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House Prices in NR14

The average house price in NR14 (Norwich) is £299,142 using HM Land Registry data.

The average property price increased by £114,730 (30.41%) over the last 5 years and increased by £22,936 (4.46%) over the last 12 months.

Over the last year, there were 298 residential property sales – a decrease of 179 transactions (-60.07%) relative to the previous year. The majority of house sales (85) were in the £210,000 - £286,000 range. Then came properties in the £286,000 - £362,000 range, where 59 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,259 (-5%).

In June 2024, there were 70 new estate agency instructions, 46 agreed home sales and 46 property price reductions.

5-Year Average Property Prices in NR14 (Norwich)

30.41%

Property prices in Norwich increased by 30.41% 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 NR14 (Norwich) Over the Last Year

4.46%

Property prices in Norwich increased by 4.46% 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 NR14 (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 NR14 (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 NR14 (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 NR14 (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 NR14 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR14 postcode area since 1995.

Recent Sales in NR14 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
38 Cannell Road, Loddon, Norwich, Norfolk, NR14 6DW	£280,000	£280,000	£00	17 Jan 2023	22 Apr 2024	461 Days
Little Cottage, The Street, Norton Subcourse, Norwich, Norfolk, NR14 6RS	£225,000	£207,000	-£18,000	17 Oct 2023	19 Apr 2024	185 Days
21 St Georges Close, Thurton, Norwich, Norfolk, NR14 6AY	£270,000	£270,000	£00	22 Nov 2023	08 Apr 2024	138 Days
Slip House, Slip Road, Thurlton, Norwich, Norfolk, NR14 6QB	£600,000	£580,000	-£20,000	04 Nov 2023	08 Apr 2024	156 Days
15 Elizabeth Road, Poringland, Norwich, Norfolk, NR14 7RH	£230,000	£229,000	-£1,000	08 Feb 2024	05 Apr 2024	57 Days
36 Oaklands, Framingham Earl, Norwich, Norfolk, NR14 7QS	£245,500	£227,000	-£18,500	26 Dec 2023	05 Apr 2024	101 Days
18 School Terrace, Trowse, Norwich, Norfolk, NR14 8TJ	£325,000	£325,000	£00	04 Nov 2023	05 Apr 2024	153 Days
11 Church Road, Swainsthorpe, Norwich, Norfolk, NR14 8PH	£450,000	£445,000	-£5,000	12 Jan 2024	22 Mar 2024	70 Days
1a, Kittens Lane, Loddon, Norwich, Norfolk, NR14 6JU	£550,000	£530,000	-£20,000	24 Nov 2023	21 Mar 2024	118 Days
Vale Barn, Vale Road, Thurton, Norwich, Norfolk, NR14 6AP	£700,000	£685,000	-£15,000	21 Sep 2023	08 Mar 2024	169 Days
45 Long Lane, Mulbarton, Norwich, Norfolk, NR14 8AW	£450,000	£425,000	-£25,000	14 Aug 2023	29 Feb 2024	199 Days
9 Partridge Drive, Mulbarton, Norwich, Norfolk, NR14 8RL	£200,000	£182,000	-£18,000	17 Oct 2023	19 Feb 2024	125 Days
Cherry Lea, Rectory Road, Haddiscoe, Norwich, Norfolk, NR14 6PG	£300,000	£290,000	-£10,000	25 Jul 2023	16 Feb 2024	206 Days
13 Poringland Road, Stoke Holy Cross, Norwich, Norfolk, NR14 8NL	£450,000	£435,000	-£15,000	15 Sep 2023	09 Feb 2024	147 Days
32 Long Road, Framingham Earl, Norwich, Norfolk, NR14 7RY	£360,000	£360,000	£00	17 Oct 2023	09 Feb 2024	115 Days
4 Clay Court, Loddon, Norwich, Norfolk, NR14 6ES	£270,000	£270,000	£00	07 Sep 2023	29 Jan 2024	144 Days
1 Millside, Hales, Norwich, Norfolk, NR14 6SW	£300,000	£273,000	-£27,000	25 May 2023	26 Jan 2024	246 Days
62 Cannell Road, Loddon, Norwich, Norfolk, NR14 6DW	£200,000	£190,000	-£10,000	24 Aug 2023	23 Jan 2024	152 Days
Hole Haven, Low Road, Thurlton, Norwich, Norfolk, NR14 6PZ	£425,000	£425,000	£00	29 Jun 2023	19 Jan 2024	204 Days
5 Oaklands, Framingham Earl, Norwich, Norfolk, NR14 7QS	£300,000	£300,000	£00	16 Oct 2023	12 Jan 2024	88 Days

Most Expensive Streets in NR14 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR14 6BG	Norwich Road, Chedgrave	Norwich	£831,250	4
NR14 7FT	The Court, Yelverton	Norwich	£762,500	4
NR14 8LD	Intwood Lane, East Carleton	Norwich	£741,666	3
NR14 8TG	Whitehorse Lane, Trowse	Norwich	£716,666	3
NR14 8AG	Rectory Lane, Mulbarton	Norwich	£700,000	3
NR14 8YE	Nursery Close, Bracon Ash	Norwich	£651,506	5
NR14 7PN	Gull Lane, Framingham Earl	Norwich	£640,000	3
NR14 8EB	The Common, Swardeston	Norwich	£636,200	5
NR14 8GR	Wensum Road, Stoke Holy Cross	Norwich	£608,068	7
NR14 7DW	The Street, Bramerton	Norwich	£603,055	9

Least Expensive Streets in NR14 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR14 6DN	Halfpenny Court, Loddon	Norwich	£125,333	3
NR14 6EZ	Bridge Street, Loddon	Norwich	£126,200	5
NR14 6FJ	Heckingham Park, Hales	Norwich	£149,933	15
NR14 6FG	Trinity Square, Loddon	Norwich	£161,500	5
NR14 7GS	Taylors Square, Poringland	Norwich	£161,944	9
NR14 6LD	Hobart Road, Loddon	Norwich	£165,166	3
NR14 6RR	The Street, Norton Subcourse	Norwich	£167,500	6
NR14 6UZ	Beck Way, Loddon	Norwich	£171,600	5
NR14 7WR	Britannia Court, Trafalgar Square	Norwich	£178,687	8
NR14 8LU	Webster Close, Stoke Holy Cross	Norwich	£185,900	5