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House Prices in NR9 House Prices in NR9 (Norwich)

The average house price in NR9 (Norwich) is £499,166 using HM Land Registry data.

The average property price increased by £82,003 (19.92%) over the last 5 years and increased by £16,431 (3.13%) over the last 12 months.

Over the last year, there were 179 residential property sales – a decrease of 96 transactions (-53.63%) relative to the previous year. The majority of house sales (48) were in the £278,000 - £366,000 range. Then came properties in the £190,000 - £278,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 44 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,336 (-3%).

In Oct 24, there were 57 new estate agency instructions, 36 agreed home sales and 55 property price reductions.

Nearby Postcodes: IP24, IP25, IP26, NR1, NR10, NR11, NR12, NR13, NR14, NR15, NR16, NR17, NR18, NR19, NR2, NR20, NR21, NR24, NR28, NR3, NR31, NR32, NR34, NR35, NR4, NR5, NR6, NR7, NR8, PE32, PE37

5-Year Average Property Prices in NR9 (Norwich)

19.92%

Property prices in Norwich increased by 19.92% 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 NR9 (Norwich) Over the Last Year

3.13%

Property prices in Norwich increased by 3.13% 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 NR9 (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 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 NR9 (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 NR9 (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 NR9 (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 NR9 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR9 postcode area since 1995.

Recent Sales in NR9 (Norwich)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Cardinal Close, Easton, Norwich, Norfolk, NR9 5EW£325,000£325,000£0023 Apr 202415 Aug 2024114 Days
1 Woodview Road, Easton, Norwich, Norfolk, NR9 5EU£550,000£530,000-£20,00015 Feb 202415 Aug 2024182 Days
11 Lakeland Way, Hethersett, Norwich, Norfolk, NR9 3QA£210,000£208,000-£2,00005 Apr 202408 Aug 2024125 Days
6 Copper Lane, Hingham, Norwich, Norfolk, NR9 4JS£425,000£415,000-£10,00021 Feb 202401 Aug 2024162 Days
3 Hall Close, Hingham, Norwich, Norfolk, NR9 4JU£350,000£340,000-£10,00011 Apr 202410 Jul 202490 Days
13 Cardinal Close, Easton, Norwich, Norfolk, NR9 5EW£300,000£300,000£0029 Jan 202410 Jul 2024163 Days
19 Style Loke, Barford, Norwich, Norfolk, NR9 4BE£400,000£392,000-£8,00018 Mar 202428 Jun 2024102 Days
16 Muir Drive, Hingham, Norwich, Norfolk, NR9 4PQ£325,000£317,500-£7,50026 Dec 202314 Jun 2024171 Days
28 Watton Road, Hingham, Norwich, Norfolk, NR9 4HB£320,000£312,500-£7,50021 Dec 202330 May 2024161 Days
Old School, Burdock Lane, Great Melton, Norwich, Norfolk, NR9 3BN£550,000£520,000-£30,00020 Nov 202317 May 2024179 Days
5 Richmond Place, Lyng, Norwich, Norfolk, NR9 5RF£220,000£212,000-£8,00024 Feb 202416 May 202482 Days
Beech House, Honingham Road, Barnham Broom, Norwich, Norfolk, NR9 4DB£375,000£352,500-£22,50004 Mar 202410 May 202467 Days
9 Mill Road, Hethersett, Norwich, Norfolk, NR9 3DR£385,000£375,000-£10,00027 Oct 202308 May 2024194 Days
14 New Road, Hethersett, Norwich, Norfolk, NR9 3HH£600,000£575,000-£25,00007 Dec 202308 May 2024153 Days
5 Mill Close, Hethersett, Norwich, Norfolk, NR9 3DY£490,000£475,000-£15,00003 Oct 202301 May 2024211 Days
1 Hall Close, Hethersett, Norwich, Norfolk, NR9 3HY£300,000£295,000-£5,00019 Nov 202329 Apr 2024162 Days
23 Buckingham Drive, Hethersett, Norwich, Norfolk, NR9 3HT£465,000£465,000£0010 Nov 202326 Apr 2024168 Days
40 Mill Road, Hethersett, Norwich, Norfolk, NR9 3DP£280,000£275,000-£5,00031 Jan 202416 Apr 202476 Days
Woodyard House, Whitwell Road, Sparham, Norwich, Norfolk, NR9 5PW£575,000£575,000£0026 Dec 202311 Apr 2024107 Days
The Coach House, Lynch Green, Hethersett, Norwich, Norfolk, NR9 3JT£475,000£475,000£0023 Oct 202328 Mar 2024157 Days

Most Expensive Streets in NR9 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR9 4PJWood RisingNorwich£784,3356
NR9 5BAHoninghamNorwich£764,0003
NR9 4BLBurdock Lane, BarfordNorwich£739,1663
NR9 3ATNorwich Road, HethersettNorwich£700,0004
NR9 4BUNorwich Road, Barnham BroomNorwich£689,1254
NR9 4DBHoningham Road, Barnham BroomNorwich£683,8005
NR9 4AYChurch Lane, BarfordNorwich£667,5004
NR9 5LJPrimrose Green, LyngNorwich£662,5003
NR9 3JTLynch Green, HethersettNorwich£661,0628
NR9 4NTEllingham Road, ScoultonNorwich£659,5003

Least Expensive Streets in NR9 (Norwich)

PostcodeStreetAreaAverageNo. of Sales
NR9 4LZLincoln Close, HinghamNorwich£147,6874
NR9 5AQThe Street, SparhamNorwich£157,0003
NR9 3QGTroutbeck, HethersettNorwich£171,6005
NR9 3JSDrake Close, HethersettNorwich£176,8333
NR9 4EYCoopers Crescent, HinghamNorwich£181,7003
NR9 3GFWeaver Crescent, HethersettNorwich£183,4505
NR9 4RGRectory Gardens, HinghamNorwich£184,00011
NR9 3NBRowan Gardens, HethersettNorwich£193,1258
NR9 3JWAnson Close, HethersettNorwich£198,0836
NR9 3PWKendal Close, HethersettNorwich£201,5008

Explore NR9 (Norwich) using map

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