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House Prices in NR9

The average house price in NR9 (Norwich) is £408,458 using HM Land Registry data.

The average property price increased by £82,628 (19.92%) over the last 5 years and increased by £16,518 (3.13%) over the last 12 months.

Over the last year, there were 202 residential property sales – a decrease of 141 transactions (-69.80%) relative to the previous year. The majority of house sales (65) were in the £200,000 - £286,000 range. Then came properties in the £286,000 - £372,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 45 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,336 (-3%).

In June 2024, there were 67 new estate agency instructions, 47 agreed home sales and 53 property price reductions.

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.

Property Market Heat Gauge for NR9 (Norwich) - June 2024

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Mill Road, Hethersett, Norwich, Norfolk, NR9 3DR	£385,000	£375,000	-£10,000	27 Oct 2023	08 May 2024	194 Days
5 Mill Close, Hethersett, Norwich, Norfolk, NR9 3DY	£490,000	£475,000	-£15,000	03 Oct 2023	01 May 2024	211 Days
23 Buckingham Drive, Hethersett, Norwich, Norfolk, NR9 3HT	£465,000	£465,000	£00	10 Nov 2023	26 Apr 2024	168 Days
Woodyard House, Whitwell Road, Sparham, Norwich, Norfolk, NR9 5PW	£575,000	£575,000	£00	26 Dec 2023	11 Apr 2024	107 Days
The Coach House, Lynch Green, Hethersett, Norwich, Norfolk, NR9 3JT	£475,000	£475,000	£00	23 Oct 2023	28 Mar 2024	157 Days
19 Bears Lane, Hingham, Norwich, Norfolk, NR9 4LL	£650,000	£600,000	-£50,000	30 Aug 2023	28 Feb 2024	182 Days
8 Reymerston Road, Garvestone, Norwich, Norfolk, NR9 4QX	£325,000	£321,500	-£3,500	13 Oct 2023	23 Feb 2024	133 Days
13 Buckingham Drive, Hethersett, Norwich, Norfolk, NR9 3HT	£325,000	£320,000	-£5,000	05 Sep 2023	21 Feb 2024	169 Days
1 Church Field, Attlebridge, Norwich, Norfolk, NR9 5TH	£725,000	£660,000	-£65,000	01 Sep 2023	21 Feb 2024	173 Days
32 Harman Close, Hethersett, Norwich, Norfolk, NR9 3PR	£380,000	£355,000	-£25,000	14 Aug 2023	16 Feb 2024	186 Days
85 School Lane, Little Melton, Norwich, Norfolk, NR9 3NE	£400,000	£395,000	-£5,000	15 Sep 2023	05 Feb 2024	143 Days
Church Farm House, Norwich Road, Hethersett, Norwich, Norfolk, NR9 3AS	£700,000	£630,000	-£70,000	31 Jul 2023	02 Feb 2024	186 Days
Walstan, Lindley Road, Hethersett, Norwich, Norfolk, NR9 3FJ	£350,000	£340,000	-£10,000	27 Oct 2023	31 Jan 2024	96 Days
52 School Lane, Little Melton, Norwich, Norfolk, NR9 3AE	£500,000	£495,000	-£5,000	02 Oct 2023	22 Jan 2024	112 Days
Clock House, The Street, Lyng, Norwich, Norfolk, NR9 5AL	£400,000	£380,000	-£20,000	26 Jul 2023	05 Jan 2024	163 Days
13 Ash Close, Hethersett, Norwich, Norfolk, NR9 3RE	£290,000	£285,000	-£5,000	17 Oct 2023	05 Jan 2024	80 Days
Treetops, Watton Road, Bawburgh, Norwich, Norfolk, NR9 3LG	£1,500,000	£1,375,000	-£125,000	02 Oct 2023	03 Jan 2024	93 Days
41 Admirals Walk, Hingham, Norwich, Norfolk, NR9 4JL	£240,000	£235,000	-£5,000	11 Oct 2023	20 Dec 2023	70 Days
4 Bayfield Close, Barford, Norwich, Norfolk, NR9 4BN	£350,000	£340,000	-£10,000	07 Feb 2023	20 Dec 2023	316 Days
18 Richmond Place, Lyng, Norwich, Norfolk, NR9 5RF	£260,000	£254,000	-£6,000	20 Sep 2023	15 Dec 2023	86 Days

Most Expensive Streets in NR9 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR9 4PJ	Wood Rising	Norwich	£784,335	6
NR9 4DB	Honingham Road, Barnham Broom	Norwich	£766,625	4
NR9 5BA	Honingham	Norwich	£764,000	3
NR9 4BL	Burdock Lane, Barford	Norwich	£739,166	3
NR9 3AT	Norwich Road, Hethersett	Norwich	£700,000	4
NR9 4BU	Norwich Road, Barnham Broom	Norwich	£689,125	4
NR9 4AY	Church Lane, Barford	Norwich	£667,500	4
NR9 5LJ	Primrose Green, Lyng	Norwich	£662,500	3
NR9 4NT	Ellingham Road, Scoulton	Norwich	£659,500	3
NR9 3SA	St Walstan Meadow, Bawburgh	Norwich	£653,571	7

Least Expensive Streets in NR9 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR9 5AQ	The Street, Sparham	Norwich	£153,375	4
NR9 3QG	Troutbeck, Hethersett	Norwich	£163,416	6
NR9 3JS	Drake Close, Hethersett	Norwich	£176,833	3
NR9 4EY	Coopers Crescent, Hingham	Norwich	£181,700	3
NR9 3GF	Weaver Crescent, Hethersett	Norwich	£183,450	5
NR9 4RG	Rectory Gardens, Hingham	Norwich	£192,076	13
NR9 3NB	Rowan Gardens, Hethersett	Norwich	£193,125	8
NR9 3JW	Anson Close, Hethersett	Norwich	£195,071	7
NR9 3PW	Kendal Close, Hethersett	Norwich	£201,500	8
NR9 3PT	Hughes Court, Hethersett	Norwich	£202,333	6