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House Prices in NR12

The average house price in NR12 (Norwich) is £378,000 using HM Land Registry data.

The average property price increased by £97,843 (25.81%) over the last 5 years and increased by £19,560 (3.9%) over the last 12 months.

Over the last year, there were 250 residential property sales – a decrease of 156 transactions (-62.40%) relative to the previous year. The majority of house sales (72) were in the £170,000 - £254,000 range. Then came properties in the £254,000 - £338,000 range, where 55 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,613 (-3%).

In June 2024, there were 88 new estate agency instructions, 56 agreed home sales and 89 property price reductions.

5-Year Average Property Prices in NR12 (Norwich)

25.81%

Property prices in Norwich increased by 25.81% 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 NR12 (Norwich) Over the Last Year

3.9%

Property prices in Norwich increased by 3.9% 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 NR12 (Norwich) - June 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 NR12 (Norwich)

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 NR12 (Norwich)

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 NR12 (Norwich)

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 NR12 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR12 postcode area since 1995.

Recent Sales in NR12 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Nobel Crescent, Wroxham, Norwich, Norfolk, NR12 8SF	£280,000	£235,000	-£45,000	21 Feb 2024	10 May 2024	79 Days
Hilltop, Mill Loke, Horning, Norwich, Norfolk, NR12 8LL	£550,000	£550,000	£00	07 Nov 2023	01 May 2024	176 Days
13 The Furze, East Ruston, Norwich, Norfolk, NR12 9JH	£190,000	£190,000	£00	13 Feb 2024	29 Apr 2024	76 Days
41 Laxfield Road, Sutton, Norwich, Norfolk, NR12 9QP	£240,000	£232,000	-£8,000	22 Nov 2023	25 Apr 2024	155 Days
19 Hastings Way, Sutton, Norwich, Norfolk, NR12 9RQ	£220,000	£220,000	£00	19 Jun 2023	19 Apr 2024	305 Days
4 Ellis Close, Stalham, Norwich, Norfolk, NR12 9EF	£235,000	£232,500	-£2,500	02 Dec 2023	12 Apr 2024	132 Days
Headley Copper, Horning Road, Hoveton, Norwich, Norfolk, NR12 8JN	£550,000	£545,000	-£5,000	18 Oct 2023	05 Apr 2024	170 Days
Friars Oak, Lawns Loke, Stalham, Norwich, Norfolk, NR12 9AF	£250,000	£250,000	£00	03 Jan 2024	05 Apr 2024	93 Days
3 Parkland Close, Horning, Norwich, Norfolk, NR12 8PW	£650,000	£630,000	-£20,000	01 Nov 2023	22 Mar 2024	142 Days
2 Market Row, Stalham, Norwich, Norfolk, NR12 9AT	£170,000	£160,000	-£10,000	06 Mar 2024	21 Mar 2024	15 Days
28 St Margarets Gardens, Hoveton, Norwich, Norfolk, NR12 8DN	£170,000	£163,500	-£6,500	31 Mar 2023	19 Mar 2024	354 Days
4 Osprey Close, Hoveton, Norwich, Norfolk, NR12 8DR	£325,000	£325,000	£00	29 Nov 2023	19 Mar 2024	111 Days
42 St Margarets Gardens, Hoveton, Norwich, Norfolk, NR12 8DN	£175,000	£173,500	-£1,500	28 Nov 2023	15 Mar 2024	108 Days
69 Two Saints Close, Hoveton, Norwich, Norfolk, NR12 8QR	£325,000	£325,000	£00	03 Jan 2024	01 Mar 2024	58 Days
The Beehive, Riverside Road, Hoveton, Norwich, Norfolk, NR12 8UD	£650,000	£550,000	-£100,000	24 Aug 2023	02 Feb 2024	162 Days
7 St Benets Road, Stalham, Norwich, Norfolk, NR12 9DN	£145,000	£100,000	-£45,000	01 Dec 2021	26 Jan 2024	786 Days
14 Granville Close, Stalham, Norwich, Norfolk, NR12 9DP	£210,000	£210,000	£00	10 Oct 2023	12 Jan 2024	94 Days
10 Mill Road, Frettenham, Norwich, Norfolk, NR12 7LQ	£300,000	£280,000	-£20,000	06 Sep 2023	12 Jan 2024	128 Days
107 Millside, Stalham, Norwich, Norfolk, NR12 9PB	£240,000	£235,000	-£5,000	29 Aug 2023	05 Jan 2024	129 Days
Flat 5, St Johns Court, St Johns Road, Stalham, Norwich, Norfolk, NR12 9BF	£159,950	£150,000	-£9,950	15 Sep 2023	04 Jan 2024	111 Days

Most Expensive Streets in NR12 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR12 7LY	Stanninghall Road, Horstead	Norwich	£1,041,666	3
NR12 8AR	Hall Road, Barton Turf	Norwich	£933,142	6
NR12 8PA	Ropes Hill, Horning	Norwich	£911,000	5
NR12 7BP	Beeston Lane, Beeston	Norwich	£898,333	3
NR12 8TW	Beech Road, Wroxham	Norwich	£898,215	5
NR12 8TP	Beech Road, Wroxham	Norwich	£785,625	8
NR12 8TN	The Avenue, Wroxham	Norwich	£730,000	3
NR12 8UN	Meadow Drive, Hoveton	Norwich	£717,045	11
NR12 8HJ	High Street, Sloley	Norwich	£688,333	3
NR12 0RT	The Common, Happisburgh	Norwich	£651,250	4

Least Expensive Streets in NR12 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR12 9PN	Broadside Chalet Park, Stalham	Norwich	£48,487	4
NR12 9BB	High Street, Stalham	Norwich	£107,071	7
NR12 9BF	St Johns Court, St Johns Road	Norwich	£114,000	4
NR12 9EQ	Spinners Court, Stalham	Norwich	£120,125	4
NR12 0NL	Seaview Crescent, Walcott	Norwich	£128,071	7
NR12 9AE	Market Mews, Stalham	Norwich	£130,125	8
NR12 9FA	Kingfisher Close, Stalham	Norwich	£135,722	9
NR12 0TB	Cross Lane, Eccles On Sea	Norwich	£138,333	3
NR12 0SY	Church Lane, Eccles On Sea	Norwich	£150,500	6
NR12 9DN	St Benets Road, Stalham	Norwich	£159,214	7