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Property Price Trends
Welborne, Norfolk
NR20 3LQ South Norfolk District
What are the historical property price trends?
Explore the yearly trends in property prices for the NR20 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
NR20
Most Expensive Property
£1,300,000
The Old Rectory NR20 5QJ
Sold: 09 November 2022
Cheapest Property
£129,000
47 Gordon Road, NR20 4AW
Sold: 30 October 2023
£325,000
The average house price in South Norfolk was £325,000 in November 2024 (provisional), up 5.7% from November 2023. This was higher than the rise in the East of England (2.0%) over the same period.
£917
Private rents rose to an average of £917 in December 2024, an annual increase of 6.7% from £859 in December 2023. This was lower than the rise in the East of England (8.4%) over the year.
£271,000
The average price paid by first-time buyers was £271,000 in November 2024 (provisional). This was 7.1% higher than the average of £253,000 in November 2023 (revised).
£329,000
For homes bought with a mortgage, the average house price was £329,000 in November 2024 (provisional). This was 6.2% higher than the average of £309,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (South Norfolk, E07000149). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in NR20 3LQ?
The graph below shows the five-year capital growth figures for properties for the NR20 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 NR20 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 shown steady growth in recent years. As of the latest data, the average house price in Norfolk is £250,000, with popular areas such as Norwich (NR1) seeing an increase in property values by 5% compared to the previous year. Availability of housing stock is relatively high in Norfolk, with a variety of properties ranging from period homes in Diss (IP22) to modern apartments in Great Yarmouth (NR30). The popularity of Norfolk as a location for homebuyers has been increasing, particularly for families looking for a quieter lifestyle in towns like Thetford (IP24) and Dereham (NR19).
Renters
Rent prices in Norfolk have seen a slight increase in recent years, with the average monthly rent for a two-bedroom property being £800. Areas such as King's Lynn (PE30) and Fakenham (NR21) have shown a rise in rental prices due to high demand and limited availability of rental properties. The rental market in Norfolk caters to a wide range of tenants, from students looking for affordable accommodation in Norwich to professionals seeking luxury apartments in Cromer (NR27). Overall, Norfolk offers a range of rental options, but competition can be fierce in desirable areas.
Investors
For investors in Norfolk, the property market presents opportunities for both rental yield and capital growth. With average rental yields of 4-5%, areas like Thetford (IP24) and Great Yarmouth (NR30) offer attractive returns for buy-to-let investors. The demand for rental properties in Norfolk is high, making it a profitable market for investors looking to expand their portfolios. In terms of capital growth, areas such as Costessey (NR8) and Wymondham (NR18) have seen an increase in property values, making them attractive options for long-term investment. Overall, Norfolk provides a diverse range of investment opportunities for property investors.
Homebuyers
For homebuyers in Norfolk, the property market has shown steady growth in recent years. As of the latest data, the average house price in Norfolk is £250,000, with popular areas such as Norwich (NR1) seeing an increase in property values by 5% compared to the previous year. Availability of housing stock is relatively high in Norfolk, with a variety of properties ranging from period homes in Diss (IP22) to modern apartments in Great Yarmouth (NR30). The popularity of Norfolk as a location for homebuyers has been increasing, particularly for families looking for a quieter lifestyle in towns like Thetford (IP24) and Dereham (NR19).
Renters
Rent prices in Norfolk have seen a slight increase in recent years, with the average monthly rent for a two-bedroom property being £800. Areas such as King's Lynn (PE30) and Fakenham (NR21) have shown a rise in rental prices due to high demand and limited availability of rental properties. The rental market in Norfolk caters to a wide range of tenants, from students looking for affordable accommodation in Norwich to professionals seeking luxury apartments in Cromer (NR27). Overall, Norfolk offers a range of rental options, but competition can be fierce in desirable areas.
