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House Prices in NR24

The average house price in NR24 (Melton Constable) is £424,166 using HM Land Registry data.

The average property price increased by £144,616 (27.17%) over the last 5 years and increased by £28,910 (4.07%) over the last 12 months.

Over the last year, there were 40 residential property sales – a decrease of 35 transactions (-87.50%) relative to the previous year. The majority of house sales (13) were in the £150,000 - £254,000 range. Then came properties in the £254,000 - £358,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 161 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-2,937 (-1%).

In June 2024, there were 14 new estate agency instructions, 4 agreed home sales and 12 property price reductions.

5-Year Average Property Prices in NR24 (Melton Constable)

27.17%

Property prices in Melton Constable increased by 27.17% 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 NR24 (Melton Constable) Over the Last Year

4.07%

Property prices in Melton Constable increased by 4.07% 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 NR24 (Melton Constable) - 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 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 NR24 (Melton Constable)

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 NR24 (Melton Constable)

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 NR24 (Melton Constable)

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 NR24 (Melton Constable) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR24 postcode area since 1995.

Recent Sales in NR24 (Melton Constable)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 Bure Road, Briston, Melton Constable, Norfolk, NR24 2JS	£230,000	£225,000	-£5,000	11 Sep 2023	23 Feb 2024	165 Days
140 Hall Street, Briston, Melton Constable, Norfolk, NR24 2LQ	£290,000	£285,000	-£5,000	31 Aug 2023	23 Feb 2024	176 Days
26 Edgefield Road, Briston, Melton Constable, Norfolk, NR24 2HU	£180,000	£165,000	-£15,000	14 Aug 2023	12 Feb 2024	182 Days
Copper Beeches, The Street, Sharrington, Melton Constable, Norfolk, NR24 2AB	£400,000	£380,000	-£20,000	11 Oct 2023	31 Jan 2024	112 Days
26 Burgh Beck Road, Melton Constable, Norfolk, NR24 2DQ	£225,000	£196,000	-£29,000	07 Jun 2023	23 Jan 2024	230 Days
27a, Mill Lane, Briston, Melton Constable, Norfolk, NR24 2JG	£500,000	£480,000	-£20,000	12 Sep 2023	20 Dec 2023	99 Days
Belmont House, Sands Loke, Edgefield, Melton Constable, Norfolk, NR24 2RQ	£665,000	£665,000	£00	05 May 2023	22 Nov 2023	201 Days
The Pightles, Rectory Road, Edgefield, Melton Constable, Norfolk, NR24 2RJ	£1,250,000	£1,200,000	-£50,000	27 Apr 2023	25 Oct 2023	181 Days
63 Fakenham Road, Briston, Melton Constable, Norfolk, NR24 2HL	£220,000	£220,000	£00	14 Jul 2023	24 Oct 2023	102 Days
65 Fakenham Road, Briston, Melton Constable, Norfolk, NR24 2HL	£230,000	£225,000	-£5,000	26 Apr 2023	25 Aug 2023	121 Days
4 Baldwins Close, Briston, Melton Constable, Norfolk, NR24 2JU	£259,500	£255,000	-£4,500	16 May 2023	28 Jul 2023	73 Days
5 Long Yard, Briston, Melton Constable, Norfolk, NR24 2LB	£220,000	£187,000	-£33,000	13 Apr 2023	24 Jul 2023	102 Days
Eastfields, The Street, Sharrington, Melton Constable, Norfolk, NR24 2AB	£550,000	£543,500	-£6,500	11 Apr 2023	20 Jul 2023	100 Days
11 Garden Close, Briston, Melton Constable, Norfolk, NR24 2SF	£450,000	£435,000	-£15,000	01 Nov 2022	30 Jun 2023	241 Days
8 Grove Road, Melton Constable, Norfolk, NR24 2DE	£180,000	£178,000	-£2,000	13 Jan 2023	28 Apr 2023	105 Days
15 Kitchener Road, Melton Constable, Norfolk, NR24 2BN	£130,000	£130,000	£00	28 Nov 2022	19 Apr 2023	142 Days
21 Hewitts Close, Briston, Melton Constable, Norfolk, NR24 2ND	£200,000	£200,000	£00	02 Nov 2022	03 Mar 2023	121 Days
19 Rectory Road, Edgefield, Melton Constable, Norfolk, NR24 2RJ	£350,000	£345,000	-£5,000	12 Oct 2022	03 Mar 2023	142 Days
21 Melton Street, Melton Constable, Norfolk, NR24 2DB	£240,000	£232,500	-£7,500	23 Aug 2022	02 Mar 2023	191 Days
1 Old Post Road, Briston, Melton Constable, Norfolk, NR24 2NB	£250,000	£237,500	-£12,500	26 Aug 2022	27 Jan 2023	154 Days

Most Expensive Streets in NR24 (Melton Constable)

Postcode	Street	Area	Average	No. of Sales
NR24 2RJ	Rectory Road, Edgefield	Melton Constable	£620,000	7
NR24 2AB	The Street, Sharrington	Melton Constable	£541,871	10
NR24 2RR	Holt Road, Edgefield	Melton Constable	£493,500	3
NR24 2NS	Swanton Road, Gunthorpe	Melton Constable	£488,125	4
NR24 2AX	Ramsgate Street, Edgefield	Melton Constable	£460,000	4
NR24 2AL	The Green, Edgefield	Melton Constable	£455,900	5
NR24 2JF	Mill Road, Briston	Melton Constable	£446,250	4
NR24 2LS	Craymere Road, Briston	Melton Constable	£442,333	3
NR24 2NG	The Dairy Farm, Melton Park	Melton Constable	£438,333	3
NR24 2JG	Mill Lane, Briston	Melton Constable	£430,000	3

Least Expensive Streets in NR24 (Melton Constable)

Postcode	Street	Area	Average	No. of Sales
NR24 2LT	Hastings Court, Briston	Melton Constable	£106,000	3
NR24 2BS	Astley Terrace	Melton Constable	£134,214	7
NR24 2PP	Bakery Close, Briston	Melton Constable	£155,750	4
NR24 2DD	Colville Road	Melton Constable	£156,125	4
NR24 2BN	Kitchener Road	Melton Constable	£158,625	4
NR24 2JW	Brambles Farm Cottages, Thurning Road	Melton Constable	£165,625	4
NR24 2DF	Briston Road	Melton Constable	£168,220	5
NR24 2ND	Hewitts Close, Briston	Melton Constable	£178,062	4
NR24 2BW	Gordon Road	Melton Constable	£180,750	4
NR24 2HL	Fakenham Road, Briston	Melton Constable	£186,214	7