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House Prices in NR35

The average house price in NR35 (Bungay) is £248,833 using HM Land Registry data.

The average property price increased by £108,139 (18.37%) over the last 5 years and increased by £21,668 (2.92%) over the last 12 months.

Over the last year, there were 103 residential property sales – a decrease of 53 transactions (-51.46%) relative to the previous year. The majority of house sales (27) were in the £242,000 - £304,000 range. Then came properties in the £180,000 - £242,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,029 (-3%).

In Oct 24, there were 27 new estate agency instructions, 25 agreed home sales and 26 property price reductions.

5-Year Average Property Prices in NR35 (Bungay)

18.37%

Property prices in Bungay increased by 18.37% 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 NR35 (Bungay) Over the Last Year

2.92%

Property prices in Bungay increased by 2.92% 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 NR35 (Bungay) - 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 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 NR35 (Bungay)

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 NR35 (Bungay)

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 NR35 (Bungay)

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 NR35 (Bungay) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR35 postcode area since 1995.

Recent Sales in NR35 (Bungay)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Eugana, Church Road, Flixton, Bungay, Suffolk, NR35 1NU	£395,000	£395,000	£00	25 Oct 2023	13 Aug 2024	293 Days
10 Sun Road, Broome, Bungay, Norfolk, NR35 2RW	£325,000	£320,000	-£5,000	13 Oct 2023	06 Aug 2024	298 Days
36 Sun Road, Broome, Bungay, Norfolk, NR35 2RW	£650,000	£650,000	£00	17 Apr 2024	06 Aug 2024	111 Days
21 Elms Close, Earsham, Bungay, Norfolk, NR35 2TD	£270,000	£270,000	£00	06 Nov 2023	12 Jun 2024	219 Days
24 Hillside Road East, Bungay, Suffolk, NR35 1JZ	£280,000	£270,000	-£10,000	13 Jan 2024	20 May 2024	128 Days
37 Beccles Road, Bungay, Suffolk, NR35 1HT	£400,000	£390,000	-£10,000	09 Feb 2024	10 May 2024	91 Days
12 Sun Road, Broome, Bungay, Norfolk, NR35 2RW	£325,000	£325,000	£00	09 Jan 2024	10 May 2024	122 Days
2 Yarmouth Road, Kirby Cane, Bungay, Norfolk, NR35 2HQ	£431,000	£380,000	-£51,000	11 Jul 2023	07 May 2024	301 Days
12 Lockhart Road, Ellingham, Bungay, Norfolk, NR35 2HB	£225,000	£210,000	-£15,000	23 Oct 2023	26 Apr 2024	186 Days
35 Southend Road, Bungay, Suffolk, NR35 1DN	£230,000	£223,000	-£7,000	14 Nov 2023	19 Apr 2024	157 Days
4 Princes Road, Bungay, Suffolk, NR35 1RS	£230,000	£230,000	£00	11 Mar 2023	19 Apr 2024	405 Days
1 Norwich Road, Ditchingham, Bungay, Norfolk, NR35 2JJ	£300,000	£247,500	-£52,500	04 Oct 2023	10 Apr 2024	189 Days
22 Garden Close, Bungay, Suffolk, NR35 1JD	£225,000	£225,000	£00	25 Oct 2023	15 Mar 2024	142 Days
71 Mountbatten Road, Bungay, Suffolk, NR35 1PP	£180,000	£170,000	-£10,000	31 Oct 2023	14 Mar 2024	135 Days
39 Loddon Road, Ditchingham, Bungay, Norfolk, NR35 2RA	£270,000	£270,000	£00	25 Jan 2024	13 Mar 2024	48 Days
40 Norwich Road, Ditchingham, Bungay, Norfolk, NR35 2JL	£350,000	£335,000	-£15,000	28 Jul 2023	13 Mar 2024	229 Days
60 Waveney Road, Bungay, Suffolk, NR35 1LJ	£220,000	£213,500	-£6,500	17 Mar 2023	04 Mar 2024	353 Days
10 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ	£230,000	£207,000	-£23,000	27 Jan 2023	29 Feb 2024	398 Days
15 Fairfield Road, Bungay, Suffolk, NR35 1RY	£285,000	£271,000	-£14,000	11 Dec 2023	26 Feb 2024	77 Days
29 Wherry Road, Bungay, Suffolk, NR35 1LG	£275,000	£265,000	-£10,000	12 Oct 2023	26 Feb 2024	137 Days

Most Expensive Streets in NR35 (Bungay)

Postcode	Street	Area	Average	No. of Sales
NR35 2PE	Yarmouth Road, Broome	Bungay	£543,666	15
NR35 1JB	Beccles Road	Bungay	£459,983	3
NR35 1HT	Beccles Road	Bungay	£455,000	4
NR35 2BL	Topcroft Street, Topcroft	Bungay	£431,875	8
NR35 2RW	Sun Road, Broome	Bungay	£431,875	8
NR35 2PA	Yarmouth Road, Broome	Bungay	£416,666	3
NR35 2RQ	Tunneys Lane, Ditchingham	Bungay	£414,833	3
NR35 1HQ	Flixton Road	Bungay	£414,166	3
NR35 2TF	School Road, Earsham	Bungay	£410,500	5
NR35 2EG	The Old Messuage, Church Lane	Bungay	£408,666	3

Least Expensive Streets in NR35 (Bungay)

Postcode	Street	Area	Average	No. of Sales
NR35 1DB	Ingleton House, Priory Lane	Bungay	£127,831	3
NR35 1EJ	The Maltings	Bungay	£151,785	7
NR35 1HN	Reeves Close	Bungay	£170,291	6
NR35 1EF	Broad Street	Bungay	£176,200	5
NR35 2SF	Wild Flower Way, Ditchingham	Bungay	£177,250	6
NR35 1LH	Waveney Road	Bungay	£183,300	10
NR35 1JE	Garden Close	Bungay	£183,531	8
NR35 2TX	Church Path, Earsham	Bungay	£187,666	3
NR35 2QQ	Clark Road, Ditchingham	Bungay	£188,707	7
NR35 1JD	Garden Close	Bungay	£195,400	5