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Martham House Prices Martham House Prices

The average house price in Martham is £240,000 using HM Land Registry data.

The average property price increased by £103,985 (51.91%) over the last 5 years and increased by £20,783 (7.33%) over the last 12 months.

Over the last year, there were 52 residential property sales – a decrease of 24 transactions (-46.15%) relative to the previous year. The majority of house sales (13) were in the £160,000 - £214,000 range. Then came properties in the £214,000 - £268,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 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 11 new estate agency instructions, 9 agreed home sales and 14 property price reductions.

Postcodes Covered: NR29

5-Year Average Property Prices in Martham

51.91%

Property prices in Martham increased by 51.91% 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 Martham Over the Last Year

7.33%

Property prices in Martham increased by 7.33% 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 Martham - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Martham

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 Martham

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 Martham

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 Martham since 1995

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

Recent Property Sales in Martham

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
142 Repps Road, Martham, Great Yarmouth, Norfolk, NR29 4QZ£390,000£388,700-£1,30025 Oct 202323 Feb 2024121 Days
20 Marlborough Green Crescent, Martham, Great Yarmouth, Norfolk, NR29 4SZ£215,000£205,000-£10,00022 Aug 202322 Jan 2024153 Days
23 Thurne Rise, Martham, Great Yarmouth, Norfolk, NR29 4PU£245,000£240,000-£5,00014 Mar 202315 Dec 2023276 Days
134 Marlborough Green Crescent, Martham, Great Yarmouth, Norfolk, NR29 4TU£189,750£183,000-£6,75029 Jul 202318 Oct 202381 Days
37 Rollesby Road, Martham, Great Yarmouth, Norfolk, NR29 4SW£260,000£250,000-£10,00028 Mar 202306 Oct 2023192 Days
54 Repps Road, Martham, Great Yarmouth, Norfolk, NR29 4QT£400,000£380,000-£20,00020 Feb 202314 Sep 2023206 Days
11 Pine Close, Martham, Great Yarmouth, Norfolk, NR29 4SG£284,000£277,000-£7,00027 May 202305 Sep 2023101 Days
8 Bell Meadow, Martham, Great Yarmouth, Norfolk, NR29 4UA£425,000£425,000£0006 Apr 202322 Aug 2023138 Days
83 Somerton Road, Martham, Great Yarmouth, Norfolk, NR29 4QD£220,000£212,000-£8,00022 May 202310 Aug 202380 Days
25 Thurne Rise, Martham, Great Yarmouth, Norfolk, NR29 4PU£270,000£268,000-£2,00002 Mar 202310 Jul 2023130 Days
4 Thurne Rise, Martham, Great Yarmouth, Norfolk, NR29 4PU£290,000£290,000£0027 Jan 202330 Jun 2023154 Days
31 Rollesby Road, Martham, Great Yarmouth, Norfolk, NR29 4SW£450,000£435,000-£15,00013 Oct 202209 Jun 2023239 Days
16 Rollesby Road, Martham, Great Yarmouth, Norfolk, NR29 4RU£230,000£230,000£0018 Nov 202209 Jun 2023203 Days
6 Willows Court, Martham, Great Yarmouth, Norfolk, NR29 4SF£225,000£215,000-£10,00020 Mar 202302 Jun 202374 Days
81 Somerton Road, Martham, Great Yarmouth, Norfolk, NR29 4QD£170,000£165,000-£5,00015 Feb 202326 May 2023100 Days
17 Thurne Rise, Martham, Great Yarmouth, Norfolk, NR29 4PU£230,000£222,500-£7,50024 Jan 202311 May 2023107 Days
10 Bosgate Rise, Martham, Great Yarmouth, Norfolk, NR29 4TQ£285,000£270,000-£15,00023 Sep 202204 May 2023223 Days
27 Rowan Road, Martham, Great Yarmouth, Norfolk, NR29 4RY£200,000£200,000£0010 Oct 202028 Apr 2023930 Days
152 Repps Road, Martham, Great Yarmouth, Norfolk, NR29 4QZ£300,000£300,000£0008 Oct 202213 Apr 2023187 Days
17 Cess Road, Martham, Great Yarmouth, Norfolk, NR29 4QX£160,000£156,000-£4,00017 Oct 202224 Mar 2023158 Days

Most Expensive Streets in Martham

PostcodeStreetAreaAverageNo. of Sales
NR29 4QGHemsby RoadMartham£390,0004
NR29 4UABell MeadowMartham£378,1254
NR29 4PRBlack StreetMartham£361,7147
NR29 4SWRollesby RoadMartham£346,0007
NR29 4PAThe GreenMartham£336,0005
NR29 4QRStation GardensMartham£335,7504
NR29 4PZDamgate LaneMartham£328,2508
NR29 4PEBack LaneMartham£324,50011
NR29 4FAAlder AvenueMartham£323,3754
NR29 4PTStaithe RoadMartham£321,8754

Least Expensive Streets in Martham

PostcodeStreetAreaAverageNo. of Sales
NR29 4NZThurne CourtSomerton Road£98,3333
NR29 4AHThe GreenMartham£111,6663
NR29 4STMarlborough Green CrescentMartham£149,6258
NR29 4QXCess RoadMartham£155,5003
NR29 4TDClarendon DriveMartham£172,1427
NR29 4SZMarlborough Green CrescentMartham£175,2509
NR29 4TWBlenheim AvenueMartham£178,3333
NR29 4QEBensley RoadMartham£183,3333
NR29 4QDSomerton RoadMartham£187,3333
NR29 4TBHamilton WalkMartham£187,9287

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