Investors
For investors in Norfolk, the property market presents opportunities for both rental yield and capital growth. With average rental yields of 4-5%, areas like Thetford (IP24) and Great Yarmouth (NR30) offer attractive returns for buy-to-let investors. The demand for rental properties in Norfolk is high, making it a profitable market for investors looking to expand their portfolios. In terms of capital growth, areas such as Costessey (NR8) and Wymondham (NR18) have seen an increase in property values, making them attractive options for long-term investment. Overall, Norfolk provides a diverse range of investment opportunities for property investors.
Last updated on 31 May 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 NR20 3LQ
Estimated yield for property investors
2.39%
Yield
The estimated yield for the NR20 3LQ postcode area is 2.39%, 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 NR20 3LQ?
The recently sold properties table lists homes around NR20 3LQ 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 |
|---|---|---|---|---|
| 12 December 2023 | £162,000 | 20 Norwich Road, Dereham, NR20 3AE | Terraced | Freehold |
| 27 May 2022 | £210,000 | 104 Norwich Road, Dereham, NR20 3AR | Semi-Detached | Freehold |
| 06 March 2024 | £655,000 | Riverview Cottage Mill Street, Elsing, Dereham, NR20 3EJ | Detached | Freehold |
| 17 November 2023 | £212,500 | 28 Bishop Herbert Close, Hockering, Dereham, NR20 3HS | Semi-Detached | Freehold |
| 23 August 2023 | £200,000 | Orchard Cottage Common Road, Welborne, Dereham, NR20 3LE | Detached | Freehold |
| 07 March 2024 | £262,500 | 31 Mill Street, Mattishall, Dereham, NR20 3QG | Detached | Freehold |
| 18 December 2023 | £550,000 | Walnut Tree House Watercress Lane, Mattishall, Dereham, NR20 3RJ | Detached | Freehold |
| 25 May 2021 | £300,000 | Spruce House Mill Road, Mattishall, Dereham, NR20 3RL | Other | Freehold |
| 02 December 2022 | £765,000 | Silver Birches Mill Road, Mattishall, Dereham, NR20 3RL | Detached | Freehold |
| 01 December 2022 | £700,000 | Spruce House Mill Road, Mattishall, Dereham, NR20 3RL | Detached | Freehold |
| 15 November 2022 | £468,000 | 11 Forge Close, Mattishall, Dereham, NR20 3WA | Detached | Freehold |
| 30 October 2023 | £129,000 | 47 Gordon Road, Dereham, NR20 4AW | Semi-Detached | Freehold |
| 08 March 2024 | £265,000 | 13 Swanton Drive, Dereham, NR20 4DW | Detached | Freehold |
| 23 February 2024 | £162,000 | 8 Lawrence Place, Foxley, Dereham, NR20 4QW | Semi-Detached | Freehold |
| 06 March 2024 | £567,250 | 2 Home Farm Close, Swanton Morley, Dereham, NR20 4TR | Detached | Freehold |
| 02 February 2024 | £218,000 | 3 Malthouse Court, Dereham, NR20 4UA | Semi-Detached | Freehold |
| 02 August 2023 | £450,000 | 95a The Street, Hindolveston, Dereham, NR20 5DD | Detached | Freehold |
| 15 March 2024 | £425,000 | 56a The Street, Hindolveston, Dereham, NR20 5DF | Detached | Freehold |
| 07 December 2023 | £272,500 | 9 Cedar Close, North Elmham, Dereham, NR20 5JN | Detached | Freehold |
| 03 August 2007 | £575,000 | The Old Rectory Annexe Guestwick, Dereham, NR20 5QJ | Detached | Freehold |
| 09 November 2022 | £1,300,000 | The Old Rectory Guestwick, Dereham, NR20 5QJ | Other | Freehold |
| 13 December 2023 | £360,000 | Wallis House Dereham Road, Whissonsett, Dereham, NR20 5TQ | Detached | Freehold |
Please note that house prices for properties sold in and around NR20 3LQ 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
