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House Prices in NR23

The average house price in NR23 (Wells-Next-The-Sea) is £0 using HM Land Registry data.

The average property price decreased by £36,766 (19.76%) over the last 5 years and decreased by £7,350 (3.41%) over the last 12 months.

Over the last year, there were 38 residential property sales – a decrease of 14 transactions (-36.84%) relative to the previous year. The majority of house sales (8) were in the £302,000 - £384,000 range. Then came properties in the £466,000 - £548,000 range, where 8 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 116 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,600 (-3%).

In Aug 2026, there were 15 new estate agency instructions, 5 agreed home sales and 6 property price reductions.

5-Year Average Property Prices in NR23 (Wells-Next-The-Sea)

19.76%

Property prices in NR23 (Wells-Next-The-Sea) increased by 19.76% 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 NR23 (Wells-Next-The-Sea) Over the Last Year

3.41%

Property prices in NR23 (Wells-Next-The-Sea) increased by 3.41% 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 NR23 (Wells-Next-The-Sea) - Aug 2026

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 NR23 (Wells-Next-The-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 NR23 (Wells-Next-The-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 NR23 (Wells-Next-The-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 NR23 (Wells-Next-The-Sea) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR23 postcode area since 1995.

Recent Sales in NR23 (Wells-Next-The-Sea)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 2, Smugglers Cove, Northfield Lane, Wells-next-the-sea, NR23 1LQ	£325,000	£315,000	-£10,000	05 Mar 2026	27 May 2026	83 Days
1 Park Road, Wells-next-the-sea, NR23 1DQ	£250,000	£240,000	-£10,000	17 Jan 2026	14 May 2026	117 Days
8 Russell Close, Wells-next-the-sea, NR23 1BX	£435,000	£430,000	-£5,000	04 Sep 2025	16 Apr 2026	224 Days
85 Ardmore, Northfield Crescent, Wells-next-the-sea, NR23 1LR	£575,000	£530,000	-£45,000	28 Oct 2025	24 Mar 2026	147 Days
26 Ashburton Close, Wells-next-the-sea, NR23 1QG	£625,000	£625,000	£0	01 Aug 2025	20 Feb 2026	203 Days
1 High Street, Wighton, NR23 1AL	£325,000	£300,000	-£25,000	22 May 2025	13 Feb 2026	267 Days
21 Waveney Close, Wells-next-the-sea, NR23 1HU	£395,000	£375,000	-£20,000	16 Aug 2025	30 Jan 2026	167 Days
Beresford House, Lugger Yard, Wells-next-the-sea, NR23 1BS	£875,000	£860,000	-£15,000	01 Jul 2025	20 Jan 2026	203 Days
44 Northfield Lane, Wells-next-the-sea, NR23 1LQ	£285,000	£260,000	-£25,000	28 Apr 2025	18 Dec 2025	234 Days
2 Rectory Close, Wells-next-the-sea, NR23 1NB	£600,000	£600,000	£0	23 Jul 2025	09 Dec 2025	139 Days
2 Flint Drift, Wells-next-the-sea, NR23 1UA	£550,000	£505,000	-£45,000	01 Aug 2025	27 Nov 2025	118 Days
58 Northfield Crescent, Wells-next-the-sea, NR23 1LP	£225,000	£224,000	-£1,000	20 Aug 2025	26 Nov 2025	98 Days
63 Gracious Cottage, Wells Road, Wells-next-the-sea, NR23 1QE	£700,000	£680,000	-£20,000	07 Apr 2025	29 Oct 2025	205 Days
Flintstones, Beldorma Close, Wells-next-the-sea, NR23 1EE	£550,000	£530,000	-£20,000	14 Apr 2025	30 Sep 2025	169 Days
Flat 2, The Granary, The Quay, Wells-next-the-sea, NR23 1JT	£475,000	£470,000	-£5,000	31 Jan 2025	12 Sep 2025	224 Days
14 Mill Road, Wells-next-the-sea, NR23 1HB	£375,000	£375,000	£0	22 May 2025	05 Sep 2025	106 Days
26 Market Lane, Wells-next-the-sea, NR23 1HJ	£225,000	£225,000	£0	25 Mar 2025	29 Aug 2025	157 Days
13 Park Road, Wells-next-the-sea, NR23 1NW	£375,000	£360,000	-£15,000	28 Jan 2025	22 Aug 2025	206 Days
Creek Cottage, Standard Road, Wells-next-the-sea, NR23 1JX	£475,000	£475,000	£0	07 Apr 2025	28 Jul 2025	112 Days
19 The Glebe, Wells-next-the-sea, NR23 1AZ	£250,000	£250,000	£0	29 Jan 2025	25 Jul 2025	177 Days

Most Expensive Streets in NR23 (Wells-Next-The-Sea)

Postcode	Street	Area	Average	No. of Sales
NR23 1QP	Bridge Street, Stiffkey	Wells-Next-The-Sea	£681,666	3
NR23 1QE	Wells Road, Wells-next-the-sea	Wells-Next-The-Sea	£663,333	3
NR23 1HQ	Two Furlong Hill, Wells-next-the-sea	Wells-Next-The-Sea	£632,166	3
NR23 1JT	The Granary, The Quay	Wells-Next-The-Sea	£596,666	3
NR23 1BE	Dogger Lane, Wells-next-the-sea	Wells-Next-The-Sea	£548,666	3
NR23 1HJ	Market Lane, Wells-next-the-sea	Wells-Next-The-Sea	£547,459	6
NR23 1FA	Quayside Court, The Quay	Wells-Next-The-Sea	£530,000	3
NR23 1DB	Mill Road, Wells-next-the-sea	Wells-Next-The-Sea	£516,250	4
NR23 1BA	Freeman Street, Wells-next-the-sea	Wells-Next-The-Sea	£505,000	3
NR23 1EN	High Street, Wells-next-the-sea	Wells-Next-The-Sea	£502,200	5

Least Expensive Streets in NR23 (Wells-Next-The-Sea)

Postcode	Street	Area	Average	No. of Sales
NR23 1LN	Knitting Needle Lane, Wells-next-the-sea	Wells-Next-The-Sea	£230,833	3
NR23 1LQ	Northfield Lane, Wells-next-the-sea	Wells-Next-The-Sea	£246,000	5
NR23 1LJ	Northfield Waye, Wells-next-the-sea	Wells-Next-The-Sea	£338,950	5
NR23 1AZ	The Glebe, Wells-next-the-sea	Wells-Next-The-Sea	£367,500	4
NR23 1EQ	Church Plain, Wells-next-the-sea	Wells-Next-The-Sea	£419,125	4
NR23 1HT	Waveney Close, Wells-next-the-sea	Wells-Next-The-Sea	£421,875	4
NR23 1QG	Ashburton Close, Wells-next-the-sea	Wells-Next-The-Sea	£426,887	16
NR23 1DQ	Park Road, Wells-next-the-sea	Wells-Next-The-Sea	£438,500	4
NR23 1AJ	Wells Road, Wells-next-the-sea	Wells-Next-The-Sea	£453,750	6
NR23 1HF	Mill Court, Wells-next-the-sea	Wells-Next-The-Sea	£468,944	6