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House Prices in NR16

The average house price in NR16 (Norwich) is £393,750 using HM Land Registry data.

The average property price increased by £100,391 (31.29%) over the last 5 years and increased by £20,115 (4.56%) over the last 12 months.

Over the last year, there were 104 residential property sales – a decrease of 38 transactions (-36.54%) relative to the previous year. The majority of house sales (30) were in the £210,000 - £296,000 range. Then came properties in the £296,000 - £382,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 105 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,666 (-2%).

In Oct 24, there were 43 new estate agency instructions, 36 agreed home sales and 24 property price reductions.

5-Year Average Property Prices in NR16 (Norwich)

31.29%

Property prices in Norwich increased by 31.29% 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 NR16 (Norwich) Over the Last Year

4.56%

Property prices in Norwich increased by 4.56% 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 NR16 (Norwich) - Oct 24

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 NR16 (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 NR16 (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 NR16 (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 NR16 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR16 postcode area since 1995.

Recent Sales in NR16 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Marshalls, West Church Street, Kenninghall, Norwich, Norfolk, NR16 2EN	£450,000	£442,000	-£8,000	10 Apr 2024	13 Aug 2024	125 Days
9 The Street, Bridgham, Norwich, Norfolk, NR16 2SA	£300,000	£290,000	-£10,000	26 Feb 2024	16 Jul 2024	141 Days
20 Kenninghall Road, East Harling, Norwich, Norfolk, NR16 2QD	£600,000	£550,000	-£50,000	23 Aug 2022	25 Jun 2024	672 Days
40 Bunwell Street, Bunwell, Norwich, Norfolk, NR16 1NA	£535,000	£525,000	-£10,000	16 Oct 2023	17 Jun 2024	245 Days
Ollys Cottage, East Church Street, Kenninghall, Norwich, Norfolk, NR16 2EP	£280,000	£280,000	£00	05 Dec 2023	15 May 2024	162 Days
Oak House, Wymondham Road, Wreningham, Norwich, Norfolk, NR16 1AT	£750,000	£725,000	-£25,000	02 Mar 2023	09 Apr 2024	404 Days
15 Hamblings Piece, East Harling, Norwich, Norfolk, NR16 2PZ	£400,000	£381,500	-£18,500	04 Oct 2023	03 Apr 2024	182 Days
27 Jubilee Avenue, East Harling, Norwich, Norfolk, NR16 2QF	£250,000	£243,000	-£7,000	09 Sep 2023	28 Mar 2024	201 Days
4 Dovedale Road, Tacolneston, Norwich, Norfolk, NR16 1BS	£240,000	£230,000	-£10,000	11 Dec 2023	25 Mar 2024	105 Days
Langmoor, Low Road, Forncett St Mary, Norwich, Norfolk, NR16 1JN	£650,000	£600,000	-£50,000	11 Oct 2023	22 Mar 2024	163 Days
5 Old Hall Close, Ashwellthorpe, Norwich, Norfolk, NR16 1EY	£375,000	£375,000	£00	04 Dec 2023	22 Mar 2024	109 Days
6 Dovedale Road, Tacolneston, Norwich, Norfolk, NR16 1BS	£260,000	£250,000	-£10,000	01 Nov 2023	23 Feb 2024	114 Days
5 Norwich Road, Tacolneston, Norwich, Norfolk, NR16 1DJ	£400,000	£390,000	-£10,000	17 Jul 2023	16 Feb 2024	214 Days
126 Norwich Road, Tacolneston, Norwich, Norfolk, NR16 1AL	£260,000	£260,000	£00	31 Oct 2023	14 Feb 2024	106 Days
8 Hamblings Piece, East Harling, Norwich, Norfolk, NR16 2PZ	£290,000	£280,000	-£10,000	13 Apr 2023	26 Jan 2024	288 Days
38 Millside, Wreningham, Norwich, Norfolk, NR16 1AQ	£200,000	£175,000	-£25,000	08 Sep 2023	26 Jan 2024	140 Days
2 Kemps Barns, East Harling, Norwich, Norfolk, NR16 2TS	£165,000	£165,000	£00	13 Sep 2023	19 Jan 2024	128 Days
Chagford, The Butts, Kenninghall, Norwich, Norfolk, NR16 2EQ	£370,000	£370,000	£00	13 Jul 2023	17 Jan 2024	188 Days
26 Garlondes, East Harling, Norwich, Norfolk, NR16 2NR	£216,500	£215,000	-£1,500	18 Sep 2023	11 Jan 2024	115 Days
Turnpike House, The Turnpike, Carleton Rode, Norwich, Norfolk, NR16 1NL	£800,000	£750,000	-£50,000	25 Aug 2023	04 Jan 2024	132 Days

Most Expensive Streets in NR16 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR16 1AT	Wymondham Road, Wreningham	Norwich	£779,285	7
NR16 1SY	Low Common, Bunwell	Norwich	£717,000	4
NR16 1JD	Wacton Road, Forncett St Peter	Norwich	£670,833	3
NR16 1NJ	Upgate Street, Carleton Rode	Norwich	£665,400	5
NR16 2GG	Burlingham Road, East Harling	Norwich	£640,000	4
NR16 2TF	Taylor Drift, East Harling	Norwich	£620,833	3
NR16 1HG	New Road, Fundenhall	Norwich	£614,611	6
NR16 1BA	Church Road, Wreningham	Norwich	£604,583	6
NR16 2JE	Eccles Road, East Harling	Norwich	£580,000	4
NR16 2FF	Hawthorn Drive, East Harling	Norwich	£576,612	5

Least Expensive Streets in NR16 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR16 2NR	Garlondes, East Harling	Norwich	£168,697	11
NR16 2QR	Dolphin Terrace	Norwich	£182,000	3
NR16 1DA	Cheneys Lane, Tacolneston	Norwich	£198,333	3
NR16 1SX	Bridge Road, Bunwell	Norwich	£199,400	5
NR16 2NN	Garlondes, East Harling	Norwich	£217,357	7
NR16 2QF	Jubilee Avenue, East Harling	Norwich	£239,333	3
NR16 1QZ	Greenways, Bunwell	Norwich	£240,250	3
NR16 1BS	Dovedale Road, Tacolneston	Norwich	£242,750	6
NR16 2QB	Kerridges, East Harling	Norwich	£244,142	7
NR16 2EY	Crown Way, Banham	Norwich	£251,166	6