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House Prices in NR8 House Prices in NR8 (Norwich)

The average house price in NR8 (Norwich) is £276,833 using HM Land Registry data.

The average property price increased by £73,980 (15.12%) over the last 5 years and increased by £14,819 (2.46%) over the last 12 months.

Over the last year, there were 251 residential property sales – a decrease of 126 transactions (-50.20%) relative to the previous year. The majority of house sales (59) were in the £214,000 - £268,000 range. Then came properties in the £268,000 - £322,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 158 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,360 (-2%).

In January 2025, there were 74 new estate agency instructions, 52 agreed home sales and 37 property price reductions.

Nearby Postcodes: IP25, NR10, NR11, NR12, NR14, NR17, NR18, NR19, NR2, NR20, NR28, NR3, NR4, NR5, NR6, NR7, NR9

5-Year Average Property Prices in NR8 (Norwich)

15.12%

Property prices in NR8 (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 NR8 (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.

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 NR8 (Norwich) - January 2025

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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
52 Walsingham Drive, Taverham, Norwich, Norfolk, NR8 6FZ£260,000£260,000£022 May 202413 Dec 2024205 Days
24 Seton Road, Taverham, Norwich, Norfolk, NR8 6QE£650,000£635,000-£15,00019 Aug 202409 Dec 2024112 Days
16 Freeland Close, Taverham, Norwich, Norfolk, NR8 6XR£245,000£245,000£013 Aug 202429 Nov 2024108 Days
35 Norgate Way, Taverham, Norwich, Norfolk, NR8 6TX£300,000£292,500-£7,50018 Jun 202422 Nov 2024157 Days
6 George Close, Drayton, Norwich, Norfolk, NR8 6EA£350,000£350,000£003 Jun 202422 Nov 2024172 Days
17 Snowberry Close, Taverham, Norwich, Norfolk, NR8 6YQ£685,000£661,000-£24,00009 Feb 202406 Nov 2024271 Days
7 Mills Close, Taverham, Norwich, Norfolk, NR8 6QX£375,000£365,000-£10,00006 Jun 202405 Nov 2024152 Days
47 Grace Edwards Close, Drayton, Norwich, Norfolk, NR8 6WB£250,000£246,000-£4,00012 Jul 202401 Nov 2024112 Days
4 Priorswood, Taverham, Norwich, Norfolk, NR8 6FY£425,000£425,000£018 Jun 202401 Nov 2024136 Days
92 West End, Costessey, Norwich, Norfolk, NR8 5AJ£325,000£325,000£018 Jul 202425 Oct 202499 Days
3 Becks Fur, Taverham, Norwich, Norfolk, NR8 6XN£230,000£225,000-£5,00029 Jul 202425 Oct 202488 Days
4 Isbets Dale, Taverham, Norwich, Norfolk, NR8 6XA£500,000£480,000-£20,00008 Nov 202325 Oct 2024352 Days
12 Cricket Close, Drayton, Norwich, Norfolk, NR8 6YA£400,000£385,000-£15,00016 Jan 202411 Oct 2024269 Days
5 Poethlyn Drive, Costessey, Norwich, Norfolk, NR8 5ET£260,000£256,000-£4,00002 Jan 202431 Jul 2024211 Days
10 Folgate Close, Costessey, Norwich, Norfolk, NR8 5DN£550,000£540,000-£10,00003 Apr 202425 Jul 2024113 Days
4 Haverscroft Close, Taverham, Norwich, Norfolk, NR8 6LU£370,000£370,000£015 Apr 202412 Jul 202488 Days
106 Pyehurn Mews, Taverham, Norwich, Norfolk, NR8 6XP£230,000£230,000£005 Jan 202412 Jul 2024189 Days
5 Walnut Close, Taverham, Norwich, Norfolk, NR8 6YN£490,000£480,000-£10,00012 Oct 202327 Jun 2024259 Days
23 Lacey Road, Taverham, Norwich, Norfolk, NR8 6ND£290,000£280,000-£10,00029 Apr 202419 Jun 202451 Days
7 Argyll Crescent, Taverham, Norwich, Norfolk, NR8 6YY£365,000£365,000£026 Dec 202307 Jun 2024164 Days

Most Expensive Streets in NR8 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR8 6TBTaverham Park Avenue, TaverhamNorwich£970,0006
NR8 6SBTaverham Road, TaverhamNorwich£692,5006
NR8 6JQThe Lodge Drive, DraytonNorwich£649,1666
NR8 6QFWoodland Drive, DraytonNorwich£642,5004
NR8 6FDFirbanks Close, DraytonNorwich£638,3333
NR8 6XDSylvan Way, TaverhamNorwich£600,0004
NR8 6SGTaverham Road, TaverhamNorwich£586,6663
NR8 6SETaverham Road, TaverhamNorwich£578,3128
NR8 6QAFakenham Road, TaverhamNorwich£577,5004
NR8 5BNHinshalwood Way, CostesseyNorwich£568,0004

Least Expensive Streets in NR8 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR8 5FGDunnock Court, Dunnock DriveNorwich£128,1005
NR8 5EPCheena Court, Solario RoadNorwich£143,26319
NR8 5FBRobin Court, Robin CloseNorwich£145,3005
NR8 5GZKestrel Avenue, CostesseyNorwich£146,0836
NR8 5FEWoodpecker Court, Woodpecker WayNorwich£146,3336
NR8 5AYTower Close, CostesseyNorwich£150,60010
NR8 5FNNightingale Mews, CostesseyNorwich£150,8336
NR8 6ULThe Seates, TaverhamNorwich£152,0005
NR8 6XFCastle Rise, TaverhamNorwich£168,5559
NR8 6UTAcres Way, DraytonNorwich£168,7147

Explore NR8 (Norwich) using map

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