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Property Price Trends
Main Street, Hockwold Cum Wilton, Thetford, Norfolk
IP26 4NB King's Lynn and West Norfolk District (B)
What are the historical property price trends?
Explore the yearly trends in property prices for the IP26 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
IP26
Most Expensive Property
£787,500
Highview, 54 Ashburton Road, IP26 5JA
Sold: 06 January 2023
Cheapest Property
£50,000
Coal Yard Plot 1 Thetford Road, IP26 5LW
Sold: 01 December 2023
£268,000
The average house price in King's Lynn and West Norfolk was £268,000 in November 2024 (provisional), down slightly 1.1% from November 2023. Across the East of England, the average house price rose slightly by 2.0% over the same period.
£872
Private rents rose to an average of £872 in December 2024, an annual increase of 10.3% from £791 in December 2023. This was higher than the rise in the East of England (8.4%) over the year.
£228,000
The average price paid by first-time buyers was £228,000 in November 2024 (provisional). This was in line with the average in November 2023 (revised).
£266,000
For homes bought with a mortgage, the average house price was £266,000 in November 2024 (provisional). This was similar to the average in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (King's Lynn and West Norfolk, E07000146). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in IP26 4NB?
The graph below shows the five-year capital growth figures for properties for the IP26 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in IP26 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Norfolk?
Homebuyers
For homebuyers in Norfolk, the property market has been experiencing steady growth in house prices over the past few years. According to the latest data, the average house price in Norfolk is currently around £280,000. Areas such as Norwich (NR1, NR2, NR3) and King's Lynn (PE30, PE31) are particularly popular among homebuyers due to their convenient location and amenities. However, availability of housing stock in these areas is relatively low, leading to increased competition among buyers. It is important for homebuyers to act quickly and be prepared to make competitive offers in order to secure their desired property. Overall, Norfolk continues to be a desirable location for homebuyers looking for a mix of urban and rural living.
Renters
Rent prices in Norfolk have been steadily increasing in line with house price trends. The average monthly rent for a property in Norfolk is currently around £800. Areas such as Great Yarmouth (NR30, NR31) and Dereham (NR19) are popular among renters due to their affordability and proximity to amenities. However, availability of rental properties in these areas is limited, leading to high demand and competition among renters. It is important for renters to be proactive in their search and to consider expanding their options to other areas within Norfolk. Overall, Norfolk offers a range of rental options for tenants looking for both urban and rural living experiences.
Investors
For investors looking to capitalize on the property market in Norfolk, there are a number of opportunities available. The average rental yield in Norfolk is currently around 4%, making it an attractive option for buy-to-let investors. Areas such as Thetford (IP24, IP25) and Wymondham (NR18) offer good potential for rental income due to their growing rental demand and limited supply of properties. Additionally, house price growth in Norfolk has been steady, providing good potential for long-term capital growth. Investors should consider diversifying their portfolio across different areas within Norfolk to maximize their returns. Overall, Norfolk offers a promising investment opportunity for property investors seeking both rental income and capital growth.
Homebuyers
For homebuyers in Norfolk, the property market has been experiencing steady growth in house prices over the past few years. According to the latest data, the average house price in Norfolk is currently around £280,000. Areas such as Norwich (NR1, NR2, NR3) and King's Lynn (PE30, PE31) are particularly popular among homebuyers due to their convenient location and amenities. However, availability of housing stock in these areas is relatively low, leading to increased competition among buyers. It is important for homebuyers to act quickly and be prepared to make competitive offers in order to secure their desired property. Overall, Norfolk continues to be a desirable location for homebuyers looking for a mix of urban and rural living.
Renters
Rent prices in Norfolk have been steadily increasing in line with house price trends. The average monthly rent for a property in Norfolk is currently around £800. Areas such as Great Yarmouth (NR30, NR31) and Dereham (NR19) are popular among renters due to their affordability and proximity to amenities. However, availability of rental properties in these areas is limited, leading to high demand and competition among renters. It is important for renters to be proactive in their search and to consider expanding their options to other areas within Norfolk. Overall, Norfolk offers a range of rental options for tenants looking for both urban and rural living experiences.
