AIAI Property Valuation for NR16 — NORWICH
AI Estimate
£386,683
Range: £355,748 – £417,618 (±8%)
580 sales (12mo)
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🏠
Detached
£448,426
332 sold (12mo)
🏘️
Semi-Detached
£300,370
142 sold (12mo)
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Terraced
£271,721
49 sold (12mo)
Price History — NR16
Price Forecast
Current
£386,683
1-Year
£402,044
-0.7%
3-Year
£396,485
-2.1%
Based on historical trend projection, capped at ±15% per year. This is not financial advice.
Rental Yield
Est. Monthly Rent
£1,109
Gross Yield
3.29%
Net Yield (est.)
2.63%
Region Average
2.66%
Annual rental income estimate: £13,308. Net yield deducts ~20% for management, voids, maintenance and insurance. Regional averages based on ONS Private Rental Market Statistics.
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Investment Score
Overall Score
Out of 10 — weighted composite
Area Intelligence
🛡️
Crime Rate
Below avg
5/1000 (-93.8% vs national)
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Schools
3 Good+
11 total, 0 Outstanding
⚡
EPC Rating
Avg C
Score: 65/100
📶
Broadband
253 Mbps
Average download speed
🏛️
Council Tax
£2,114
Band D — Breckland
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Tenure
27% Owner
15% private rent
Nearby Postcodes
Frequently Asked Questions
What is the average house price in NR16?
The AI-estimated average house price in NR16 (NORWICH) is £386,683, based on 580 transactions in the last 12 months. This estimate has high confidence (±8%).
What is the rental yield in NR16?
The estimated gross rental yield in NR16 is 3.29%, based on an average monthly rent of £1,109 and average property price of £404,852. The estimated net yield after costs is 2.63%.
Is NR16 a good area to invest in?
NR16 has an overall investment score of 5.9/10. This considers price growth (6.6/10), rental yield (2.2/10), safety (9.7/10), schools (2.7/10), and connectivity (10/10).
What are property prices by type in NR16?
Average prices in NR16 by property type: detached (£448,426), semi-detached (£300,370), terraced (£271,721), flats (£184,770). These are based on Land Registry transaction data from the last 12 months.
How accurate are AI property estimates for NR16?
Our AI estimates for NR16 are based on Land Registry transaction data, local market trends, and area characteristics. With 580 recent sales, the estimate has high confidence. For a precise valuation, we recommend getting a professional survey.
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Disclaimer: AI estimates are based on Land Registry transaction data and statistical modelling. They are not professional valuations. Rental yield estimates use ONS regional rental data and may differ from actual local rents. Past performance does not predict future house prices. For a precise valuation, consult a qualified surveyor.