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Watton House Prices Watton House Prices

The average house price in Watton is £231,000 using HM Land Registry data.

The average property price increased by £44,832 (21.44%) over the last 5 years and increased by £8,960 (3.66%) over the last 12 months.

Over the last year, there were 157 residential property sales – a decrease of 94 transactions (-59.87%) relative to the previous year. The majority of house sales (40) were in the £218,000 - £252,000 range. Then came properties in the £184,000 - £218,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,785 (-2%).

In April 2024, there were 38 new estate agency instructions, 22 agreed home sales and 21 property price reductions.

Postcodes Covered: IP25

5-Year Average Property Prices in Watton

21.44%

Property prices in Watton increased by 21.44% 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 Watton Over the Last Year

3.66%

Property prices in Watton increased by 3.66% 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 Watton - 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 Watton

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 Watton

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 Watton

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 Watton since 1995

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

Recent Property Sales in Watton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Woodpecker Drive, Watton, Thetford, Norfolk, IP25 6TW£325,000£315,000-£10,00002 Jan 202422 Mar 202480 Days
2 St Marys Close, Watton, Thetford, Norfolk, IP25 6DS£550,000£525,000-£25,00031 Jul 202323 Feb 2024207 Days
6 Ringmere Close, Watton, Thetford, Norfolk, IP25 6LQ£250,000£250,000£0026 Oct 202315 Feb 2024112 Days
113 Lovell Gardens, Watton, Thetford, Norfolk, IP25 6UA£170,000£165,000-£5,00011 Jul 202326 Jan 2024199 Days
88 Blenheim Way, Watton, Thetford, Norfolk, IP25 6XS£350,000£340,000-£10,00016 Aug 202325 Jan 2024162 Days
2a, Sharman Avenue, Watton, Thetford, Norfolk, IP25 6ED£235,000£235,000£0003 Apr 202324 Jan 2024296 Days
38 Sharman Avenue, Watton, Thetford, Norfolk, IP25 6ED£240,000£240,000£0031 Jul 202318 Dec 2023140 Days
9 Bluebell Close, Watton, Thetford, Norfolk, IP25 6HG£220,000£220,000£0006 Sep 202301 Dec 202386 Days
35 Vicarage Walk, Watton, Thetford, Norfolk, IP25 6PH£275,000£260,000-£15,00017 Aug 202330 Nov 2023105 Days
8 Mary Shanks Close, Watton, Thetford, Norfolk, IP25 6FB£195,000£185,000-£10,00003 Jul 202330 Nov 2023150 Days
22 Lovell Gardens, Watton, Thetford, Norfolk, IP25 6TX£190,000£187,500-£2,50003 Jul 202327 Nov 2023147 Days
14 Woodpecker Drive, Watton, Thetford, Norfolk, IP25 6TW£250,000£245,000-£5,00005 Jun 202324 Nov 2023172 Days
24 Langmere Road, Watton, Thetford, Norfolk, IP25 6LG£210,000£205,000-£5,00002 Mar 202324 Nov 2023267 Days
6 Sandringham Court, Watton, Thetford, Norfolk, IP25 6XD£230,000£220,000-£10,00007 Apr 202324 Nov 2023231 Days
11 North Road, Watton, Thetford, Norfolk, IP25 6BG£210,000£205,000-£5,00014 Mar 202317 Nov 2023248 Days
37 Thetford Road, Watton, Thetford, Norfolk, IP25 6BX£250,000£225,000-£25,00001 Sep 202313 Nov 202373 Days
17 Canon Close, Watton, Thetford, Norfolk, IP25 6RF£225,000£215,000-£10,00019 May 202330 Oct 2023164 Days
43a, Akrotiri Square, Watton, Thetford, Norfolk, IP25 6HZ£260,000£257,500-£2,50022 Apr 202223 Oct 2023549 Days
6 Donald Moore Gardens, Watton, Thetford, Norfolk, IP25 6DZ£150,000£140,000-£10,00029 Mar 202323 Oct 2023208 Days
1 Glebe Road, Watton, Thetford, Norfolk, IP25 6PL£400,000£400,000£0002 May 202320 Oct 2023171 Days

Most Expensive Streets in Watton

PostcodeStreetAreaAverageNo. of Sales
IP25 6DSSt Marys CloseWatton£537,5004
IP25 6XZForman CloseWatton£375,8333
IP25 6EZDereham RoadWatton£369,50010
IP25 6DNGriston RoadWatton£341,5004
IP25 6YEFarrier RoadWatton£332,3333
IP25 6LASwaffham RoadWatton£331,8577
IP25 6ZHCrabtree CloseWatton£331,2508
IP25 6ZLWheatcroft DriveWatton£326,0005
IP25 6PNThetford RoadWatton£323,9959
IP25 6YFHorseshoe CloseWatton£323,3333

Least Expensive Streets in Watton

PostcodeStreetAreaAverageNo. of Sales
IP25 6HHManor ParkWatton£107,8754
IP25 6XTGoddards CourtWatton£116,2504
IP25 6FAGregor Shanks WayWatton£128,13611
IP25 6URBowes CloseWatton£130,0005
IP25 6TYLovell GardensWatton£130,5537
IP25 6GWLancaster AvenueWatton£132,81513
IP25 6UALovell GardensWatton£138,3333
IP25 6JWHendon AvenueWatton£143,2254
IP25 6DZDonald Moore GardensWatton£144,5717
IP25 6JJCranwell RoadWatton£145,0004

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