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Taverham and Drayton House Prices

The average house price in Taverham and Drayton is £320,000 using HM Land Registry data.

The average property price increased by £109,269 (40.66%) over the last 5 years and increased by £21,838 (6.13%) over the last 12 months.

Over the last year, there were 173 residential property sales – a decrease of 79 transactions (-45.66%) relative to the previous year. The majority of house sales (34) were in the £244,000 - £298,000 range. Then came properties in the £190,000 - £244,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 37 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,027 (-2%).

In April 2024, there were 54 new estate agency instructions, 23 agreed home sales and 24 property price reductions.

5-Year Average Property Prices in Taverham and Drayton

40.66%

Property prices in Taverham and Drayton increased by 40.66% 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 Taverham and Drayton Over the Last Year

6.13%

Property prices in Taverham and Drayton increased by 6.13% 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 Taverham and Drayton - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 Taverham and Drayton

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 Taverham and Drayton

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 Taverham and Drayton

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 Taverham and Drayton since 1995

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

Recent Property Sales in Taverham and Drayton

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
91 Fakenham Road, Taverham, Norwich, Norfolk, NR8 6QA	£550,000	£540,000	-£10,000	30 Mar 2023	05 Jan 2024	281 Days
46 Acres Way, Drayton, Norwich, Norfolk, NR8 6UT	£200,000	£200,000	£00	11 Jul 2023	05 Jan 2024	178 Days
49 Radcliffe Road, Drayton, Norwich, Norfolk, NR8 6XZ	£260,000	£255,000	-£5,000	24 Jul 2023	21 Dec 2023	150 Days
76 Kingswood Avenue, Taverham, Norwich, Norfolk, NR8 6UR	£400,000	£395,000	-£5,000	21 Jul 2023	01 Dec 2023	133 Days
48 Springfield Road, Taverham, Norwich, Norfolk, NR8 6QU	£375,000	£350,000	-£25,000	08 Aug 2023	30 Nov 2023	114 Days
30 George Drive, Drayton, Norwich, Norfolk, NR8 6DU	£350,000	£330,000	-£20,000	10 Jun 2023	30 Nov 2023	173 Days
19 Marriott Chase, Taverham, Norwich, Norfolk, NR8 6QQ	£425,000	£415,000	-£10,000	27 Sep 2023	29 Nov 2023	63 Days
63 Mokyll Croft, Taverham, Norwich, Norfolk, NR8 6UG	£200,000	£195,000	-£5,000	20 Jul 2023	14 Nov 2023	117 Days
5 The Cains, Taverham, Norwich, Norfolk, NR8 6FU	£275,000	£275,000	£00	26 Jun 2023	10 Nov 2023	137 Days
2 Nutwood Close, Taverham, Norwich, Norfolk, NR8 6UY	£200,000	£200,000	£00	30 Jun 2023	10 Nov 2023	133 Days
45 Grace Edwards Close, Drayton, Norwich, Norfolk, NR8 6WB	£265,000	£260,000	-£5,000	09 Aug 2023	02 Nov 2023	85 Days
7 Pyehurn Mews, Taverham, Norwich, Norfolk, NR8 6XT	£250,000	£250,000	£00	27 Jul 2023	01 Nov 2023	97 Days
28 Springwood, Taverham, Norwich, Norfolk, NR8 6HZ	£400,000	£380,000	-£20,000	18 Jul 2023	25 Oct 2023	99 Days
78 Pyehurn Mews, Taverham, Norwich, Norfolk, NR8 6XP	£130,000	£128,500	-£1,500	10 Aug 2023	24 Oct 2023	75 Days
74c, Taverham Road, Taverham, Norwich, Norfolk, NR8 6SB	£700,000	£657,500	-£42,500	27 Jul 2023	23 Oct 2023	88 Days
73 Pyehurn Mews, Taverham, Norwich, Norfolk, NR8 6XT	£220,000	£219,500	-£500	09 Jun 2023	09 Oct 2023	122 Days
69 Maple Drive, Taverham, Norwich, Norfolk, NR8 6TF	£250,000	£242,000	-£8,000	31 May 2023	09 Oct 2023	131 Days
65 Lloyd Road, Taverham, Norwich, Norfolk, NR8 6LN	£415,000	£415,000	£00	17 May 2023	09 Oct 2023	145 Days
89 Taverham Road, Taverham, Norwich, Norfolk, NR8 6SE	£600,000	£585,000	-£15,000	12 Jan 2023	09 Oct 2023	270 Days
5 Drayton Lodge Park, Drayton, Norwich, Norfolk, NR8 6AT	£500,000	£500,000	£00	08 Mar 2023	06 Oct 2023	212 Days

Most Expensive Streets in Taverham and Drayton

Postcode	Street	Area	Average	No. of Sales
NR8 6TB	Taverham Park Avenue	Taverham	£970,000	6
NR8 6SY	Taverham Road	Taverham	£740,000	3
NR8 6SB	Taverham Road	Taverham	£679,000	5
NR8 6QF	Woodland Drive	Drayton	£642,500	4
NR8 6FD	Firbanks Close	Drayton	£638,750	4
NR8 6XD	Sylvan Way	Taverham	£600,000	4
NR8 6SG	Taverham Road	Taverham	£586,666	3
NR8 6QA	Fakenham Road	Taverham	£582,000	5
NR8 6SE	Taverham Road	Taverham	£566,277	9
NR8 6LB	Scotch Hill Road	Taverham	£543,333	3

Least Expensive Streets in Taverham and Drayton

Postcode	Street	Area	Average	No. of Sales
NR8 6UL	The Seates	Taverham	£141,100	5
NR8 6XF	Castle Rise	Taverham	£158,250	10
NR8 6UN	Peddars Way	Taverham	£165,375	12
NR8 6YJ	Mulberry Court	Taverham	£168,100	17
NR8 6UT	Acres Way	Drayton	£168,875	8
NR8 6XP	Pyehurn Mews	Taverham	£178,221	14
NR8 6UH	Cowdewell Mews	Taverham	£179,500	6
NR8 6XJ	Rook Drive	Taverham	£185,500	4
NR8 6UY	Nutwood Close	Taverham	£188,833	12
NR8 6YQ	Snowberry Close	Taverham	£189,636	11