Investors
For investors looking to capitalize on the property market in Norfolk, there are a number of opportunities available. The average rental yield in Norfolk is currently around 4%, making it an attractive option for buy-to-let investors. Areas such as Thetford (IP24, IP25) and Wymondham (NR18) offer good potential for rental income due to their growing rental demand and limited supply of properties. Additionally, house price growth in Norfolk has been steady, providing good potential for long-term capital growth. Investors should consider diversifying their portfolio across different areas within Norfolk to maximize their returns. Overall, Norfolk offers a promising investment opportunity for property investors seeking both rental income and capital growth.
Last updated on 31 Mar 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for IP26 4NB
Estimated yield for property investors
3.33%
Yield
The estimated yield for the IP26 4NB postcode area is 3.33%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in IP26 4NB?
The recently sold properties table lists homes around IP26 4NB that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 01 March 2024 | £141,700 | 14 Munsons Lane, Feltwell, Thetford, IP26 4DE | Semi-Detached | Freehold |
| 04 March 2024 | £315,000 | 131 Main Street, Hockwold, Thetford, IP26 4LX | Detached | Freehold |
| 30 June 2023 | £290,000 | 24 Crown Street, Methwold, Thetford, IP26 4NR | Semi-Detached | Freehold |
| 11 October 2023 | £314,000 | The Barn Of Arches Hall Farm Drive, Methwold, Thetford, IP26 4PN | Other | Freehold |
| 07 July 2023 | £405,000 | 3 Church View Road, Methwold, Thetford, IP26 4PT | Detached | Freehold |
| 01 September 2023 | £277,500 | 1 Church View Road, Methwold, Thetford, IP26 4PT | Semi-Detached | Freehold |
| 24 March 2023 | £260,000 | 11 Church View Road, Methwold, Thetford, IP26 4PT | Semi-Detached | Freehold |
| 31 March 2023 | £265,000 | 7 Church View Road, Methwold, Thetford, IP26 4PT | Semi-Detached | Freehold |
| 04 May 2023 | £270,000 | 17 Church View Road, Methwold, Thetford, IP26 4PT | Semi-Detached | Freehold |
| 28 February 2023 | £322,500 | 9 Ventura Close, Methwold, Thetford, IP26 4QQ | Detached | Freehold |
| 21 December 2022 | £235,000 | 2 De Warrene Court, Methwold, Thetford, IP26 4RT | Semi-Detached | Freehold |
| 16 September 2022 | £485,000 | Old School House Westgate Street, Hilborough, Thetford, IP26 5BN | Semi-Detached | Freehold |
| 20 December 2023 | £118,500 | 68 Fir Close, Mundford, Thetford, IP26 5EE | Semi-Detached | Freehold |
| 20 July 2023 | £129,000 | 76 Fir Close, Mundford, Thetford, IP26 5EE | Semi-Detached | Freehold |
| 20 August 2020 | £240,000 | Puddle Duck Lodge, 52 Ashburton Road, Ickburgh, Thetford, IP26 5JA | Other | Freehold |
| 24 November 2023 | £580,000 | 38 Ashburton Road, Ickburgh, Thetford, IP26 5JA | Detached | Freehold |
| 06 January 2023 | £787,500 | Highview, 54 Ashburton Road, Ickburgh, Thetford, IP26 5JA | Detached | Freehold |
| 08 December 2023 | £345,000 | Dalebanks, 1 West Park Farm Close, Ickburgh, Thetford, IP26 5JX | Detached | Freehold |
| 17 November 2022 | £307,500 | Old Bakery Cottages 3 West End, Northwold, Thetford, IP26 5LE | Detached | Freehold |
| 03 March 2023 | £390,000 | 33 West End, Northwold, Thetford, IP26 5LE | Detached | Freehold |
| 01 December 2023 | £50,000 | Coal Yard Plot 1 Thetford Road, Northwold, Thetford, IP26 5LW | Other | Freehold |
| 01 December 2023 | £50,000 | Coal Yard Plot 2 Thetford Road, Northwold, Thetford, IP26 5LW | Other | Freehold |
| 09 February 2024 | £195,000 | Lavender Court 2 High Street, Northwold, Thetford, IP26 5NT | Terraced | Freehold |
Please note that house prices for properties sold in and around IP26 4NB during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
