31 Merchant Way

    31, MERCHANT WAY, NORWICH, NR6 5HS

    This detached leasehold property on Merchant Way last sold in February 2021 for £197,000. Based on price growth in the NR6 district since then, its estimated current value is £204,501 — placing it in the 26th percentile nationally and the 12th percentile within NR6. The property covers 52 m² (560 sq ft), giving an estimated value of £3,933 per m². The EPC rating is D, with a potential rating of B.

    Type

    Detached

    Tenure

    Leasehold

    Floor Area

    560 sq ft

    52 m²

    Last Sale Price

    £197,000

    Feb 2021

    Estimated Valuation

    £204,501

    Est. £/sq ft

    £365/sq ft

    £3,933/m²

    Property Details

    TypeDetached
    TenureLeasehold
    Built formDetached
    Construction ageEngland and Wales: 1983-1990
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialB
    Floor area560 sq ft (52 m²)
    EPC dateJun 2020
    WallsCavity wall, filled cavity
    HeatingElectric storage heaters

    Transaction History

    19 Feb 2021

    £197,000

    3 Nov 2017

    £188,000

    18 Aug 2006

    £149,000

    Key Metrics

    Estimated valuation£204,501
    Value per sq ft / m²£365/sq ft (£3,933/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NR6 district percentile12th percentile
    National percentile26th percentile

    District Context — NR6

    NR6 covers areas in and around Norwich, in Norfolk's city centre and inner suburbs. It is a mixed residential district with a blend of urban and semi-suburban character, popular with families, professionals, and those seeking affordable city-fringe living.

    Average Property Price - NR6

    £281,002

    37

    National percentile

    Average Net Household Income - NR6

    £38,029

    49

    National percentile

    10-Year Annualised Price Growth - NR6

    3.4%

    44

    National percentile

    10-Year Annualised Rent Growth - NR

    4.4%

    81

    National percentile

    View full analysis for NR6

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