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House Prices in NR2 House Prices in NR2 (Norwich)

The average house price in NR2 (Norwich) is £311,287 using HM Land Registry data.

The average property price increased by £75,634 (16.28%) over the last 5 years and increased by £15,154 (2.63%) over the last 12 months.

Over the last year, there were 315 residential property sales – a decrease of 108 transactions (-34.29%) relative to the previous year. The majority of house sales (94) were in the £236,000 - £322,000 range. Then came properties in the £150,000 - £236,000 range, where 85 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,529 (-1%).

In Oct 24, there were 82 new estate agency instructions, 56 agreed home sales and 59 property price reductions.

Nearby Postcodes: IP18, IP19, IP20, IP21, IP22, IP24, IP25, NR1, NR10, NR11, NR12, NR13, NR14, NR15, NR16, NR17, NR18, NR19, NR20, NR21, NR22, NR23, NR24, NR25, NR26, NR27, NR28, NR29, NR3, NR30, NR31, NR32, NR33, NR34, NR35, NR4, NR5, NR6, NR7, NR8, NR9, PE31, PE32, PE37

5-Year Average Property Prices in NR2 (Norwich)

16.28%

Property prices in Norwich increased by 16.28% 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 NR2 (Norwich) Over the Last Year

2.63%

Property prices in Norwich increased by 2.63% 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 NR2 (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 NR2 (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 NR2 (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 NR2 (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 NR2 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR2 postcode area since 1995.

Recent Sales in NR2 (Norwich)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
87 Gloucester Street, Norwich, Norfolk, NR2 2DY£300,000£300,000£0009 Apr 202416 Aug 2024129 Days
61 Suffolk Square, Norwich, Norfolk, NR2 2BN£140,000£140,000£0022 Jun 202314 Aug 2024419 Days
67 Portland Street, Norwich, Norfolk, NR2 3LE£250,000£250,000£0025 Apr 202408 Aug 2024105 Days
69 Hotblack Road, Norwich, Norfolk, NR2 4HQ£280,000£278,000-£2,00019 Feb 202407 Aug 2024170 Days
32 Bury Street, Norwich, Norfolk, NR2 2DN£280,000£263,700-£16,30023 Jan 202405 Aug 2024195 Days
44 Belvoir Street, Norwich, Norfolk, NR2 3AY£210,000£210,000£0026 Dec 202305 Aug 2024223 Days
60 Horsford Street, Norwich, Norfolk, NR2 4LW£130,000£127,500-£2,50026 Dec 202331 Jul 2024218 Days
66 Plantsman Close, Norwich, Norfolk, NR2 2NJ£300,000£297,500-£2,50016 Feb 202419 Jul 2024154 Days
41 Newmarket Road, Norwich, Norfolk, NR2 2HN£1,500,000£1,350,000-£150,00012 Dec 202312 Jul 2024213 Days
16 Earlham Road, Norwich, Norfolk, NR2 3DB£500,000£495,000-£5,00002 Nov 202305 Jul 2024246 Days
16 Avenue Road, Norwich, Norfolk, NR2 3HL£260,000£260,000£0029 Feb 202427 Jun 2024119 Days
101 Lincoln Street, Norwich, Norfolk, NR2 3JZ£220,000£210,000-£10,00009 Sep 202327 Jun 2024292 Days
58 Globe Place, Norwich, Norfolk, NR2 2SQ£125,000£123,000-£2,00020 Feb 202421 Jun 2024122 Days
34 Jessopp Road, Norwich, Norfolk, NR2 3JE£600,000£580,000-£20,00003 Oct 202321 Jun 2024262 Days
116 Whitehall Road, Norwich, Norfolk, NR2 3EW£400,000£395,000-£5,00004 Jan 202420 Jun 2024168 Days
4 Beaumont Place, Norwich, Norfolk, NR2 2HH£260,000£245,000-£15,00008 Feb 202419 Jun 2024132 Days
45 Langley Walk, Norwich, Norfolk, NR2 4NH£215,000£207,500-£7,50026 Dec 202319 Jun 2024176 Days
82 West Pottergate, Norwich, Norfolk, NR2 4BW£135,000£131,000-£4,00015 Dec 202314 Jun 2024182 Days
28 Denbigh Road, Norwich, Norfolk, NR2 3AA£210,000£200,000-£10,00029 Feb 202413 Jun 2024105 Days
334 Dereham Road, Norwich, Norfolk, NR2 4DL£230,000£212,250-£17,75027 Feb 202407 Jun 2024101 Days

Most Expensive Streets in NR2 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR2 2NBTown Close RoadNorwich£1,363,1254
NR2 2PHUnthank RoadNorwich£1,111,6663
NR2 2DGMount PleasantNorwich£1,083,3333
NR2 2AEChristchurch RoadNorwich£1,048,1258
NR2 2HNNewmarket RoadNorwich£959,3333
NR2 2DFAlbemarle RoadNorwich£822,8333
NR2 2AJUnthank RoadNorwich£815,6663
NR2 3DPMill Hill RoadNorwich£788,6258
NR2 2AHUnthank RoadNorwich£782,0294
NR2 2NGFairmile CloseNorwich£741,0003

Least Expensive Streets in NR2 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR2 3PEEarlham House, Earlham RoadNorwich£77,28514
NR2 2SLUnion StreetNorwich£82,9163
NR2 3HJDenbigh House, Denbigh RoadNorwich£90,3754
NR2 3PFEarlham House, Earlham RoadNorwich£101,13611
NR2 3PTBradbury House, Kinghorn RoadNorwich£115,2506
NR2 2TJWessex StreetNorwich£118,30010
NR2 4PUDerby StreetNorwich£120,3333
NR2 4PBJessica Court, Orchard Street, NorwichNorwich£120,3333
NR2 3UBGodric PlaceNorwich£121,6663
NR2 3UAGodric PlaceNorwich£126,3005

Explore NR2 (Norwich) using map

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