Key indicators for buyers
The NR2 market is moderately favourable for buyers. Prices are rising at 26.0%, which may favour acting sooner rather than later. 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 £404,143 with a 25% deposit (£101k), a 2-year fixed mortgage at 3.97% costs around £1,595 per month.
Monthly cost comparison based on current data
Uses NR2 avg. price with Norwich rental data
Monthly mortgage payments (£1,595) are £451 more than renting (£1,144). However, buying requires an upfront deposit of £101k — it would take around 17 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
219, NORTHUMBERLAND STREET NR2 4EE | Terraced | £210,000 | 22 Jan 2026 |
41, LINCOLN STREET NR2 3JY | Terraced | £295,000 | 22 Jan 2026 |
6, HORSFORD STREET NR2 4LW | Terraced | £205,000 | 22 Jan 2026 |
124, WHITEHALL ROAD NR2 3EW | Semi-detached | £465,000 | 20 Jan 2026 |
27, COPEMAN STREET NR2 1HH | Terraced | £205,000 | 16 Jan 2026 |
9A, HARFORD MANOR CLOSE NR2 2LW | Detached | £410,000 | 16 Jan 2026 |
11, THE PLANTATION NR2 2BU | Semi-detached | £327,500 |
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 NR2 sold for £404,143 in 2026, with a median of £332,500 across 19 transactions. Prices rose 26.0% compared to the previous year.
| 9 Jan 2026 |
105, TRINITY STREET NR2 2BJ | Terraced | £580,000 | 9 Jan 2026 |
101, HIGHLAND ROAD NR2 3NW | Terraced | £287,500 | 9 Jan 2026 |
41, PEMBROKE ROAD NR2 3HD | Terraced | £465,000 | 8 Jan 2026 |
30, WEST PARADE NR2 3DW | Semi-detached | £1,400,000 | 8 Jan 2026 |
38, WARWICK STREET NR2 3LD | Terraced | £305,000 | 7 Jan 2026 |
131, NELSON STREET NR2 4DS | Terraced | £250,000 | 7 Jan 2026 |
38, CHRISTCHURCH ROAD NR2 2AE | Semi-detached | £599,950 | 6 Jan 2026 |
35, PEMBROKE ROAD NR2 3HD | Terraced | £443,000 | 6 Jan 2026 |
144, UNTHANK ROAD NR2 2RS | Terraced | £332,500 | 6 Jan 2026 |
130, GLEBE ROAD NR2 3JQ | Terraced | £391,260 | 6 Jan 2026 |
57, SANDRINGHAM ROAD NR2 3RZ | Terraced | £392,000 | 6 Jan 2026 |
151, SUFFOLK SQUARE NR2 2BW | Flat/Maisonette | £115,000 | 5 Jan 2026 |
21, DOVER STREET NR2 3LG | Terraced | £322,500 | 19 Dec 2025 |
The most recent recorded sale in NR2 was a terraced property on Northumberland Street for £210,000 in January 2026. Across the last 20 sales, the median price was £332,500.