Key indicators for buyers
The NR23 market is moderately favourable for buyers. Prices have softened (-47.0%), which could present a buying opportunity. Affordability has improved from a peak of 11.6x in 2021 to 9.3x today. Rising rents (£854/mo, +6.0%) 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 North Norfolk area
A home in North Norfolk costs 9.3x the local median salary — stretched, improving from a peak of 11.6x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider North Norfolk area
Average monthly rent in North Norfolk is £854, up 6.0% 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 North Norfolk price of £274,000 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,081 per month.
Monthly cost comparison based on current data
Uses NR23 avg. price with North Norfolk rental data
Monthly mortgage payments (£1,081) are £227 more than renting (£854). However, buying requires an upfront deposit of £69k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, ELGARS ROW NR23 1AW | Terraced | £274,000 | 5 Jan 2026 |
2, RECTORY CLOSE NR23 1NB | Detached | £600,000 | 9 Dec 2025 |
2, FLINT DRIFT NR23 1UA | Detached | £505,000 | 27 Nov 2025 |
12, RUSSELL CLOSE NR23 1BX | Semi-detached | £440,000 | 25 Nov 2025 |
15, KNITTING NEEDLE LANE NR23 1LN | Terraced | £235,000 | 21 Nov 2025 |
43, CHURCH STREET NR23 1HZ | Other | £407,500 | 3 Nov 2025 |
63, WELLS ROAD, STIFFKEY NR23 1QE | Detached | £680,000 |
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 NR23 sold for £274,000 in 2026, with a median of £274,000 across 1 transactions. Prices fell 47.0% compared to the previous year.
| 29 Oct 2025 |
MILKO BAR, 13, THE QUAY NR23 1AH | Other | £1,375,000 | 24 Oct 2025 |
LONG LANE FARM, WIGHTON NR23 1NU | Other | £700,000 | 16 Oct 2025 |
1, CLAXTONS YARD NR23 1DZ | Detached | £380,000 | 10 Oct 2025 |
FLAT 6, MONTEAGLE, THE BUTTLANDS NR23 1EU | Flat/Maisonette | £200,000 | 8 Oct 2025 |
5, ROSES COURT NR23 1DG | Detached | £590,000 | 2 Oct 2025 |
1, BELDORMA CLOSE NR23 1EE | Detached | £530,000 | 30 Sept 2025 |
1, CROFT YARD NR23 1JS | Detached | £480,000 | 25 Sept 2025 |
20, THE GLEBE NR23 1AZ | Terraced | £410,000 | 15 Sept 2025 |
36, HIGH STREET NR23 1EP | Terraced | £508,000 | 10 Sept 2025 |
26, MARKET LANE NR23 1HJ | Terraced | £225,000 | 29 Aug 2025 |
13, PARK ROAD, WARHAM NR23 1NW | Semi-detached | £360,000 | 22 Aug 2025 |
26, BLUEBELL GARDENS NR23 1JJ | Semi-detached | £443,000 | 21 Aug 2025 |
CREEK COTTAGE, STANDARD ROAD NR23 1JX | Detached | £475,000 | 28 Jul 2025 |
The most recent recorded sale in NR23 was a terraced property on Elgars Row for £274,000 in January 2026. Across the last 20 sales, the median price was £475,000.