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House Prices in NR15

The average house price in NR15 (Norwich) is £272,833 using HM Land Registry data.

The average property price increased by £96,035 (31.77%) over the last 5 years and increased by £19,199 (4.61%) over the last 12 months.

Over the last year, there were 164 residential property sales – a decrease of 78 transactions (-47.56%) relative to the previous year. The majority of house sales (55) were in the £200,000 - £284,000 range. Then came properties in the £284,000 - £368,000 range, where 44 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,647 (-1%).

In June 2024, there were 38 new estate agency instructions, 26 agreed home sales and 34 property price reductions.

5-Year Average Property Prices in NR15 (Norwich)

31.77%

Property prices in 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 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.

Property Market Heat Gauge for NR15 (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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
31 Burgess Way, Brooke, Norwich, Norfolk, NR15 1JY	£325,000	£300,000	-£25,000	21 Feb 2023	01 May 2024	435 Days
80 Alan Avenue, Newton Flotman, Norwich, Norfolk, NR15 1RF	£210,000	£210,000	£00	20 Oct 2023	05 Apr 2024	168 Days
2 School Road, Newton Flotman, Norwich, Norfolk, NR15 1PR	£170,000	£166,000	-£4,000	12 Dec 2023	25 Mar 2024	104 Days
Careks Lodge, The Street, Shotesham All Saints, Norwich, Norfolk, NR15 1YW	£650,000	£623,000	-£27,000	11 Sep 2023	15 Mar 2024	186 Days
59 Suffield Close, Long Stratton, Norwich, Norfolk, NR15 2JL	£190,000	£186,500	-£3,500	06 Dec 2023	29 Feb 2024	85 Days
23 Field Acre Way, Long Stratton, Norwich, Norfolk, NR15 2WE	£280,000	£277,000	-£3,000	10 Oct 2023	16 Feb 2024	129 Days
5 Joy Avenue, Newton Flotman, Norwich, Norfolk, NR15 1RD	£290,000	£285,000	-£5,000	14 Aug 2023	26 Jan 2024	165 Days
12 Thwaites Oak Close, Tivetshall St Margaret, Norwich, Norfolk, NR15 2AW	£285,000	£272,500	-£12,500	22 Jul 2023	25 Jan 2024	187 Days
Gable End, Church Hill, Saxlingham Nethergate, Norwich, Norfolk, NR15 1TD	£325,000	£325,000	£00	28 Jul 2023	19 Jan 2024	175 Days
Wacton Hall Barn, Sallow Lane, Wacton, Norwich, Norfolk, NR15 2UL	£900,000	£893,000	-£7,000	17 Aug 2023	04 Jan 2024	140 Days
Moulton Gatehouse, High Green, Great Moulton, Norwich, Norfolk, NR15 2HU	£225,000	£205,000	-£20,000	09 Jan 2023	15 Dec 2023	340 Days
8 Riches Close, Tasburgh, Norwich, Norfolk, NR15 1NX	£300,000	£300,000	£00	14 Apr 2023	15 Dec 2023	245 Days
70 High Green, Brooke, Norwich, Norfolk, NR15 1JD	£550,000	£437,000	-£113,000	06 May 2022	11 Dec 2023	584 Days
10 Wheatfield Way, Long Stratton, Norwich, Norfolk, NR15 2WG	£325,000	£325,000	£00	23 Aug 2023	08 Dec 2023	107 Days
2 Swan Lane, Long Stratton, Norwich, Norfolk, NR15 2XN	£240,000	£225,000	-£15,000	26 Jan 2022	28 Nov 2023	671 Days
4 Hastings Close, Tasburgh, Norwich, Norfolk, NR15 1NY	£250,000	£250,000	£00	29 Jun 2023	24 Nov 2023	148 Days
Mandhari, The Street, Flordon, Norwich, Norfolk, NR15 1RN	£500,000	£490,000	-£10,000	26 Jun 2023	17 Nov 2023	144 Days
1 Willow Close, Tasburgh, Norwich, Norfolk, NR15 1NE	£325,000	£320,000	-£5,000	13 Apr 2023	15 Nov 2023	216 Days
Willows Cottage, Pottergate Street, Aslacton, Norwich, Norfolk, NR15 2JU	£425,000	£410,000	-£15,000	18 Jul 2023	14 Nov 2023	119 Days
9 Moulton Road, Tivetshall St Margaret, Norwich, Norfolk, NR15 2AJ	£375,000	£355,000	-£20,000	08 Nov 2022	13 Nov 2023	370 Days

Most Expensive Streets in NR15 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR15 1AP	The Street, Shotesham All Saints	Norwich	£738,666	3
NR15 1PN	Ipswich Road, Newton Flotman	Norwich	£695,833	3
NR15 1AW	Watermill Rise, Tasburgh	Norwich	£677,987	4
NR15 1PB	Pitts Hill, Saxlingham Nethergate	Norwich	£668,380	7
NR15 2LD	St Michaels Green, Great Moulton	Norwich	£666,666	3
NR15 1JT	The Street, Brooke	Norwich	£648,333	3
NR15 1JW	The Street, Brooke	Norwich	£613,221	7
NR15 1NB	Church Hill, Tasburgh	Norwich	£600,250	4
NR15 1BP	Church Road, Bergh Apton	Norwich	£591,666	3
NR15 2PY	Norwich Road, Long Stratton	Norwich	£575,000	3

Least Expensive Streets in NR15 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR15 2WR	Petersfield Close, Long Stratton	Norwich	£164,750	4
NR15 2PP	St Davids Close, Long Stratton	Norwich	£168,444	9
NR15 2SY	St Leger, Long Stratton	Norwich	£175,000	7
NR15 1PT	Blundeville Manor, Newton Flotman	Norwich	£176,500	7
NR15 1NF	Woodland Rise, Tasburgh	Norwich	£179,500	4
NR15 1PF	Olive Avenue, Newton Flotman	Norwich	£182,500	3
NR15 2JL	Suffield Close, Long Stratton	Norwich	£187,100	10
NR15 2JQ	St Nicholas Close, Long Stratton	Norwich	£190,000	4
NR15 2SX	Spinney Close, Long Stratton	Norwich	£192,083	6
NR15 2PJ	St Michaels Road, Long Stratton	Norwich	£192,402	16