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House Prices in NR8

The average house price in NR8 (Norwich) is £288,958 using HM Land Registry data.

The average property price increased by £86,912 (15.12%) over the last 5 years and increased by £17,414 (2.46%) over the last 12 months.

Over the last year, there were 212 residential property sales – a decrease of 183 transactions (-86.32%) relative to the previous year. The majority of house sales (48) were in the £222,000 - £274,000 range. Then came properties in the £170,000 - £222,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,027 (-2%).

In Oct 24, there were 56 new estate agency instructions, 46 agreed home sales and 51 property price reductions.

5-Year Average Property Prices in NR8 (Norwich)

15.12%

Property prices in Norwich increased by 15.12% 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 NR8 (Norwich) Over the Last Year

2.46%

Property prices in Norwich increased by 2.46% 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 NR8 (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 NR8 (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 NR8 (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 NR8 (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 NR8 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR8 postcode area since 1995.

Recent Sales in NR8 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 Poethlyn Drive, Costessey, Norwich, Norfolk, NR8 5ET	£260,000	£256,000	-£4,000	02 Jan 2024	31 Jul 2024	211 Days
10 Folgate Close, Costessey, Norwich, Norfolk, NR8 5DN	£550,000	£540,000	-£10,000	03 Apr 2024	25 Jul 2024	113 Days
4 Haverscroft Close, Taverham, Norwich, Norfolk, NR8 6LU	£370,000	£370,000	£00	15 Apr 2024	12 Jul 2024	88 Days
106 Pyehurn Mews, Taverham, Norwich, Norfolk, NR8 6XP	£230,000	£230,000	£00	05 Jan 2024	12 Jul 2024	189 Days
5 Walnut Close, Taverham, Norwich, Norfolk, NR8 6YN	£490,000	£480,000	-£10,000	12 Oct 2023	27 Jun 2024	259 Days
23 Lacey Road, Taverham, Norwich, Norfolk, NR8 6ND	£290,000	£280,000	-£10,000	29 Apr 2024	19 Jun 2024	51 Days
7 Argyll Crescent, Taverham, Norwich, Norfolk, NR8 6YY	£365,000	£365,000	£00	26 Dec 2023	07 Jun 2024	164 Days
120 Taverham Road, Taverham, Norwich, Norfolk, NR8 6SB	£850,000	£760,000	-£90,000	12 Oct 2022	31 May 2024	597 Days
59 Drayton High Road, Drayton, Norwich, Norfolk, NR8 6AQ	£325,000	£310,000	-£15,000	08 Nov 2023	24 May 2024	198 Days
186 West End, Costessey, Norwich, Norfolk, NR8 5AW	£280,000	£275,000	-£5,000	10 Jan 2024	14 May 2024	125 Days
2 Taverham Chase, Taverham, Norwich, Norfolk, NR8 6NZ	£325,000	£320,000	-£5,000	02 Dec 2023	09 May 2024	159 Days
5 Pond Lane, Drayton, Norwich, Norfolk, NR8 6PP	£260,000	£255,000	-£5,000	30 Jun 2023	03 May 2024	308 Days
40 Windsor Chase, Taverham, Norwich, Norfolk, NR8 6LW	£375,000	£370,000	-£5,000	04 Dec 2023	03 May 2024	151 Days
36 Magnolia Way, Costessey, Norwich, Norfolk, NR8 5EH	£270,000	£265,000	-£5,000	25 Jul 2023	26 Apr 2024	276 Days
18 Pond Lane, Drayton, Norwich, Norfolk, NR8 6PP	£375,000	£374,000	-£1,000	31 Jan 2024	23 Apr 2024	83 Days
12 Parklands, Costessey, Norwich, Norfolk, NR8 5AL	£400,000	£395,000	-£5,000	26 Dec 2023	18 Apr 2024	114 Days
95 Drayton High Road, Drayton, Norwich, Norfolk, NR8 6AL	£595,000	£575,000	-£20,000	04 Sep 2023	17 Apr 2024	226 Days
15 Century Way, Drayton, Norwich, Norfolk, NR8 6GZ	£325,000	£320,000	-£5,000	19 Dec 2023	15 Apr 2024	118 Days
20 Mokyll Croft, Taverham, Norwich, Norfolk, NR8 6UG	£200,000	£195,000	-£5,000	06 Oct 2023	12 Apr 2024	189 Days
25 Judges Gardens, Drayton, Norwich, Norfolk, NR8 6XY	£200,000	£195,000	-£5,000	25 Oct 2023	04 Apr 2024	162 Days

Most Expensive Streets in NR8 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR8 6TB	Taverham Park Avenue, Taverham	Norwich	£970,000	6
NR8 6SY	Taverham Road, Taverham	Norwich	£740,000	3
NR8 6HT	Fir Covert Road, Taverham	Norwich	£718,333	3
NR8 6SB	Taverham Road, Taverham	Norwich	£692,500	6
NR8 6QF	Woodland Drive, Drayton	Norwich	£642,500	4
NR8 6FD	Firbanks Close, Drayton	Norwich	£638,750	4
NR8 6XD	Sylvan Way, Taverham	Norwich	£600,000	4
NR8 6JQ	The Lodge Drive, Drayton	Norwich	£589,000	5
NR8 6SG	Taverham Road, Taverham	Norwich	£586,666	3
NR8 6SE	Taverham Road, Taverham	Norwich	£578,312	8

Least Expensive Streets in NR8 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR8 5FG	Dunnock Court, Dunnock Drive	Norwich	£128,100	5
NR8 5EP	Cheena Court, Solario Road	Norwich	£143,473	19
NR8 5GZ	Kestrel Avenue, Costessey	Norwich	£146,083	6
NR8 5FE	Woodpecker Court, Woodpecker Way	Norwich	£146,600	5
NR8 5FB	Robin Court, Robin Close	Norwich	£147,500	3
NR8 6UL	The Seates, Taverham	Norwich	£152,000	5
NR8 5AY	Tower Close, Costessey	Norwich	£153,071	7
NR8 5FN	Nightingale Mews, Costessey	Norwich	£154,250	4
NR8 6XF	Castle Rise, Taverham	Norwich	£163,833	9
NR8 6UX	Bishop Rise, Drayton	Norwich	£167,000	3