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House Prices in NR16

The average house price in NR16 (Norwich) is £390,250 using HM Land Registry data.

The average property price increased by £131,164 (31.29%) over the last 5 years and increased by £26,221 (4.56%) over the last 12 months.

Over the last year, there were 97 residential property sales – a decrease of 65 transactions (-67.01%) relative to the previous year. The majority of house sales (27) were in the £304,000 - £398,000 range. Then came properties in the £210,000 - £304,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,666 (-2%).

In June 2024, there were 40 new estate agency instructions, 24 agreed home sales and 25 property price reductions.

5-Year Average Property Prices in NR16 (Norwich)

31.29%

Property prices in Norwich increased by 31.29% 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 NR16 (Norwich) Over the Last Year

4.56%

Property prices in Norwich increased by 4.56% 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 NR16 (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 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 NR16 (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 NR16 (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 NR16 (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 NR16 (Norwich) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR16 postcode area since 1995.

Recent Sales in NR16 (Norwich)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Ollys Cottage, East Church Street, Kenninghall, Norwich, Norfolk, NR16 2EP	£280,000	£280,000	£00	05 Dec 2023	15 May 2024	162 Days
15 Hamblings Piece, East Harling, Norwich, Norfolk, NR16 2PZ	£400,000	£381,500	-£18,500	04 Oct 2023	03 Apr 2024	182 Days
Langmoor, Low Road, Forncett St Mary, Norwich, Norfolk, NR16 1JN	£650,000	£600,000	-£50,000	11 Oct 2023	22 Mar 2024	163 Days
5 Old Hall Close, Ashwellthorpe, Norwich, Norfolk, NR16 1EY	£375,000	£375,000	£00	04 Dec 2023	22 Mar 2024	109 Days
5 Norwich Road, Tacolneston, Norwich, Norfolk, NR16 1DJ	£400,000	£390,000	-£10,000	17 Jul 2023	16 Feb 2024	214 Days
8 Hamblings Piece, East Harling, Norwich, Norfolk, NR16 2PZ	£290,000	£280,000	-£10,000	13 Apr 2023	26 Jan 2024	288 Days
38 Millside, Wreningham, Norwich, Norfolk, NR16 1AQ	£200,000	£175,000	-£25,000	08 Sep 2023	26 Jan 2024	140 Days
2 Kemps Barns, East Harling, Norwich, Norfolk, NR16 2TS	£165,000	£165,000	£00	13 Sep 2023	19 Jan 2024	128 Days
Chagford, The Butts, Kenninghall, Norwich, Norfolk, NR16 2EQ	£370,000	£370,000	£00	13 Jul 2023	17 Jan 2024	188 Days
26 Garlondes, East Harling, Norwich, Norfolk, NR16 2NR	£216,500	£215,000	-£1,500	18 Sep 2023	11 Jan 2024	115 Days
Turnpike House, The Turnpike, Carleton Rode, Norwich, Norfolk, NR16 1NL	£800,000	£750,000	-£50,000	25 Aug 2023	04 Jan 2024	132 Days
The Signal Box, North Road, Bunwell, Norwich, Norfolk, NR16 1RB	£425,000	£420,000	-£5,000	03 Oct 2023	02 Jan 2024	91 Days
12 Brewsters, East Harling, Norwich, Norfolk, NR16 2QH	£375,000	£340,000	-£35,000	26 Aug 2023	15 Dec 2023	111 Days
31 Bentley Road, Forncett St Peter, Norwich, Norfolk, NR16 1LU	£280,000	£280,000	£00	16 Oct 2023	11 Dec 2023	56 Days
Beechwood House, Fersfield Road, Kenninghall, Norwich, Norfolk, NR16 2DP	£525,000	£515,000	-£10,000	23 Aug 2023	04 Dec 2023	103 Days
Ponderosa, Fersfield Road, Kenninghall, Norwich, Norfolk, NR16 2DP	£650,000	£638,250	-£11,750	23 Jun 2023	30 Nov 2023	160 Days
6 Low Common, Bunwell, Norwich, Norfolk, NR16 1TD	£300,000	£293,000	-£7,000	24 Jan 2023	24 Nov 2023	304 Days
25 Hamblings Piece, East Harling, Norwich, Norfolk, NR16 2PZ	£250,000	£250,000	£00	20 Mar 2023	16 Nov 2023	241 Days
3 St Martins Gardens, New Buckenham, Norwich, Norfolk, NR16 2AX	£260,000	£260,000	£00	04 Jul 2023	03 Nov 2023	122 Days
35b, The Street, Ashwellthorpe, Norwich, Norfolk, NR16 1AA	£325,000	£325,000	£00	04 Aug 2023	27 Oct 2023	84 Days

Most Expensive Streets in NR16 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR16 1AT	Wymondham Road, Wreningham	Norwich	£779,285	7
NR16 1SY	Low Common, Bunwell	Norwich	£717,000	4
NR16 1JD	Wacton Road, Forncett St Peter	Norwich	£670,833	3
NR16 1NJ	Upgate Street, Carleton Rode	Norwich	£665,400	5
NR16 2GG	Burlingham Road, East Harling	Norwich	£619,000	5
NR16 1HG	New Road, Fundenhall	Norwich	£614,611	6
NR16 1BA	Church Road, Wreningham	Norwich	£604,583	6
NR16 2JE	Eccles Road, East Harling	Norwich	£580,000	4
NR16 2TF	Taylor Drift, East Harling	Norwich	£578,125	4
NR16 2FF	Hawthorn Drive, East Harling	Norwich	£576,612	5

Least Expensive Streets in NR16 (Norwich)

Postcode	Street	Area	Average	No. of Sales
NR16 2NR	Garlondes, East Harling	Norwich	£173,513	13
NR16 1SX	Bridge Road, Bunwell	Norwich	£179,500	6
NR16 2QR	Dolphin Terrace	Norwich	£182,000	3
NR16 1DA	Cheneys Lane, Tacolneston	Norwich	£198,333	3
NR16 2NN	Garlondes, East Harling	Norwich	£204,687	8
NR16 1QZ	Greenways, Bunwell	Norwich	£240,250	3
NR16 1LE	Tabernacle Lane, Forncett St Peter	Norwich	£240,750	4
NR16 1SE	Cooks Corner Close, Carleton Rode	Norwich	£241,375	4
NR16 1BS	Dovedale Road, Tacolneston	Norwich	£244,125	4
NR16 2QB	Kerridges, East Harling	Norwich	£244,142	7