Key indicators for buyers
The NR1 market is moderately favourable for buyers. Prices have softened (-31.6%), which could present a buying opportunity. Affordability has improved from a peak of 7.8x in 2022 to 6.5x today. Rising rents (£1,144/mo, +3.1%) 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 Norwich area
A home in Norwich costs 6.5x the local median salary — moderate, improving from a peak of 7.8x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Norwich area
Average monthly rent in Norwich is £1,144, up 3.1% 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 Norwich price of £164,036 with a 25% deposit (£41k), a 2-year fixed mortgage at 3.97% costs around £647 per month.
Monthly cost comparison based on current data
Uses NR1 avg. price with Norwich rental data
Monthly mortgage payments (£647) are £497 less than renting (£1,144). However, buying requires an upfront deposit of £41k — it would take around 4 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
35, NEWBEGIN ROAD NR1 4PY | Terraced | £232,500 | 28 Jan 2026 |
74, VINCENT ROAD NR1 4HH | Terraced | £223,000 | 23 Jan 2026 |
3, HARFORD STREET NR1 3AY | Terraced | £250,000 | 19 Jan 2026 |
55, VINCENT ROAD NR1 4HQ | Terraced | £250,000 | 15 Jan 2026 |
2, RIVERWAY COURT, 4, RECORDER ROAD NR1 1BP | Flat/Maisonette | £100,000 | 13 Jan 2026 |
FLAT 5, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Flat/Maisonette | £135,000 | 9 Jan 2026 |
FLAT 2, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | 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 NR1 sold for £164,036 in 2026, with a median of £160,000 across 14 transactions. Prices fell 31.6% compared to the previous year.
| £170,000 |
| 9 Jan 2026 |
FLAT 4, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Flat/Maisonette | £105,000 | 9 Jan 2026 |
FLAT 1, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Flat/Maisonette | £175,000 | 9 Jan 2026 |
FLAT 1, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Other | £61,000 | 9 Jan 2026 |
FLAT 7, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Flat/Maisonette | £202,000 | 9 Jan 2026 |
FLAT 3, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Flat/Maisonette | £135,000 | 9 Jan 2026 |
FLAT 6, IVORY HOUSE, ALL SAINTS GREEN NR1 3NB | Flat/Maisonette | £108,000 | 9 Jan 2026 |
26, GRANARY VIEW, PAPER MILL YARD NR1 2GD | Flat/Maisonette | £150,000 | 6 Jan 2026 |
97, ASHMAN BANK, GEOFFREY WATLING WAY NR1 1HB | Flat/Maisonette | £215,000 | 19 Dec 2025 |
4, THE MILL VIEW COTTAGES, BRACONDALE MILLGATE NR1 2FE | Terraced | £428,000 | 19 Dec 2025 |
29, VINCENT ROAD NR1 4HQ | Terraced | £215,000 | 19 Dec 2025 |
30, ELLA ROAD NR1 4BS | Terraced | £212,000 | 19 Dec 2025 |
5, FOX HOUSE, MOUNTERGATE NR1 1FR | Flat/Maisonette | £40,000 | 19 Dec 2025 |
73, ASHMAN BANK, GEOFFREY WATLING WAY NR1 1HB | Flat/Maisonette | £200,000 | 18 Dec 2025 |
The most recent recorded sale in NR1 was a terraced property on Newbegin Road for £232,500 in January 2026. Across the last 20 sales, the median price was £200,000.