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Property Price Trends
Thorpe Road, Norwich, Norfolk
NR1 1RJ Norwich District (B)
What are the historical property price trends?
Explore the yearly trends in property prices for the NR1 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
NR1
Most Expensive Property
£753,982
Hathor 601 Geoffrey Watling Way, NR1 1HF
Sold: 10 May 2022
Cheapest Property
£43,500
40 Prince Of Wales Road, NR1 1LG
Sold: 20 April 2023
£246,000
The average house price in Norwich was £246,000 in November 2024 (provisional), similar to the revised figure for November 2023. Across the East of England, the average house price rose slightly by 2.0% over the same period.
£1,088
Private rents rose to an average of £1,088 in December 2024, an annual increase of 8.7% from £1,001 in December 2023. This was higher than the rise in the East of England (8.4%) over the year.
£222,000
The average price paid by first-time buyers was £222,000 in November 2024 (provisional). This was in line with the average in November 2023 (revised).
£250,000
For homes bought with a mortgage, the average house price was £250,000 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 (Norwich, E07000148). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in NR1 1RJ?
The graph below shows the five-year capital growth figures for properties for the NR1 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 NR1 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 NR1 1RJ
Estimated yield for property investors
5.19%
Yield
The estimated yield for the NR1 1RJ postcode area is 5.19%, 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 NR1 1RJ?
The recently sold properties table lists homes around NR1 1RJ 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 |
|---|---|---|---|---|
| 14 December 2023 | £200,000 | 45 Maidstone Road, Norwich, NR1 1EA | Flat/Maisonette | Leasehold |
| 30 November 2023 | £184,000 | 18 Bertram Way, Norwich, NR1 1EU | Flat/Maisonette | Leasehold |
| 15 December 2023 | £75,600 | Austin House 56 King Street, Norwich, NR1 1FX | Flat/Maisonette | Leasehold |
| 03 November 2023 | £325,000 | 22 Lords Gardens, Norwich, NR1 1FY | Flat/Maisonette | Leasehold |
| 08 March 2024 | £435,000 | Allison Bank 76 Geoffrey Watling Way, Norwich, NR1 1GW | Flat/Maisonette | Leasehold |
| 10 May 2022 | £753,982 | Hathor 601 Geoffrey Watling Way, Norwich, NR1 1HF | Other | Leasehold |
| 18 March 2024 | £230,000 | 87 Carrow Road, Norwich, NR1 1HP | Terraced | Freehold |
| 20 March 2024 | £140,000 | Cavendish Court 100 Recorder Road, Norwich, NR1 1HX | Flat/Maisonette | Leasehold |
| 07 December 2023 | £112,000 | 17 Stuart Gardens, Norwich, NR1 1JG | Flat/Maisonette | Leasehold |
| 07 November 2023 | £141,000 | 47 Ground Floor Flat Hardy Road, Norwich, NR1 1JN | Flat/Maisonette | Leasehold |
| 20 April 2023 | £43,500 | 40 Prince Of Wales Road, Norwich, NR1 1LG | Other | Freehold |
| 23 March 2023 | £498,000 | Howard House King Street, Norwich, NR1 1PH | Detached | Freehold |
| 13 December 2023 | £205,000 | 21 Greyfriars Road, Norwich, NR1 1PR | Flat/Maisonette | Leasehold |
| 23 November 2023 | £135,000 | 19 Paradise Place, Norwich, NR1 1QY | Flat/Maisonette | Leasehold |
| 04 March 2024 | £230,000 | 25 Salisbury Road, Norwich, NR1 1TU | Terraced | Freehold |
| 01 March 2024 | £143,000 | 21 Roseville Close, Norwich, NR1 1UX | Flat/Maisonette | Leasehold |
| 28 February 2024 | £158,000 | 95 Glendenning Road, Norwich, NR1 1YN | Flat/Maisonette | Leasehold |
| 01 March 2024 | £125,000 | 23 Glendenning Road, Norwich, NR1 1YS | Flat/Maisonette | Leasehold |
| 09 November 2023 | £125,000 | 27 Glendenning Road, Norwich, NR1 1YS | Terraced | Leasehold |
| 10 November 2023 | £248,000 | 21 Bracondale Court, Norwich, NR1 2AS | Flat/Maisonette | Leasehold |
| 24 August 2023 | £220,000 | 278 King Street, Norwich, NR1 2BL | Terraced | Freehold |
| 06 May 2022 | £175,000 | Blue Mill 80 Paper Mill Yard, Norwich, NR1 2GG | Flat/Maisonette | Leasehold |
| 24 November 2023 | £219,000 | 8 Cavell Road, Norwich, NR1 2LL | Terraced | Freehold |
| 04 November 2022 | £190,000 | 236 Queens Road, Norwich, NR1 3HG | Terraced | Freehold |
| 30 November 2023 | £117,000 | 13 Gordon Square, Norwich, NR1 3HJ | Flat/Maisonette | Leasehold |
| 11 March 2024 | £265,000 | 12 Farmers Avenue, Norwich, NR1 3JX | Detached | Freehold |
| 23 February 2024 | £132,000 | Sentinel House 21 Surrey Street, Norwich, NR1 3NE | Flat/Maisonette | Leasehold |
| 08 March 2024 | £185,000 | Sentinel House 119 Surrey Street, Norwich, NR1 3NT | Flat/Maisonette | Leasehold |
| 11 November 2023 | £144,000 | The Pavilion 4 St Stephens Road, Norwich, NR1 3SG | Flat/Maisonette | Leasehold |
| 14 December 2023 | £163,500 | The Pavilion 118 St Stephens Road, Norwich, NR1 3SJ | Flat/Maisonette | Leasehold |
| 01 December 2023 | £225,000 | 77 Primrose Road, Norwich, NR1 4AS | Terraced | Freehold |
| 21 July 2023 | £182,000 | 55a Ketts Hill, Norwich, NR1 4EX | Flat/Maisonette | Freehold |
| 14 December 2023 | £280,000 | 1 Samuel Road, Norwich, NR1 4LG | Semi-Detached | Freehold |
| 29 February 2024 | £190,000 | 67 Morse Road, Norwich, NR1 4PN | Semi-Detached | Freehold |
Please note that house prices for properties sold in and around NR1 1RJ 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
