Hemsby House Prices Hemsby House Prices

The average house price in Hemsby is £244,857 using HM Land Registry data.

The average property price increased by £53,850 (22.68%) over the last 5 years and increased by £10,763 (3.84%) over the last 12 months.

Over the last year, there were 68 residential property sales – a decrease of 52 transactions (-76.47%) relative to the previous year. The majority of house sales (21) were in the £262,000 - £336,000 range. Then came properties in the £188,000 - £262,000 range, where 15 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,909 (-3%).

In April 2024, there were 55 new estate agency instructions, 24 agreed home sales and 69 property price reductions.

5-Year Average Property Prices in Hemsby

22.68%

Property prices in Hemsby increased by 22.68% 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 Hemsby Over the Last Year

3.84%

Property prices in Hemsby increased by 3.84% 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 Hemsby - 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 Hemsby

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 Hemsby

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 Hemsby

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 Hemsby since 1995

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

Recent Property Sales in Hemsby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Hazeldene, Kings Loke, Hemsby, Great Yarmouth, Norfolk, NR29 4HN£600,000£592,000-£8,00004 Aug 202314 Mar 2024223 Days
23 Beach Drive, Scratby, Great Yarmouth, Norfolk, NR29 3NP£395,000£390,000-£5,00003 Nov 202329 Feb 2024118 Days
Brickweave, Yarmouth Road, Hemsby, Great Yarmouth, Norfolk, NR29 4NJ£220,000£220,000£0026 Oct 202308 Feb 2024105 Days
4 Prospect Place, Winterton On Sea, Great Yarmouth, Norfolk, NR29 4BD£270,000£265,000-£5,00022 May 202312 Dec 2023204 Days
11 Beach Drive, Scratby, Great Yarmouth, Norfolk, NR29 3NP£299,950£286,000-£13,95027 Jul 202301 Dec 2023127 Days
38 California Avenue, Scratby, Great Yarmouth, Norfolk, NR29 3NS£225,000£215,000-£10,00021 Jul 202301 Dec 2023133 Days
2 Meadow Rise, Hemsby, Great Yarmouth, Norfolk, NR29 4HB£290,000£290,000£0006 Jul 202210 Nov 2023492 Days
64 Bulmer Lane, Winterton On Sea, Great Yarmouth, Norfolk, NR29 4AF£450,000£430,000-£20,00027 Jul 202307 Nov 2023103 Days
11 The Cobbleways, Winterton On Sea, Great Yarmouth, Norfolk, NR29 4AG£295,000£290,000-£5,00017 Feb 202302 Nov 2023258 Days
The Cottage, South Road, Hemsby, Great Yarmouth, Norfolk, NR29 4JH£120,000£117,000-£3,00008 Aug 202303 Oct 202356 Days
Cherry Cottage, Black Street, Winterton On Sea, Great Yarmouth, Norfolk, NR29 4AP£350,000£340,000-£10,00002 Jun 202329 Sep 2023119 Days
19 Barleycroft, Hemsby, Great Yarmouth, Norfolk, NR29 4NS£260,000£250,000-£10,00006 Jan 202325 Sep 2023262 Days
10 Gannet Road, Scratby, Great Yarmouth, Norfolk, NR29 3NT£370,000£370,000£0019 Nov 202230 Jun 2023223 Days
2 Springfield Close, Hemsby, Great Yarmouth, Norfolk, NR29 4LZ£215,000£215,000£0001 Feb 202221 Jun 2023505 Days
7 Gannet Road, Scratby, Great Yarmouth, Norfolk, NR29 3NT£340,000£330,000-£10,00020 Jan 202319 Jun 2023150 Days
Branton House, North Road, Hemsby, Great Yarmouth, Norfolk, NR29 4LR£399,995£375,000-£24,99510 Mar 202319 Jun 2023101 Days
20 Hill View Drive, Winterton On Sea, Great Yarmouth, Norfolk, NR29 4BT£290,000£270,000-£20,00021 Jan 202310 May 2023109 Days
41 Beach Road, Scratby, Great Yarmouth, Norfolk, NR29 3AJ£285,000£262,500-£22,50029 Sep 202228 Apr 2023211 Days
5 Hill View Drive, Winterton On Sea, Great Yarmouth, Norfolk, NR29 4BT£350,000£348,000-£2,00001 Dec 202220 Apr 2023140 Days
3 Winterton Road, Hemsby, Great Yarmouth, Norfolk, NR29 4HH£315,000£307,500-£7,50005 Jan 202312 Apr 202397 Days

Most Expensive Streets in Hemsby

PostcodeStreetAreaAverageNo. of Sales
NR29 4HNKings LokeHemsby£485,0003
NR29 4BEMarket PlaceWinterton On Sea£475,0003
NR29 4BYBush RoadWinterton On Sea£424,3754
NR29 4JUHomestead GardensHemsby£399,1663
NR29 3FLAbels CourtBeach Road£390,0004
NR29 4HJBeach RoadHemsby£389,6357
NR29 4DGLavender CourtWinterton On Sea£389,6005
NR29 4APBlack StreetWinterton On Sea£377,9287
NR29 3NTGannet RoadScratby£375,0003
NR29 4BAWinmer AvenueWinterton On Sea£374,6258

Least Expensive Streets in Hemsby

PostcodeStreetAreaAverageNo. of Sales
NR29 4HZBelle Aire Chalet ParkBeach Road£40,6717
NR29 3QLCalifornia RoadCalifornia£44,4927
NR29 4BXWinterton Valley EstateEdward Road£62,8648
NR29 3NWBeach RoadScratby£145,6656
NR29 4JBFour Acres EstateHemsby£175,6005
NR29 4JYCloverland DriveHemsby£177,5003
NR29 4NPRyelandsHemsby£184,5004
NR29 4HDMeadow CloseHemsby£190,6663
NR29 4NUMedeswellHemsby£191,6663
NR29 4NXHaycroftHemsby£192,1005

Explore Hemsby and Neighbouring Area House Prices