Key indicators for buyers
The NR3 market is moderately favourable for buyers. 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 £221,804 with a 25% deposit (£55k), a 2-year fixed mortgage at 3.97% costs around £875 per month.
Monthly cost comparison based on current data
Uses NR3 avg. price with Norwich rental data
Monthly mortgage payments (£875) are £269 less than renting (£1,144). However, buying requires an upfront deposit of £55k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
44, APPLEYARD CRESCENT NR3 2QW | Semi-detached | £150,000 | 28 Jan 2026 |
2E, SPROWSTON ROAD NR3 4QN | Flat/Maisonette | £127,500 | 21 Jan 2026 |
6, BEACONSFIELD ROAD NR3 4PW | Terraced | £197,250 | 20 Jan 2026 |
4, LIME KILN MEWS NR3 2ET | Semi-detached | £290,000 | 20 Jan 2026 |
35, BUXTON ROAD NR3 3HH | Terraced | £335,000 | 16 Jan 2026 |
68, CHURCHILL ROAD NR3 4PY | Terraced | £230,000 | 16 Jan 2026 |
38, GUERNSEY ROAD NR3 1JJ | Terraced | £228,000 |
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 NR3 sold for £221,804 in 2026, with a median of £221,500 across 14 transactions. Prices rose 0.7% compared to the previous year.
| 16 Jan 2026 |
7, LILBURNE AVENUE NR3 3NZ | Semi-detached | £215,000 | 15 Jan 2026 |
14, TEMPLEMERE NR3 4EF | Flat/Maisonette | £160,000 | 8 Jan 2026 |
18 PARK HOUSE COURT, OAK LANE NR3 3QJ | Terraced | £125,000 | 7 Jan 2026 |
31, GUERNSEY ROAD NR3 1JJ | Terraced | £240,000 | 5 Jan 2026 |
128, MARLBOROUGH ROAD NR3 4PJ | Terraced | £235,000 | 5 Jan 2026 |
46, CLABON ROAD NR3 4HG | Semi-detached | £400,000 | 5 Jan 2026 |
46, TEMPLEMERE NR3 4EF | Flat/Maisonette | £172,500 | 5 Jan 2026 |
59, TEMPLEMERE NR3 4EG | Flat/Maisonette | £130,000 | 22 Dec 2025 |
1, HALF MILE ROAD NR3 2RD | Semi-detached | £115,000 | 22 Dec 2025 |
22, CHARLTON ROAD NR3 1TF | Flat/Maisonette | £142,000 | 19 Dec 2025 |
203B, SILVER ROAD NR3 4TL | Flat/Maisonette | £134,000 | 19 Dec 2025 |
4, SPROWSTON ROAD NR3 4QN | Terraced | £178,000 | 19 Dec 2025 |
182, BEACONSFIELD ROAD NR3 4PP | Terraced | £205,000 | 19 Dec 2025 |
The most recent recorded sale in NR3 was a semi-detached property on Appleyard Crescent for £150,000 in January 2026. Across the last 20 sales, the median price was £197,250.