Key indicators for buyers
The NR31 market is moderately favourable for buyers. Prices have softened (-13.3%), which could present a buying opportunity. Rising rents (£810/mo, +5.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Great Yarmouth area
A home in Great Yarmouth costs 6.6x the local median salary — moderate, improving from a peak of 7.0x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Great Yarmouth area
Average monthly rent in Great Yarmouth is £810, up 5.3% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Great Yarmouth price of £209,643 with a 25% deposit (£52k), a 2-year fixed mortgage at 3.97% costs around £827 per month.
Monthly cost comparison based on current data
Uses NR31 avg. price with Great Yarmouth rental data
Monthly mortgage payments (£827) are £17 more than renting (£810). However, buying requires an upfront deposit of £52k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
25, WAVENEY ROAD NR31 0LB | Terraced | £80,500 | 23 Jan 2026 |
4, GOFFIN TERRACE, BELTON NR31 9LX | Terraced | £178,000 | 22 Jan 2026 |
78, GRANVILLE ROAD NR31 0BZ | Terraced | £87,000 | 21 Jan 2026 |
11, MANBY ROAD, GORLESTON NR31 0PQ | Terraced | £136,000 | 21 Jan 2026 |
15, CENTURY ROAD NR31 0BS | Terraced | £126,500 | 19 Jan 2026 |
17, SALK ROAD, GORLESTON NR31 7RL | Terraced | £170,000 | 19 Jan 2026 |
15, HEWETT CLOSE, GORLESTON NR31 6EW | Flat/Maisonette |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in NR31 sold for £209,643 in 2026, with a median of £162,000 across 21 transactions. Prices fell 13.3% compared to the previous year.
| £89,500 |
| 19 Jan 2026 |
9, LAVENDER GARDENS, GORLESTON NR31 8BY | Detached | £310,000 | 16 Jan 2026 |
FLAT 1, 20, MILL ROAD NR31 0HS | Flat/Maisonette | £45,000 | 16 Jan 2026 |
11, NELSON ROAD, GORLESTON NR31 6AY | Terraced | £162,000 | 15 Jan 2026 |
73, UPPER CLIFF ROAD, GORLESTON NR31 6AJ | Semi-detached | £155,000 | 12 Jan 2026 |
2, DOCK TAVERN LANE, GORLESTON NR31 6PY | Terraced | £180,000 | 12 Jan 2026 |
13, YALLOP AVENUE, GORLESTON NR31 6HA | Detached | £473,000 | 12 Jan 2026 |
16, NILE ROAD, GORLESTON NR31 6AS | Terraced | £148,000 | 9 Jan 2026 |
5, PIGHTLE CLOSE, BRADWELL NR31 8TT | Terraced | £200,000 | 9 Jan 2026 |
31, CHESTNUT AVENUE, BRADWELL NR31 8PL | Semi-detached | £230,000 | 9 Jan 2026 |
75, HIGH STREET, GORLESTON NR31 6RQ | Terraced | £82,000 | 9 Jan 2026 |
71, WOLSELEY ROAD NR31 0EN | Terraced | £115,000 | 8 Jan 2026 |
52 - 54, STATION ROAD SOUTH, BELTON NR31 9AA | Detached | £415,000 | 8 Jan 2026 |
49, BUXTON AVENUE, GORLESTON NR31 6HF | Detached | £510,000 | 7 Jan 2026 |
The most recent recorded sale in NR31 was a terraced property on Waveney Road for £80,500 in January 2026. Across the last 20 sales, the median price was £162,000.