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House Prices in NR15 House Prices in NR15 (Norwich)

The average house price in NR15 (Norwich) is £356,125 using HM Land Registry data.

The average property price increased by £61,007 (31.77%) over the last 5 years and increased by £12,221 (4.61%) over the last 12 months.

Over the last year, there were 156 residential property sales – a decrease of 63 transactions (-40.38%) relative to the previous year. The majority of house sales (51) were in the £200,000 - £288,000 range. Then came properties in the £288,000 - £376,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 151 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,425 (-3%).

In January 2025, there were 39 new estate agency instructions, 20 agreed home sales and 25 property price reductions.

Nearby Postcodes: IP13, IP14, IP19, IP20, IP21, IP22, IP23, IP24, IP31, NR1, NR13, NR14, NR16, NR17, NR18, NR31, NR32, NR34, NR35, NR4, NR7, NR9

5-Year Average Property Prices in NR15 (Norwich)

31.77%

Property prices in NR15 (Norwich) increased by 31.77% 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 NR15 (Norwich) Over the Last Year

4.61%

Property prices in NR15 (Norwich) increased by 4.61% 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 NR15 (Norwich) - January 2025

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 NR15 (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 NR15 (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 NR15 (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 NR15 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR15 postcode area since 1995.

Recent Sales in NR15 (Norwich)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Nuttele Close, Hempnall, Norwich, Norfolk, NR15 2NA£240,000£240,000£007 Aug 202429 Nov 2024114 Days
86 Alan Avenue, Newton Flotman, Norwich, Norfolk, NR15 1RF£250,000£250,000£003 Jun 202428 Nov 2024178 Days
103 The Street, Brooke, Norwich, Norfolk, NR15 1JU£435,000£415,000-£20,00015 May 202421 Nov 2024190 Days
Holmfield, Flordon Road, Newton Flotman, Norwich, Norfolk, NR15 1QX£575,000£545,000-£30,00011 Jun 202419 Nov 2024161 Days
12 Owens Close, Long Stratton, Norwich, Norfolk, NR15 2TX£220,000£215,000-£5,00016 Aug 202418 Oct 202463 Days
1 Patrick Road, Long Stratton, Norwich, Norfolk, NR15 2PR£300,000£283,000-£17,00007 Jun 202410 Oct 2024125 Days
Wayside, The Street, Shotesham All Saints, Norwich, Norfolk, NR15 1YL£765,000£760,000-£5,00020 Jun 202330 Sep 2024468 Days
Milbank, Mill Road, Hempnall, Norwich, Norfolk, NR15 2LP£550,000£505,000-£45,00026 Dec 202330 Sep 2024279 Days
22 Chapel Avenue, Long Stratton, Norwich, Norfolk, NR15 2TE£259,950£255,000-£4,95019 Mar 202426 Sep 2024191 Days
6 Fairfield Close, Long Stratton, Norwich, Norfolk, NR15 2WT£300,000£300,000£021 Mar 202423 Sep 2024186 Days
15 Burgess Way, Brooke, Norwich, Norfolk, NR15 1JY£375,000£350,000-£25,00012 Jun 202419 Sep 202499 Days
26 Alan Avenue, Newton Flotman, Norwich, Norfolk, NR15 1PY£215,000£203,000-£12,00016 May 202419 Sep 2024126 Days
105 Alan Avenue, Newton Flotman, Norwich, Norfolk, NR15 1RF£200,000£200,000£003 Nov 202312 Aug 2024283 Days
6 Olive Avenue, Newton Flotman, Norwich, Norfolk, NR15 1PF£300,000£290,000-£10,00004 Apr 202407 Aug 2024125 Days
7 Flowerpot Lane, Long Stratton, Norwich, Norfolk, NR15 2TS£1,250,000£1,100,000-£150,00016 May 202402 Aug 202478 Days
The Gables, Old Street, Newton Flotman, Norwich, Norfolk, NR15 1PD£350,000£335,000-£15,00019 Mar 202401 Aug 2024135 Days
4 The Keys, Brooke, Norwich, Norfolk, NR15 1JJ£475,000£465,000-£10,00026 Dec 202308 Jul 2024195 Days
7 Hunstead Lane, Brooke, Norwich, Norfolk, NR15 1JP£325,000£280,000-£45,00021 Mar 202405 Jul 2024106 Days
5 Sewells Close, Newton Flotman, Norwich, Norfolk, NR15 1PX£300,000£289,000-£11,00022 Mar 202421 Jun 202491 Days
Sami, St Marys Close, Newton Flotman, Norwich, Norfolk, NR15 1AH£210,000£210,000£026 Feb 202424 May 202488 Days

Most Expensive Streets in NR15 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR15 1YPChapel Lane, Shotesham All SaintsNorwich£958,3333
NR15 1APThe Street, Shotesham All SaintsNorwich£732,7504
NR15 1PNIpswich Road, Newton FlotmanNorwich£695,8333
NR15 1AWWatermill Rise, TasburghNorwich£677,9874
NR15 2LDSt Michaels Green, Great MoultonNorwich£666,6663
NR15 2YGTharstonNorwich£661,6663
NR15 1PBPitts Hill, Saxlingham NethergateNorwich£631,3328
NR15 1JWThe Street, BrookeNorwich£613,2217
NR15 1BPChurch Road, Bergh AptonNorwich£591,6663
NR15 2PYNorwich Road, Long StrattonNorwich£575,0003

Least Expensive Streets in NR15 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR15 2WRPetersfield Close, Long StrattonNorwich£164,3333
NR15 2PPSt Davids Close, Long StrattonNorwich£180,1258
NR15 1PTBlundeville Manor, Newton FlotmanNorwich£182,5836
NR15 1NFWoodland Rise, TasburghNorwich£191,0005
NR15 2PJSt Michaels Road, Long StrattonNorwich£191,77716
NR15 2SXSpinney Close, Long StrattonNorwich£196,0717
NR15 2JLSuffield Close, Long StrattonNorwich£197,10714
NR15 2PNSt Andrews Close, Long StrattonNorwich£198,3333
NR15 2JQSt Nicholas Close, Long StrattonNorwich£202,0005
NR15 1UNOak Close, TasburghNorwich£203,6663

Explore NR15 (Norwich) using map

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