Key indicators for buyers
The IP20 market is moderately favourable for buyers. Prices have softened (-15.5%), which could present a buying opportunity. Affordability has improved from a peak of 9.5x in 2022 to 8.1x today. Rising rents (£963/mo, +4.7%) 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 South Norfolk area
A home in South Norfolk costs 8.1x the local median salary — stretched, improving from a peak of 9.5x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider South Norfolk area
Average monthly rent in South Norfolk is £963, up 4.7% 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 South Norfolk price of £275,333 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,087 per month.
Monthly cost comparison based on current data
Uses IP20 avg. price with South Norfolk rental data
Monthly mortgage payments (£1,087) are £124 more than renting (£963). However, buying requires an upfront deposit of £69k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
1, HARVEST WAY IP20 9GE | Terraced | £215,000 | 16 Jan 2026 |
25, CHERRYWOOD IP20 9LP | Detached | £365,000 | 9 Jan 2026 |
17, CHAPELFIELD, DENTON IP20 0BE | Semi-detached | £246,000 | 5 Jan 2026 |
49, BRIAR ROAD IP20 9HT | Terraced | £205,000 | 19 Dec 2025 |
62, CRANES MEADOW IP20 9BY | Detached | £240,000 | 19 Dec 2025 |
12, MALTHOUSE COURT IP20 9BU | Terraced | £155,000 | 18 Dec 2025 |
23, GAWDY CLOSE IP20 9ET | Detached | £350,000 |
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 IP20 sold for £275,333 in 2026, with a median of £246,000 across 3 transactions. Prices fell 15.5% compared to the previous year.
| 18 Dec 2025 |
165, BULLFINCH DRIVE IP20 9FE | Terraced | £190,000 | 18 Dec 2025 |
FLAT 2, 6, MARKET PLACE IP20 9AD | Flat/Maisonette | £138,000 | 18 Dec 2025 |
87, HIGH ROAD, NEEDHAM IP20 9LB | Terraced | £295,000 | 12 Dec 2025 |
12, OLD MARKET PLACE IP20 9BE | Semi-detached | £200,000 | 12 Dec 2025 |
6, ST JOHNS MEADOW, METFIELD IP20 0LY | Semi-detached | £190,000 | 12 Dec 2025 |
20, HIGH ROAD, WORTWELL IP20 0HH | Semi-detached | £192,500 | 5 Dec 2025 |
125, HIGH ROAD, WORTWELL IP20 0EN | Detached | £467,500 | 3 Dec 2025 |
2, GREEN PARK IP20 9DT | Semi-detached | £335,000 | 3 Dec 2025 |
MICRON HOUSE, LONDON ROAD IP20 9BH | Other | £195,000 | 24 Nov 2025 |
40, MENDHAM LANE IP20 9DN | Semi-detached | £290,000 | 21 Nov 2025 |
54, HARVEST WAY IP20 9GD | Semi-detached | £235,000 | 21 Nov 2025 |
45, SCHOOL LANE IP20 9HG | Detached | £222,500 | 21 Nov 2025 |
4, HUNT CLOSE IP20 9JB | Semi-detached | £188,500 | 20 Nov 2025 |
The most recent recorded sale in IP20 was a terraced property on Harvest Way for £215,000 in January 2026. Across the last 20 sales, the median price was £222,500.