Key indicators for buyers
The IP21 market is moderately favourable for buyers. Prices have softened (-13.9%), 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 £343,750 with a 25% deposit (£86k), a 2-year fixed mortgage at 3.97% costs around £1,357 per month.
Monthly cost comparison based on current data
Uses IP21 avg. price with South Norfolk rental data
Monthly mortgage payments (£1,357) are £394 more than renting (£963). However, buying requires an upfront deposit of £86k — 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 |
|---|---|---|---|
2, CHURCH COTTAGE, CHURCH ROAD, WILBY IP21 5LE | Semi-detached | £290,000 | 28 Jan 2026 |
2, NORTH FARM COTTAGES, KEMPS ROAD, PULHAM ST MARY IP21 4YH | Semi-detached | £230,000 | 16 Jan 2026 |
8, THE TERRACE, NORWICH ROAD, SCOLE IP21 4DY | Terraced | £225,000 | 9 Jan 2026 |
WAVENEY HOUSE, LOWER STREET, BILLINGFORD IP21 4HL | Detached | £630,000 | 5 Jan 2026 |
MULBERRY HOUSE, HOXNE ROAD, DENHAM IP21 5DF | Detached | £520,000 | 19 Dec 2025 |
5, HECKFIELD GREEN, HOXNE IP21 5AF | Detached | £425,000 | 18 Dec 2025 |
VINEYARD COTTAGE, MILL LANE, PULHAM MARKET |
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 IP21 sold for £343,750 in 2026, with a median of £260,000 across 4 transactions. Prices fell 13.9% compared to the previous year.
| Detached |
| £535,000 |
| 10 Dec 2025 |
THE HAWTHORNS, VICARAGE ROAD, WINGFIELD IP21 5RB | Detached | £635,000 | 10 Dec 2025 |
COTSWOLD COTTAGE, OLD BURY ROAD, STUSTON IP21 4AD | Detached | £450,000 | 9 Dec 2025 |
THE SCHOOL MASTERS HOUSE, STATION ROAD, PULHAM ST MARY IP21 4QT | Detached | £365,000 | 9 Dec 2025 |
44, LOW STREET, HOXNE IP21 5AS | Semi-detached | £132,000 | 9 Dec 2025 |
44, LOW STREET, HOXNE IP21 5AS | Semi-detached | £132,000 | 9 Dec 2025 |
3, MILL CLOSE, PULHAM MARKET IP21 4TQ | Semi-detached | £225,000 | 4 Dec 2025 |
THE OLD BAKERY, THE STREET, DICKLEBURGH IP21 4NQ | Other | £435,000 | 4 Dec 2025 |
5, THE PADDOCKS, STRADBROKE IP21 5HE | Detached | £350,000 | 4 Dec 2025 |
6, THE PADDOCKS, STRADBROKE IP21 5HE | Detached | £383,200 | 1 Dec 2025 |
HILL FARM, POPPYS LANE, PULHAM MARKET IP21 4YL | Detached | £695,000 | 28 Nov 2025 |
27, LIMMER AVENUE, DICKLEBURGH IP21 4PP | Semi-detached | £222,500 | 28 Nov 2025 |
145, BURSTON ROAD, DICKLEBURGH IP21 4NP | Detached | £475,000 | 28 Nov 2025 |
ROSE FARM, ATHELINGTON ROAD, HORHAM IP21 5EG | Detached | £1,125,000 | 24 Nov 2025 |
The most recent recorded sale in IP21 was a semi-detached property on Church Road for £290,000 in January 2026. Across the last 20 sales, the median price was £425,000.