sale date: 7 Dec 2012
rooms: 3
size: 549 sq ft
sale price: £51,000
sale date: 19 Aug 1999

Data Sources

The property at 2 Merchant Way, Norwich, Broadland, Norfolk, NR6 5HS appears once in the Land Registry records, with the transaction recorded on 29 Mar 2019. It also has a single Energy Performance Certificate (EPC) from 9 Jan 2019. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.