House Prices in NR35 House Prices in NR35 (Bungay)

The average house price in NR35 (Bungay) is £305,250 using HM Land Registry data.

The average property price increased by £109,214 (18.37%) over the last 5 years and increased by £21,833 (2.92%) over the last 12 months.

Over the last year, there were 121 residential property sales – a decrease of 19 transactions (-15.70%) relative to the previous year. The majority of house sales (33) were in the £190,000 - £258,000 range. Then came properties in the £258,000 - £326,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,029 (-3%).

In June 2024, there were 23 new estate agency instructions, 9 agreed home sales and 18 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.

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 NR35 (Bungay) - 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Norwich Road, Ditchingham, Bungay, Norfolk, NR35 2JJ£300,000£247,500-£52,50004 Oct 202310 Apr 2024189 Days
71 Mountbatten Road, Bungay, Suffolk, NR35 1PP£180,000£170,000-£10,00031 Oct 202314 Mar 2024135 Days
39 Loddon Road, Ditchingham, Bungay, Norfolk, NR35 2RA£270,000£270,000£0025 Jan 202413 Mar 202448 Days
15 Fairfield Road, Bungay, Suffolk, NR35 1RY£285,000£271,000-£14,00011 Dec 202326 Feb 202477 Days
43a, Broad Street, Bungay, Suffolk, NR35 1EF£138,000£138,000£0010 Oct 202321 Feb 2024134 Days
The Hollies, The Street, Woodton, Bungay, Norfolk, NR35 2LZ£500,000£477,500-£22,50009 Jul 202309 Feb 2024215 Days
1 Millers Close, Bungay, Suffolk, NR35 1HJ£275,000£258,000-£17,00007 May 202302 Feb 2024271 Days
46 Lockhart Road, Ellingham, Bungay, Norfolk, NR35 2HB£325,000£315,000-£10,00001 Sep 202326 Jan 2024147 Days
5 Millfield Close, Ditchingham, Bungay, Norfolk, NR35 2QJ£120,000£110,000-£10,00026 Sep 202323 Jan 2024119 Days
Cobblers Cottage, Free Lane, Ditchingham, Bungay, Norfolk, NR35 2DW£325,000£306,000-£19,00030 Sep 202319 Jan 2024111 Days
Bridge House, Yarmouth Road, Broome, Bungay, Norfolk, NR35 2NZ£895,000£870,000-£25,00018 Jul 202305 Jan 2024171 Days
6 The Green, Earsham, Bungay, Norfolk, NR35 2SX£235,000£205,000-£30,00020 May 202321 Dec 2023215 Days
44 Yarmouth Road, Broome, Bungay, Norfolk, NR35 2PE£695,000£680,000-£15,00001 Jul 202320 Dec 2023172 Days
16 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ£270,000£270,000£0030 Jun 202308 Dec 2023161 Days
8 Mayfair Road, Bungay, Suffolk, NR35 1SA£325,000£323,000-£2,00002 Sep 202214 Nov 2023438 Days
42 Kings Road, Bungay, Suffolk, NR35 1RR£230,000£220,000-£10,00017 Aug 202310 Nov 202385 Days
18 Fairfield Road, Bungay, Suffolk, NR35 1RY£220,000£200,000-£20,00024 Jul 202325 Oct 202393 Days
Laurel House, Chapel Hill, Woodton, Bungay, Norfolk, NR35 2NX£525,000£500,000-£25,00014 Jun 202323 Oct 2023131 Days
24 Southend Road, Bungay, Suffolk, NR35 1DN£249,950£249,950£0011 Jul 202320 Oct 2023101 Days
8 Hillside Road East, Bungay, Suffolk, NR35 1JZ£395,000£395,000£0026 Jun 202320 Oct 2023116 Days

Most Expensive Streets in NR35 (Bungay)

PostcodeStreetAreaAverageNo. of Sales
NR35 2PEYarmouth Road, BroomeBungay£533,43716
NR35 2DBSchool Road, BedinghamBungay£508,3333
NR35 1HTBeccles RoadBungay£476,6663
NR35 2BHChurch Road, TopcroftBungay£470,0003
NR35 1JBBeccles RoadBungay£459,9833
NR35 2NXChapel Hill, WoodtonBungay£439,5004
NR35 2PAYarmouth Road, BroomeBungay£416,6663
NR35 2RQTunneys Lane, DitchinghamBungay£414,8333
NR35 2RWSun Road, BroomeBungay£414,1666
NR35 1HQFlixton RoadBungay£414,1663

Least Expensive Streets in NR35 (Bungay)

PostcodeStreetAreaAverageNo. of Sales
NR35 1DBIngleton House, Priory LaneBungay£117,1234
NR35 2QJMillfield Close, DitchinghamBungay£151,0003
NR35 1EJThe MaltingsBungay£151,7857
NR35 2UBThe Sidings, EarshamBungay£167,3163
NR35 1HNReeves CloseBungay£170,2916
NR35 2SFWild Flower Way, DitchinghamBungay£173,3577
NR35 1EFBroad StreetBungay£176,2005
NR35 1JEGarden CloseBungay£180,1787
NR35 1LHWaveney RoadBungay£183,30010
NR35 2TXChurch Path, EarshamBungay£187,6663

Explore NR35 (Bungay) using map