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House Prices in NR20

The average house price in NR20 (Dereham) is £402,600 using HM Land Registry data.

The average property price increased by £48,390 (40.01%) over the last 5 years and increased by £9,695 (5.52%) over the last 12 months.

Over the last year, there were 175 residential property sales – a decrease of 127 transactions (-72.57%) relative to the previous year. The majority of house sales (46) were in the £210,000 - £266,000 range. Then came properties in the £266,000 - £322,000 range, where 42 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,409 (-3%).

In Oct 24, there were 63 new estate agency instructions, 51 agreed home sales and 51 property price reductions.

5-Year Average Property Prices in NR20 (Dereham)

40.01%

Property prices in Dereham increased by 40.01% 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 NR20 (Dereham) Over the Last Year

5.52%

Property prices in Dereham increased by 5.52% 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 NR20 (Dereham) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 NR20 (Dereham)

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 NR20 (Dereham)

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 NR20 (Dereham)

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 NR20 (Dereham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR20 postcode area since 1995.

Recent Sales in NR20 (Dereham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
81 Dereham Road, Mattishall, Dereham, Norfolk, NR20 3NU	£280,000	£280,000	£00	29 Dec 2023	09 Aug 2024	224 Days
12 Lime Tree Close, Mattishall, Dereham, Norfolk, NR20 3PP	£260,000	£255,000	-£5,000	26 Feb 2024	02 Aug 2024	158 Days
16 Highfield Close, Foulsham, Dereham, Norfolk, NR20 5SW	£300,000	£297,500	-£2,500	12 Dec 2023	26 Jul 2024	227 Days
7 Rosa Vella Drive, Dereham, Norfolk, NR20 3SB	£325,000	£320,000	-£5,000	09 Apr 2024	24 Jul 2024	106 Days
11 Gogle Close, Mattishall, Dereham, Norfolk, NR20 3SY	£280,000	£241,000	-£39,000	25 Dec 2023	19 Jul 2024	207 Days
18 Holt Road, North Elmham, Dereham, Norfolk, NR20 5JB	£200,000	£195,000	-£5,000	24 Apr 2024	12 Jul 2024	79 Days
71 Greenfields Road, Dereham, Norfolk, NR20 3TE	£450,000	£440,000	-£10,000	23 Mar 2024	08 Jul 2024	107 Days
29 Elmham Road, Beetley, Dereham, Norfolk, NR20 4BW	£475,000	£460,000	-£15,000	01 Feb 2024	04 Jul 2024	154 Days
12b, Swan Drive, Gressenhall, Dereham, Norfolk, NR20 4SW	£325,000	£320,000	-£5,000	11 Apr 2024	17 Jun 2024	67 Days
Yertis, Church Road, Beetley, Dereham, Norfolk, NR20 4AB	£400,000	£375,000	-£25,000	08 Feb 2024	17 Jun 2024	130 Days
54 Norwich Road, Dereham, Norfolk, NR20 3AR	£220,000	£215,000	-£5,000	07 Nov 2023	14 Jun 2024	220 Days
13 Crown Road, Dereham, Norfolk, NR20 4AE	£250,000	£250,000	£00	16 Jan 2024	07 Jun 2024	143 Days
30 Park Road, Gressenhall, Dereham, Norfolk, NR20 4LP	£275,000	£268,000	-£7,000	09 Feb 2024	07 Jun 2024	119 Days
24 Halls Drive, Gressenhall, Dereham, Norfolk, NR20 4EJ	£200,000	£175,000	-£25,000	05 Feb 2024	31 May 2024	116 Days
11 Cedar Close, North Elmham, Dereham, Norfolk, NR20 5JN	£280,000	£278,500	-£1,500	06 Jan 2024	14 May 2024	129 Days
23 Oakland Drive, Beetley, Dereham, Norfolk, NR20 4EY	£260,000	£257,000	-£3,000	23 Oct 2023	12 Apr 2024	172 Days
26 Eastgate Street, North Elmham, Dereham, Norfolk, NR20 5HD	£575,000	£550,000	-£25,000	27 Sep 2023	02 Apr 2024	188 Days
Beechcroft, Church Road, Welborne, Dereham, Norfolk, NR20 3LH	£350,000	£305,000	-£45,000	04 Sep 2023	27 Mar 2024	205 Days
56a, The Street, Hindolveston, Dereham, Norfolk, NR20 5DF	£425,000	£425,000	£00	25 Jan 2024	15 Mar 2024	50 Days
11a, Windmill Avenue, Dereham, Norfolk, NR20 3BE	£300,000	£270,000	-£30,000	11 Sep 2023	15 Mar 2024	186 Days

Most Expensive Streets in NR20 (Dereham)

Postcode	Street	Area	Average	No. of Sales
NR20 3GX	Windfields, East Tuddenham	Dereham	£1,022,500	4
NR20 3PD	Dereham Road, Mattishall	Dereham	£773,333	3
NR20 5DD	The Street, Hindolveston	Dereham	£733,750	6
NR20 3JN	Albatross Road, Hockering	Dereham	£704,285	7
NR20 3SR	The Beeches, Mattishall	Dereham	£661,666	3
NR20 3EZ	Rookery Farm Barns, Elsing Lane	Dereham	£658,333	3
NR20 5AA	Church Street, Brisley	Dereham	£636,666	3
NR20 3AL	Norwich Road	Dereham	£629,000	5
NR20 4FG	Panhard Drive, Gressenhall	Dereham	£570,666	6
NR20 5HQ	Hay Meadow, North Elmham	Dereham	£566,000	3

Least Expensive Streets in NR20 (Dereham)

Postcode	Street	Area	Average	No. of Sales
NR20 3FD	Pavilion Way	Dereham	£93,000	4
NR20 3FG	Old School Green, Mattishall	Dereham	£133,708	3
NR20 3NQ	Rayners Way, Mattishall	Dereham	£146,800	5
NR20 3FN	Elm Street	Dereham	£161,900	5
NR20 3HU	Manor Close, Hockering	Dereham	£169,056	6
NR20 4AN	Cecil Road	Dereham	£178,250	4
NR20 3AQ	Nursery Buildings, Norwich Road	Dereham	£178,700	5
NR20 4PH	Ward Crescent, Swanton Morley	Dereham	£184,333	3
NR20 3SZ	Farrow Close, Mattishall	Dereham	£184,833	3
NR20 3TS	The Oaks, Mattishall	Dereham	£186,250	4