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House Prices in NR14

The average house price in NR14 (Norwich) is £344,153 using HM Land Registry data.

The average property price increased by £112,894 (30.41%) over the last 5 years and increased by £22,620 (4.46%) over the last 12 months.

Over the last year, there were 254 residential property sales – a decrease of 184 transactions (-72.44%) relative to the previous year. The majority of house sales (67) were in the £210,000 - £278,000 range. Then came properties in the £278,000 - £346,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,259 (-5%).

In Oct 24, there were 59 new estate agency instructions, 66 agreed home sales and 53 property price reductions.

5-Year Average Property Prices in NR14 (Norwich)

30.41%

Property prices in Norwich increased by 30.41% 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 NR14 (Norwich) Over the Last Year

4.46%

Property prices in Norwich increased by 4.46% 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 NR14 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 NR14 (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 NR14 (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 NR14 (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 NR14 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR14 postcode area since 1995.

Recent Sales in NR14 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
45 Cawstons Meadow, Poringland, Norwich, Norfolk, NR14 7SX	£250,000	£245,000	-£5,000	08 May 2024	23 Aug 2024	107 Days
6 Gravel Hill, Stoke Holy Cross, Norwich, Norfolk, NR14 8LH	£210,000	£200,000	-£10,000	24 Jan 2024	09 Aug 2024	198 Days
11 Thrush Close, Mulbarton, Norwich, Norfolk, NR14 8JF	£250,000	£250,000	£00	02 Apr 2024	26 Jul 2024	115 Days
Meadow Cottage, Stoke Lane, Swainsthorpe, Norwich, Norfolk, NR14 8QB	£400,000	£400,000	£00	29 Feb 2024	15 Jul 2024	137 Days
32 The Green, Surlingham, Norwich, Norfolk, NR14 7AG	£400,000	£386,000	-£14,000	04 May 2024	12 Jul 2024	69 Days
2 Cedar Drive, Loddon, Norwich, Norfolk, NR14 6LE	£385,000	£345,000	-£40,000	11 Apr 2024	09 Jul 2024	89 Days
10 Old Rectory Close, Mulbarton, Norwich, Norfolk, NR14 8LX	£525,000	£495,000	-£30,000	27 Jun 2023	05 Jul 2024	374 Days
15 Cedar Drive, Loddon, Norwich, Norfolk, NR14 6LE	£390,000	£380,000	-£10,000	31 Oct 2023	03 Jul 2024	246 Days
5 Birchfield Gardens, Mulbarton, Norwich, Norfolk, NR14 8BT	£325,000	£325,000	£00	15 Nov 2023	28 Jun 2024	226 Days
8 Birchfield Lane, Mulbarton, Norwich, Norfolk, NR14 8BS	£220,000	£215,000	-£5,000	20 Feb 2024	25 Jun 2024	126 Days
28 Caistor Lane, Caistor St Edmund, Norwich, Norfolk, NR14 8RB	£425,000	£397,000	-£28,000	26 Oct 2023	24 Jun 2024	242 Days
7 Highland Crescent, Trowse, Norwich, Norfolk, NR14 8GA	£450,000	£440,000	-£10,000	28 Jul 2023	21 Jun 2024	329 Days
29 St Georges Close, Thurton, Norwich, Norfolk, NR14 6AY	£375,000	£370,500	-£4,500	19 Sep 2023	12 Jun 2024	267 Days
25 Meadow Way, Poringland, Norwich, Norfolk, NR14 7LZ	£315,000	£300,000	-£15,000	03 Mar 2024	07 Jun 2024	96 Days
16 Cedar Drive, Loddon, Norwich, Norfolk, NR14 6LE	£375,000	£365,000	-£10,000	03 Feb 2024	31 May 2024	118 Days
4 Leman Close, Loddon, Norwich, Norfolk, NR14 6LJ	£270,000	£265,000	-£5,000	19 Jan 2024	24 May 2024	126 Days
5 Beccles Road, Loddon, Norwich, Norfolk, NR14 6JQ	£575,000	£545,000	-£30,000	03 Nov 2023	23 May 2024	202 Days
31 Low Bungay Road, Loddon, Norwich, Norfolk, NR14 6JW	£375,000	£300,000	-£75,000	07 Aug 2023	14 May 2024	281 Days
5a, The Vale, Swainsthorpe, Norwich, Norfolk, NR14 8PL	£120,000	£105,000	-£15,000	30 Nov 2023	10 May 2024	162 Days
2 Hornbeam Drive, Poringland, Norwich, Norfolk, NR14 7WE	£400,000	£390,000	-£10,000	02 Nov 2023	25 Apr 2024	175 Days

Most Expensive Streets in NR14 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR14 6BG	Norwich Road, Chedgrave	Norwich	£831,250	4
NR14 7FT	The Court, Yelverton	Norwich	£762,500	4
NR14 8LD	Intwood Lane, East Carleton	Norwich	£741,666	3
NR14 8TG	Whitehorse Lane, Trowse	Norwich	£716,666	3
NR14 8AG	Rectory Lane, Mulbarton	Norwich	£700,000	3
NR14 7RY	Long Road, Framingham Earl	Norwich	£678,681	11
NR14 8YE	Nursery Close, Bracon Ash	Norwich	£651,506	5
NR14 7PN	Gull Lane, Framingham Earl	Norwich	£640,000	3
NR14 6NQ	Pits Lane, Chedgrave	Norwich	£625,000	4
NR14 8GX	Meadows Drive, Mulbarton	Norwich	£593,800	5

Least Expensive Streets in NR14 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR14 6DN	Halfpenny Court, Loddon	Norwich	£125,333	3
NR14 6EZ	Bridge Street, Loddon	Norwich	£131,833	6
NR14 6UZ	Beck Way, Loddon	Norwich	£147,000	3
NR14 6FJ	Heckingham Park, Hales	Norwich	£156,233	15
NR14 6FG	Trinity Square, Loddon	Norwich	£161,500	5
NR14 7GS	Taylors Square, Poringland	Norwich	£163,687	8
NR14 6LD	Hobart Road, Loddon	Norwich	£165,166	3
NR14 7WT	Marine Court, Trafalgar Square	Norwich	£179,500	5
NR14 7WR	Britannia Court, Trafalgar Square	Norwich	£181,812	8
NR14 6RR	The Street, Norton Subcourse	Norwich	£183,750	4