I Am The Blog

The latest property news from your online estate agent.

Spotlight on Norwich

Norwich is a venerable and ancient cathedral city in East Anglia on the River Wensum, with a population of circa 213,000. It’s about 100 miles north-east of London. Trains run from Liverpool Street, and with a journey time of just under two hours it’s probably at the limit of a comfortable commuting distance.

The Iceni tribe, led by the fearsome Celtic Queen Boudicca, had its capital nearby.

The Norman Castle was built immediately after the 1066 Conquest, and the Domesday Book notes that almost 100 Anglo-Saxon homes were demolished to make way for it.

Norwich Market was founded at that time, and is still going strong almost 1,000 years later.

Norwich has a proud architectural history, which is promoted under the ‘Norwich 12’ initiative. The buildings include Norwich Castle, now a museum and art gallery, and Norwich Cathedral.

It’s less than 50 miles from Norwich to the beautiful North Norfolk Coast with the fantastic beaches at Holkham and Wells-next-the-Sea, and the busier little town of Cromer.

Most property sales in Norwich over the last twelve months were terraced homes, with an average price of £209,857. The average price for a semi-detached house is £232,258 and for a detached house £331,503. This is up 7% on last year and 20% up on 2014 when prices averaged £192,671. (All figures courtesy of Rightmove.)

There is a new apartments development, The Bridge, overlooking the River Wensum in the centre of Norwich. Prices start £198,000 for a 1-bedroom apartment. There are penthouses too, with prices available on application.

I Am The Agent is currently marketing a 1-bedroom flat in north Norwich at £100,000. Take a look.

For rental properties, according to home.co.uk the average rent for a 1-bedroom home is £505 pcm and for 2-bedrooms £763. They also indicate that the time on the market for this type of property is over 100 days! We’ll spread the word in Norwich that it shouldn’t take anything like 100 days to let a property, and if landlords use I Am the Agent’s lettings packages they’ll let faster and save masses too. See what landlords Gemma and Paul had to say about us.

Check out the fantastic commercial space we are currently marketing in Norwich, with space for warehouse, workshop, offices and showroom.

Council tax in the City of Norwich ranges from £1,142 (Band A) to £2,095 (Band E).

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