Key indicators for buyers
The NR5 market is moderately favourable for buyers. Prices have softened (-12.7%), 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 £224,833 with a 25% deposit (£56k), a 2-year fixed mortgage at 3.97% costs around £887 per month.
Monthly cost comparison based on current data
Uses NR5 avg. price with Norwich rental data
Monthly mortgage payments (£887) are £257 less than renting (£1,144). However, buying requires an upfront deposit of £56k — 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 |
|---|---|---|---|
45, LORD NELSON DRIVE NR5 0UF | Terraced | £270,000 | 23 Jan 2026 |
1, RACHEL CLOSE NR5 8JF | Semi-detached | £200,000 | 21 Jan 2026 |
2, HILLVUE CLOSE NR5 0NQ | Detached | £178,000 | 20 Jan 2026 |
19, BRECKLAND ROAD NR5 0RW | Semi-detached | £294,000 | 16 Jan 2026 |
79, SWAFIELD STREET NR5 9EA | Semi-detached | £200,000 | 16 Jan 2026 |
144, BEECHENO ROAD NR5 8TP | Terraced | £207,000 | 5 Jan 2026 |
22, THURSTON CLOSE NR5 9LS | Semi-detached | £212,000 |
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 NR5 sold for £224,833 in 2026, with a median of £203,500 across 6 transactions. Prices fell 12.7% compared to the previous year.
| 22 Dec 2025 |
24, LEEWOOD CRESCENT NR5 0DA | Terraced | £195,000 | 19 Dec 2025 |
13, ASCENSION AVENUE NR5 0WH | Detached | £280,000 | 19 Dec 2025 |
242, JEX ROAD NR5 8XJ | Detached | £218,000 | 19 Dec 2025 |
25, KNOWLAND GROVE NR5 8YJ | Terraced | £210,000 | 19 Dec 2025 |
2, BRITANNIA WAY NR5 0UT | Detached | £431,000 | 18 Dec 2025 |
6, RIMER CLOSE NR5 9HZ | Terraced | £203,000 | 18 Dec 2025 |
35, FRESHER MEWS NR5 9HF | Terraced | £220,000 | 16 Dec 2025 |
30, TOLYE ROAD NR5 9PR | Flat/Maisonette | £158,000 | 16 Dec 2025 |
9, SKYE CLOSE NR5 9DL | Detached | £245,000 | 15 Dec 2025 |
73, GURNEY ROAD, NEW COSTESSEY NR5 0HL | Semi-detached | £295,000 | 15 Dec 2025 |
111A, NORWICH ROAD NR5 0LF | Detached | £326,000 | 15 Dec 2025 |
31, COLOSSUS WAY NR5 0UY | Detached | £260,000 | 12 Dec 2025 |
17, LARKMAN LANE NR5 8TZ | Detached | £350,000 | 12 Dec 2025 |
The most recent recorded sale in NR5 was a terraced property on Lord Nelson Drive for £270,000 in January 2026. Across the last 20 sales, the median price was £220,000.