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House Prices in NR2

The average house price in NR2 (Norwich) is £272,277 using HM Land Registry data.

The average property price increased by £77,342 (16.28%) over the last 5 years and increased by £15,458 (2.63%) over the last 12 months.

Over the last year, there were 317 residential property sales – a decrease of 175 transactions (-55.21%) relative to the previous year. The majority of house sales (104) were in the £236,000 - £322,000 range. Then came properties in the £150,000 - £236,000 range, where 72 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,529 (-1%).

In April 2024, there were 65 new estate agency instructions, 50 agreed home sales and 39 property price reductions.

5-Year Average Property Prices in NR2 (Norwich)

16.28%

Property prices in Norwich increased by 16.28% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NR2 (Norwich) Over the Last Year

2.63%

Property prices in Norwich increased by 2.63% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for NR2 (Norwich) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NR2 (Norwich)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NR2 (Norwich)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NR2 (Norwich)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NR2 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR2 postcode area since 1995.

Recent Sales in NR2 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
7 Maud Street, Norwich, Norfolk, NR2 3BE	£260,000	£257,500	-£2,500	12 Dec 2023	01 Mar 2024	80 Days
18 Cow Hill, Norwich, Norfolk, NR2 1HD	£450,000	£425,000	-£25,000	23 Nov 2023	01 Mar 2024	99 Days
37 Avenue Road, Norwich, Norfolk, NR2 3HW	£325,000	£312,500	-£12,500	14 Sep 2023	26 Jan 2024	134 Days
8 Chapelfield North, Norwich, Norfolk, NR2 1NY	£290,000	£278,000	-£12,000	26 Sep 2023	23 Jan 2024	119 Days
54 Godric Place, Norwich, Norfolk, NR2 3UB	£110,000	£95,000	-£15,000	22 Aug 2023	20 Jan 2024	151 Days
15 Denbigh Road, Norwich, Norfolk, NR2 3AA	£220,000	£207,500	-£12,500	14 Sep 2023	19 Jan 2024	127 Days
25 Meadow Rise Road, Norwich, Norfolk, NR2 3QE	£425,000	£405,000	-£20,000	25 Jul 2023	16 Jan 2024	175 Days
111 Somerleyton Gardens, Norwich, Norfolk, NR2 2BP	£130,000	£125,000	-£5,000	24 May 2023	08 Jan 2024	229 Days
11 Mount Pleasant, Norwich, Norfolk, NR2 2DH	£1,050,000	£1,050,000	£00	08 Jun 2023	08 Jan 2024	214 Days
16 Hadley Drive, Norwich, Norfolk, NR2 3RT	£425,000	£415,000	-£10,000	03 Aug 2023	18 Dec 2023	137 Days
39 Rose Valley, Norwich, Norfolk, NR2 2PX	£240,000	£240,000	£00	05 Sep 2023	11 Dec 2023	97 Days
36 Sarah West Close, Norwich, Norfolk, NR2 2TE	£350,000	£347,000	-£3,000	14 Jun 2023	11 Dec 2023	180 Days
62 Norfolk Street, Norwich, Norfolk, NR2 2SN	£145,000	£145,000	£00	12 Jul 2023	07 Dec 2023	148 Days
53 Livingstone Street, Norwich, Norfolk, NR2 4HE	£230,000	£220,000	-£10,000	05 Aug 2023	05 Dec 2023	122 Days
16 Lincoln Street, Norwich, Norfolk, NR2 3LA	£325,000	£300,000	-£25,000	13 Jul 2023	01 Dec 2023	141 Days
11 Highland Road, Norwich, Norfolk, NR2 3NN	£325,000	£325,000	£00	09 Aug 2023	01 Dec 2023	114 Days
87 Newmarket Road, Norwich, Norfolk, NR2 2HP	£1,300,000	£1,300,000	£00	21 Nov 2023	29 Nov 2023	8 Days
111 Connaught Road, Norwich, Norfolk, NR2 3BS	£260,000	£250,000	-£10,000	07 Jul 2023	24 Nov 2023	140 Days
36 Highland Road, Norwich, Norfolk, NR2 3NN	£325,000	£325,000	£00	19 Jul 2023	20 Nov 2023	124 Days
88 College Road, Norwich, Norfolk, NR2 3JL	£325,000	£318,000	-£7,000	20 Jul 2023	17 Nov 2023	120 Days

Most Expensive Streets in NR2 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR2 2NB	Town Close Road	Norwich	£1,289,500	5
NR2 2PH	Unthank Road	Norwich	£1,111,666	3
NR2 2AE	Christchurch Road	Norwich	£1,048,125	8
NR2 2DG	Mount Pleasant	Norwich	£941,250	4
NR2 2AH	Unthank Road	Norwich	£782,029	4
NR2 3DW	West Parade	Norwich	£775,000	3
NR2 3DP	Mill Hill Road	Norwich	£754,888	9
NR2 2DQ	Mount Pleasant	Norwich	£680,250	4
NR2 3PG	Christchurch Road	Norwich	£679,892	7
NR2 1SA	The Crescent	Norwich	£666,250	4

Least Expensive Streets in NR2 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR2 3PE	Earlham House, Earlham Road	Norwich	£77,285	14
NR2 3HJ	Denbigh House, Denbigh Road	Norwich	£90,375	4
NR2 3PF	Earlham House, Earlham Road	Norwich	£103,650	10
NR2 3PT	Bradbury House, Kinghorn Road	Norwich	£115,250	6
NR2 2TJ	Wessex Street	Norwich	£118,300	10
NR2 4PB	Jessica Court, Orchard Street, Norwich	Norwich	£120,333	3
NR2 3UB	Godric Place	Norwich	£121,666	3
NR2 4PU	Derby Street	Norwich	£124,000	4
NR2 4BN	West Pottergate	Norwich	£124,820	5
NR2 3UA	Godric Place	Norwich	£126,300	5