48 Park Lane

    48, PARK LANE, NORWICH, NR2 3EF

    This flat/maisonette leasehold property on Park Lane last sold in February 2022 for £80,000. Based on price growth in the NR2 district since then, its estimated current value is £73,420 — placing it in the 1st percentile nationally and the 1st percentile within NR2. The property covers 38 m² (409 sq ft), giving an estimated value of £1,932 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    409 sq ft

    38 m²

    Last Sale Price

    £80,000

    Feb 2022

    Estimated Valuation

    £73,420

    Est. £/sq ft

    £179/sq ft

    £1,932/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area409 sq ft (38 m²)
    EPC dateNov 2022
    WallsCavity wall, as built, partial insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    7 Feb 2022

    £80,000

    16 Apr 2003

    £85,000

    8 Jul 1999

    £32,000

    Key Metrics

    Estimated valuation£73,420
    Value per sq ft / m²£179/sq ft (£1,932/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NR2 district percentile1st percentile
    National percentile1st percentile

    District Context — NR2

    NR2 covers central Norwich and its immediately surrounding residential neighbourhoods in Norfolk. It is a mixed urban area with a blend of period properties, terraced housing, and modern developments, appealing to first-time buyers, young professionals, and landlords seeking rental returns.

    Average Property Price - NR2

    £311,124

    45

    National percentile

    Average Net Household Income - NR2

    £24,083

    3

    National percentile

    10-Year Annualised Price Growth - NR2

    2.9%

    26

    National percentile

    10-Year Annualised Rent Growth - NR

    4.4%

    81

    National percentile

    View full analysis for NR2

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