FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in NR7

House Prices in NR7 House Prices in NR7 (Norwich)

The average house price in NR7 (Norwich) is £304,368 using HM Land Registry data.

The average property price increased by £68,313 (20.3%) over the last 5 years and increased by £13,688 (3.19%) over the last 12 months.

Over the last year, there were 363 residential property sales – a decrease of 151 transactions (-41.60%) relative to the previous year. The majority of house sales (96) were in the £256,000 - £304,000 range. Then came properties in the £208,000 - £256,000 range, where 89 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,858 (-2%).

In Oct 24, there were 97 new estate agency instructions, 59 agreed home sales and 65 property price reductions.

Nearby Postcodes: IP18, IP19, IP20, IP21, IP22, IP24, IP25, NR1, NR10, NR11, NR12, NR13, NR14, NR15, NR16, NR17, NR18, NR19, NR2, NR20, NR24, NR25, NR26, NR27, NR28, NR29, NR3, NR30, NR31, NR32, NR33, NR34, NR35, NR4, NR5, NR6, NR8, NR9, PE32, PE37

5-Year Average Property Prices in NR7 (Norwich)

20.3%

Property prices in Norwich increased by 20.3% 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 NR7 (Norwich) Over the Last Year

3.19%

Property prices in Norwich increased by 3.19% 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 NR7 (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 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 NR7 (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 NR7 (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 NR7 (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 NR7 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR7 postcode area since 1995.

Recent Sales in NR7 (Norwich)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Rosemary Road, Norwich, Norfolk, NR7 8ER£350,000£340,000-£10,00011 Apr 202412 Aug 2024123 Days
51 Spinney Road, Norwich, Norfolk, NR7 0PL£290,000£290,000£0026 Dec 202309 Aug 2024227 Days
32 Cere Road, Norwich, Norfolk, NR7 8JU£290,000£280,000-£10,00026 Jan 202402 Aug 2024189 Days
26 Harvey Lane, Norwich, Norfolk, NR7 0BY£325,000£325,000£0012 Feb 202402 Aug 2024172 Days
6 Newark Close, Norwich, Norfolk, NR7 0YJ£440,000£430,000-£10,00026 Dec 202331 Jul 2024218 Days
49 Belmore Road, Thorpe St Andrew, Norwich, Norfolk, NR7 0PR£280,000£265,000-£15,00002 Apr 202430 Jul 2024119 Days
44 St Williams Way, Norwich, Norfolk, NR7 0AP£290,000£270,000-£20,00025 Apr 202430 Jul 202496 Days
52a, Thunder Lane, Norwich, Norfolk, NR7 0PZ£680,000£665,000-£15,00015 Feb 202429 Jul 2024165 Days
83 Charles Avenue, Norwich, Norfolk, NR7 0PF£275,000£274,000-£1,00013 Feb 202422 Jul 2024160 Days
13 Orchard Close, Norwich, Norfolk, NR7 9NY£240,000£240,000£0028 Mar 202428 Jun 202492 Days
162 Plumstead Road East, Norwich, Norfolk, NR7 9NQ£350,000£347,030-£2,97014 Feb 202425 Jun 2024132 Days
6 Blue Boar Lane, Norwich, Norfolk, NR7 8RS£480,000£480,000£0025 Jan 202406 Jun 2024133 Days
23 Thorpe Hall Close, Norwich, Norfolk, NR7 0TH£425,000£405,000-£20,00012 Jan 202404 Jun 2024144 Days
22 Roundway Down, Norwich, Norfolk, NR7 0NR£250,000£227,500-£22,50026 Dec 202328 May 2024154 Days
37 Hornbeam Close, Norwich, Norfolk, NR7 8LN£250,000£250,000£0016 Feb 202424 May 202498 Days
137 Witard Road, Norwich, Norfolk, NR7 9XG£160,000£155,000-£5,00009 Sep 202324 May 2024258 Days
40 Salhouse Road, Norwich, Norfolk, NR7 9DL£225,000£130,000-£95,00010 Jul 202323 May 2024318 Days
6 Redfern Close, Norwich, Norfolk, NR7 9RF£240,000£240,000£0021 Feb 202417 May 202486 Days
27 Charles Avenue, Norwich, Norfolk, NR7 0PA£300,000£300,000£0024 Nov 202317 May 2024175 Days
14 Porson Road, Norwich, Norfolk, NR7 9DH£260,000£255,000-£5,00026 Jan 202416 May 2024111 Days

Most Expensive Streets in NR7 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR7 0HBStanmore RoadNorwich£659,0355
NR7 0PXThunder LaneNorwich£658,7504
NR7 0JJBoulderside CloseNorwich£613,2873
NR7 0BHEden CloseNorwich£595,3333
NR7 0EQYarmouth RoadNorwich£587,1663
NR7 0TRRainsborough RiseNorwich£562,3333
NR7 8FEEverett CloseNorwich£507,5004
NR7 0RJSt Andrews CloseNorwich£501,6663
NR7 8ERRosemary RoadNorwich£497,9449
NR7 0GGThe Old Chapel, St Andrews ParkNorwich£472,7003

Least Expensive Streets in NR7 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR7 9LSLaurel Court, Armstrong RoadNorwich£115,26417
NR7 8NACecil Gowing CourtNorwich£125,8124
NR7 9XNHolmes CloseNorwich£136,8005
NR7 9RHMunnings RoadNorwich£138,5004
NR7 9NJBodmin Court, Plumstead Road EastNorwich£150,1666
NR7 8JBPine CourtNorwich£150,2508
NR7 8SZCoachmans Court, SprowstonNorwich£152,8128
NR7 8JDRowan CourtNorwich£153,2733
NR7 8GLScott Close, SprowstonNorwich£157,9979
NR7 9UWPaine RoadNorwich£158,0004

Explore NR7 (Norwich) using map

Sell Your
House Fast
Property Auctions Norwich
Property Auctions Norwich
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark