FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Gorleston-on-Sea

Gorleston-on-Sea House Prices Gorleston-on-Sea House Prices

The average house price in Gorleston-on-Sea is £191,342 using HM Land Registry data.

The average property price increased by £69,900 (40.89%) over the last 5 years and increased by £13,970 (6.16%) over the last 12 months.

Over the last year, there were 194 residential property sales – a decrease of 128 transactions (-65.98%) relative to the previous year. The majority of house sales (62) were in the £120,000 - £176,000 range. Then came properties in the £176,000 - £232,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,119 (-2%).

In April 2024, there were 47 new estate agency instructions, 33 agreed home sales and 49 property price reductions.

Neighbouring Areas: Great Yarmouth, Bradwell

Postcodes Covered: NR31

5-Year Average Property Prices in Gorleston-on-Sea

40.89%

Property prices in Gorleston-on-Sea increased by 40.89% 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 Gorleston-on-Sea Over the Last Year

6.16%

Property prices in Gorleston-on-Sea increased by 6.16% 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.

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).

Property Market Heat Gauge for Gorleston-on-Sea - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Gorleston-on-Sea

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 Gorleston-on-Sea

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 Gorleston-on-Sea

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 Gorleston-on-Sea since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Gorleston-on-Sea area since 1995.

Recent Property Sales in Gorleston-on-Sea

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
32 The Mews, Gorleston, Great Yarmouth, Norfolk, NR31 6TW£295,000£275,000-£20,00007 Oct 202311 Mar 2024156 Days
1 Marine Parade, Gorleston, Great Yarmouth, Norfolk, NR31 6DP£475,000£455,000-£20,00010 Oct 202308 Mar 2024150 Days
5 Bells Road, Gorleston, Great Yarmouth, Norfolk, NR31 6BB£120,000£120,000£0021 Sep 202307 Mar 2024168 Days
67 Nelson Road, Gorleston, Great Yarmouth, Norfolk, NR31 6AY£140,000£129,000-£11,00024 Nov 202329 Feb 202497 Days
78 Kalmia Green, Gorleston, Great Yarmouth, Norfolk, NR31 8LR£85,000£81,000-£4,00019 May 202321 Feb 2024278 Days
16 Highfield Road, Gorleston, Great Yarmouth, Norfolk, NR31 0PP£160,000£151,500-£8,50031 May 202306 Feb 2024251 Days
8 The Boulters, Gorleston, Great Yarmouth, Norfolk, NR31 6TF£195,000£192,000-£3,00012 Apr 202305 Feb 2024299 Days
6 Holly Way, Gorleston, Great Yarmouth, Norfolk, NR31 8EX£130,000£127,500-£2,50003 Oct 202331 Jan 2024120 Days
78 Burnt Lane, Gorleston, Great Yarmouth, Norfolk, NR31 0PF£160,000£160,000£0030 May 202329 Jan 2024244 Days
Flat 11, Barham Court, Lowestoft Road, Gorleston, Great Yarmouth, Norfolk, NR31 6LD£120,000£118,000-£2,00003 Nov 202325 Jan 202483 Days
172 Lowestoft Road, Gorleston, Great Yarmouth, Norfolk, NR31 6JE£250,000£217,500-£32,50015 May 202323 Jan 2024253 Days
65 Oxford Avenue, Gorleston, Great Yarmouth, Norfolk, NR31 7ES£150,000£145,000-£5,00022 Aug 202308 Jan 2024139 Days
126a, Lowestoft Road, Gorleston, Great Yarmouth, Norfolk, NR31 6ND£160,000£158,000-£2,00003 Oct 202305 Jan 202494 Days
84a, High Street, Gorleston, Great Yarmouth, Norfolk, NR31 6RQ£67,000£66,000-£1,00004 Sep 202305 Jan 2024123 Days
5 Hornbeam Close, Gorleston, Great Yarmouth, Norfolk, NR31 8DX£160,000£160,000£0012 Sep 202320 Dec 202399 Days
2 Charter Close, Gorleston, Great Yarmouth, Norfolk, NR31 7LD£155,000£152,000-£3,00012 Sep 202320 Dec 202399 Days
1 Paget Crescent, Gorleston, Great Yarmouth, Norfolk, NR31 7RP£375,000£370,000-£5,00012 Apr 202319 Dec 2023251 Days
2 Burgh Road, Gorleston, Great Yarmouth, Norfolk, NR31 8BE£230,000£230,000£0008 Jun 202319 Dec 2023194 Days
23 Edinburgh Avenue, Gorleston, Great Yarmouth, Norfolk, NR31 7EZ£110,000£110,000£0005 Jan 202311 Dec 2023340 Days
4 Baillie Close, Gorleston, Great Yarmouth, Norfolk, NR31 7RT£400,000£400,000£0013 May 202304 Dec 2023205 Days

Most Expensive Streets in Gorleston-on-Sea

PostcodeStreetAreaAverageNo. of Sales
NR31 6HAYallop AvenueGorleston£571,6663
NR31 6JUKennel LokeGorleston£520,9163
NR31 6EZMarine ParadeGorleston£518,7506
NR31 6JWLowestoft RoadGorleston£452,5004
NR31 6HJBately AvenueGorleston£450,0004
NR31 6JJLowestoft RoadGorleston£445,5003
NR31 6JTWarren RoadGorleston£442,60010
NR31 6SUWedgewood CourtGorleston£407,0005
NR31 6TAKennedy AvenueGorleston£406,6663
NR31 6HDYallop AvenueGorleston£403,3333

Least Expensive Streets in Gorleston-on-Sea

PostcodeStreetAreaAverageNo. of Sales
NR31 6DFLeman RoadGorleston£81,3005
NR31 6ETLeman RoadGorleston£87,22510
NR31 8LRKalmia GreenGorleston£90,08312
NR31 6RGHigh StreetGorleston£95,0003
NR31 6LDBarham CourtLowestoft Road£99,5004
NR31 8RDCoronilla GreenGorleston£100,2005
NR31 6PWTeasdels BuildingsBells Marsh Road£100,7504
NR31 6RQHigh StreetGorleston£113,5007
NR31 7EYCambridge WayGorleston£114,6923
NR31 6BDDrudge RoadGorleston£117,1254

Explore Gorleston-on-Sea and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Norfolk
Property Auctions Norfolk
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark