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House Prices in NR35

The average house price in NR35 (Bungay) is £305,250 using HM Land Registry data.

The average property price increased by £109,214 (18.37%) over the last 5 years and increased by £21,833 (2.92%) over the last 12 months.

Over the last year, there were 121 residential property sales – a decrease of 19 transactions (-15.70%) relative to the previous year. The majority of house sales (33) were in the £190,000 - £258,000 range. Then came properties in the £258,000 - £326,000 range, where 25 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,029 (-3%).

In June 2024, there were 23 new estate agency instructions, 9 agreed home sales and 18 property price reductions.

5-Year Average Property Prices in NR35 (Bungay)

18.37%

Property prices in Bungay increased by 18.37% 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 NR35 (Bungay) Over the Last Year

2.92%

Property prices in Bungay increased by 2.92% 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 NR35 (Bungay) - 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 NR35 (Bungay)

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 NR35 (Bungay)

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 NR35 (Bungay)

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 NR35 (Bungay) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR35 postcode area since 1995.

Recent Sales in NR35 (Bungay)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
1 Norwich Road, Ditchingham, Bungay, Norfolk, NR35 2JJ	£300,000	£247,500	-£52,500	04 Oct 2023	10 Apr 2024	189 Days
71 Mountbatten Road, Bungay, Suffolk, NR35 1PP	£180,000	£170,000	-£10,000	31 Oct 2023	14 Mar 2024	135 Days
39 Loddon Road, Ditchingham, Bungay, Norfolk, NR35 2RA	£270,000	£270,000	£00	25 Jan 2024	13 Mar 2024	48 Days
15 Fairfield Road, Bungay, Suffolk, NR35 1RY	£285,000	£271,000	-£14,000	11 Dec 2023	26 Feb 2024	77 Days
43a, Broad Street, Bungay, Suffolk, NR35 1EF	£138,000	£138,000	£00	10 Oct 2023	21 Feb 2024	134 Days
The Hollies, The Street, Woodton, Bungay, Norfolk, NR35 2LZ	£500,000	£477,500	-£22,500	09 Jul 2023	09 Feb 2024	215 Days
1 Millers Close, Bungay, Suffolk, NR35 1HJ	£275,000	£258,000	-£17,000	07 May 2023	02 Feb 2024	271 Days
46 Lockhart Road, Ellingham, Bungay, Norfolk, NR35 2HB	£325,000	£315,000	-£10,000	01 Sep 2023	26 Jan 2024	147 Days
5 Millfield Close, Ditchingham, Bungay, Norfolk, NR35 2QJ	£120,000	£110,000	-£10,000	26 Sep 2023	23 Jan 2024	119 Days
Cobblers Cottage, Free Lane, Ditchingham, Bungay, Norfolk, NR35 2DW	£325,000	£306,000	-£19,000	30 Sep 2023	19 Jan 2024	111 Days
Bridge House, Yarmouth Road, Broome, Bungay, Norfolk, NR35 2NZ	£895,000	£870,000	-£25,000	18 Jul 2023	05 Jan 2024	171 Days
6 The Green, Earsham, Bungay, Norfolk, NR35 2SX	£235,000	£205,000	-£30,000	20 May 2023	21 Dec 2023	215 Days
44 Yarmouth Road, Broome, Bungay, Norfolk, NR35 2PE	£695,000	£680,000	-£15,000	01 Jul 2023	20 Dec 2023	172 Days
16 Thomas Bardwell Drive, Bungay, Suffolk, NR35 1SQ	£270,000	£270,000	£00	30 Jun 2023	08 Dec 2023	161 Days
8 Mayfair Road, Bungay, Suffolk, NR35 1SA	£325,000	£323,000	-£2,000	02 Sep 2022	14 Nov 2023	438 Days
42 Kings Road, Bungay, Suffolk, NR35 1RR	£230,000	£220,000	-£10,000	17 Aug 2023	10 Nov 2023	85 Days
18 Fairfield Road, Bungay, Suffolk, NR35 1RY	£220,000	£200,000	-£20,000	24 Jul 2023	25 Oct 2023	93 Days
Laurel House, Chapel Hill, Woodton, Bungay, Norfolk, NR35 2NX	£525,000	£500,000	-£25,000	14 Jun 2023	23 Oct 2023	131 Days
24 Southend Road, Bungay, Suffolk, NR35 1DN	£249,950	£249,950	£00	11 Jul 2023	20 Oct 2023	101 Days
8 Hillside Road East, Bungay, Suffolk, NR35 1JZ	£395,000	£395,000	£00	26 Jun 2023	20 Oct 2023	116 Days

Most Expensive Streets in NR35 (Bungay)

Postcode	Street	Area	Average	No. of Sales
NR35 2PE	Yarmouth Road, Broome	Bungay	£533,437	16
NR35 2DB	School Road, Bedingham	Bungay	£508,333	3
NR35 1HT	Beccles Road	Bungay	£476,666	3
NR35 2BH	Church Road, Topcroft	Bungay	£470,000	3
NR35 1JB	Beccles Road	Bungay	£459,983	3
NR35 2NX	Chapel Hill, Woodton	Bungay	£439,500	4
NR35 2PA	Yarmouth Road, Broome	Bungay	£416,666	3
NR35 2RQ	Tunneys Lane, Ditchingham	Bungay	£414,833	3
NR35 2RW	Sun Road, Broome	Bungay	£414,166	6
NR35 1HQ	Flixton Road	Bungay	£414,166	3

Least Expensive Streets in NR35 (Bungay)

Postcode	Street	Area	Average	No. of Sales
NR35 1DB	Ingleton House, Priory Lane	Bungay	£117,123	4
NR35 2QJ	Millfield Close, Ditchingham	Bungay	£151,000	3
NR35 1EJ	The Maltings	Bungay	£151,785	7
NR35 2UB	The Sidings, Earsham	Bungay	£167,316	3
NR35 1HN	Reeves Close	Bungay	£170,291	6
NR35 2SF	Wild Flower Way, Ditchingham	Bungay	£173,357	7
NR35 1EF	Broad Street	Bungay	£176,200	5
NR35 1JE	Garden Close	Bungay	£180,178	7
NR35 1LH	Waveney Road	Bungay	£183,300	10
NR35 2TX	Church Path, Earsham	Bungay	£187,666	3