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House Prices in NR4 House Prices in NR4 (Norwich)

The average house price in NR4 (Norwich) is £387,222 using HM Land Registry data.

The average property price increased by £45,034 (26.86%) over the last 5 years and increased by £9,023 (4.03%) over the last 12 months.

Over the last year, there were 203 residential property sales – a decrease of 75 transactions (-36.95%) relative to the previous year. The majority of house sales (68) were in the £248,000 - £336,000 range. Then came properties in the £160,000 - £248,000 range, where 37 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,000 (-1%).

In Oct 24, there were 58 new estate agency instructions, 46 agreed home sales and 38 property price reductions.

Nearby Postcodes: IP20, IP21, IP22, IP24, IP25, NR1, NR10, NR11, NR12, NR13, NR14, NR15, NR16, NR17, NR18, NR19, NR2, NR20, NR21, NR22, NR23, NR24, NR25, NR26, NR27, NR28, NR29, NR3, NR30, NR31, NR32, NR34, NR35, NR5, NR6, NR7, NR8, NR9, PE31, PE32, PE37

5-Year Average Property Prices in NR4 (Norwich)

26.86%

Property prices in Norwich increased by 26.86% 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 NR4 (Norwich) Over the Last Year

4.03%

Property prices in Norwich increased by 4.03% 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 NR4 (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 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 NR4 (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 NR4 (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 NR4 (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 NR4 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR4 postcode area since 1995.

Recent Sales in NR4 (Norwich)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Lyhart Road, Norwich, Norfolk, NR4 6RF£450,000£445,000-£5,00008 May 202420 Aug 2024104 Days
187 Newmarket Road, Norwich, Norfolk, NR4 6AP£1,195,000£1,100,000-£95,00007 Jun 202413 Aug 202467 Days
156 Bluebell Road, Norwich, Norfolk, NR4 7LN£305,000£290,000-£15,00011 Mar 202401 Aug 2024143 Days
9 Ellcar Rise, Norwich, Norfolk, NR4 6HR£475,000£470,000-£5,00001 Mar 202424 Jul 2024145 Days
18 Buckland Rise, Eaton, Norwich, Norfolk, NR4 6EZ£340,000£330,000-£10,00002 Apr 202410 Jul 202499 Days
15 Cranleigh Rise, Norwich, Norfolk, NR4 6PQ£375,000£355,000-£20,00002 Oct 202305 Jul 2024277 Days
5 Fountains Road, Norwich, Norfolk, NR4 6LN£210,000£210,000£0008 Mar 202405 Jul 2024119 Days
48 Church Lane, Eaton, Norwich, Norfolk, NR4 6NY£650,000£620,000-£30,00012 Dec 202328 Jun 2024199 Days
20 Pippin Green, Norwich, Norfolk, NR4 7NG£170,000£162,000-£8,00008 Jan 202413 Jun 2024157 Days
54 Ipswich Road, Norwich, Norfolk, NR4 6QR£500,000£490,000-£10,00027 Oct 202307 Jun 2024224 Days
37 Cairns Court, Norwich, Norfolk, NR4 7PT£170,000£170,000£0013 Jul 202323 May 2024315 Days
57 Brentwood, Norwich, Norfolk, NR4 6PN£280,000£275,000-£5,00028 Feb 202413 May 202475 Days
43 Rugge Drive, Norwich, Norfolk, NR4 7NP£260,000£246,850-£13,15021 Nov 202310 May 2024171 Days
11 Friar Tuck Road, Norwich, Norfolk, NR4 6DB£210,000£200,000-£10,00005 Dec 202309 May 2024156 Days
420 Unthank Road, Norwich, Norfolk, NR4 7QH£1,100,000£995,000-£105,00015 Nov 202309 May 2024176 Days
176 Bluebell Road, Norwich, Norfolk, NR4 7LN£180,000£172,500-£7,50002 Oct 202301 May 2024212 Days
239 Robin Hood Road, Norwich, Norfolk, NR4 6BY£250,000£235,000-£15,00028 Oct 202326 Apr 2024181 Days
2 Colney Drive, Norwich, Norfolk, NR4 7RH£995,000£935,000-£60,00004 Oct 202319 Apr 2024198 Days
3 Amderley Drive, Norwich, Norfolk, NR4 6HY£300,000£300,000£0020 Oct 202318 Apr 2024181 Days
22 Lindford Drive, Norwich, Norfolk, NR4 6LR£500,000£500,000£0015 Nov 202304 Apr 2024141 Days

Most Expensive Streets in NR4 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR4 7TWOld Watton Road, ColneyNorwich£1,130,5093
NR4 6APNewmarket RoadNorwich£1,106,8336
NR4 7QGUnthank RoadNorwich£925,0003
NR4 7QFJudges WalkNorwich£915,8336
NR4 6SWBranksome RoadNorwich£899,0005
NR4 7RGColney Lane, CringlefordNorwich£891,6663
NR4 6SNBranksome RoadNorwich£883,5004
NR4 7QHUnthank RoadNorwich£881,5114
NR4 7QTEdenhurst CloseNorwich£875,3923
NR4 7QXMile End RoadNorwich£805,7506

Least Expensive Streets in NR4 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR4 7NDRusset GroveNorwich£89,9333
NR4 6RPQuintin Gurney House, Keswick HallNorwich£120,54323
NR4 6RSBishop Pelham CourtNorwich£141,4449
NR4 6NQHall RoadNorwich£143,6005
NR4 6LPKirkleesNorwich£146,0005
NR4 7NQRusset GroveNorwich£149,8336
NR4 6RTGerard Hudson GardensNorwich£157,6005
NR4 6BTRobin Hood RoadNorwich£158,0007
NR4 7DUWycliffe RoadNorwich£166,3333
NR4 7PTCairns CourtNorwich£167,0836

Explore NR4 (Norwich) using map

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