Key indicators for buyers
The NR4 market is moderately favourable for buyers. Prices are rising at 42.2%, 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 £515,200 with a 25% deposit (£129k), a 2-year fixed mortgage at 3.97% costs around £2,033 per month.
Monthly cost comparison based on current data
Uses NR4 avg. price with Norwich rental data
Monthly mortgage payments (£2,033) are £889 more than renting (£1,144). However, buying requires an upfront deposit of £129k — it would take around 32 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
6, LEOPOLD ROAD NR4 7AD | Semi-detached | £542,000 | 26 Jan 2026 |
60, WALDECK ROAD NR4 7PQ | Terraced | £250,000 | 21 Jan 2026 |
363, UNTHANK ROAD NR4 7QG | Detached | £1,077,000 | 20 Jan 2026 |
3, TULIP GARDENS, CRINGLEFORD NR4 7JY | Detached | £475,000 | 12 Jan 2026 |
63, WOOLHOUSE WAY, CRINGLEFORD NR4 7FX | Detached | £570,000 | 9 Jan 2026 |
26, BUCKINGHAM ROAD NR4 7DQ | Semi-detached | £305,000 | 8 Jan 2026 |
11, SIDELL CLOSE, CRINGLEFORD NR4 6XP | Detached |
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 NR4 sold for £515,200 in 2026, with a median of £454,000 across 10 transactions. Prices rose 42.2% compared to the previous year.
| £390,000 |
| 7 Jan 2026 |
3, EDENHURST CLOSE NR4 7QT | Detached | £880,000 | 6 Jan 2026 |
34, LEOPOLD ROAD NR4 7PJ | Terraced | £230,000 | 6 Jan 2026 |
13, WELSFORD ROAD NR4 6QA | Detached | £433,000 | 6 Jan 2026 |
43, AMDERLEY DRIVE NR4 6HZ | Terraced | £235,000 | 19 Dec 2025 |
49, WAKEHURST CLOSE NR4 6JL | Semi-detached | £252,000 | 19 Dec 2025 |
18, EBBISHAM DRIVE NR4 6HN | Detached | £425,000 | 19 Dec 2025 |
4, DAISY HILL COURT, WESTFIELD VIEW NR4 7FL | Flat/Maisonette | £375,000 | 19 Dec 2025 |
40, FAIRFAX ROAD NR4 7EZ | Flat/Maisonette | £190,000 | 19 Dec 2025 |
48, ALMOND DRIVE, CRINGLEFORD NR4 7SJ | Detached | £390,000 | 18 Dec 2025 |
5, KIRKLEES NR4 6LP | Flat/Maisonette | £150,000 | 17 Dec 2025 |
74, BUCKINGHAM ROAD NR4 7DQ | Terraced | £240,000 | 17 Dec 2025 |
10, WREN CLOSE NR4 7NR | Detached | £342,000 | 16 Dec 2025 |
30, VIOLET ELVIN COURT NR4 7JH | Terraced | £162,000 | 16 Dec 2025 |
The most recent recorded sale in NR4 was a semi-detached property on Leopold Road for £542,000 in January 2026. Across the last 20 sales, the median price was £375,000.