Key indicators for buyers
The NR18 market is moderately favourable for buyers. Prices have softened (-28.8%), 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 £233,750 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £922 per month.
Monthly cost comparison based on current data
Uses NR18 avg. price with South Norfolk rental data
Monthly mortgage payments (£922) are £41 less than renting (£963). However, buying requires an upfront deposit of £58k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
46, HIGH HOUSE AVENUE NR18 0JN | Detached | £195,000 | 19 Jan 2026 |
13, AVOCET WAY NR18 9FE | Terraced | £307,500 | 16 Jan 2026 |
25, LIME TREE CLOSE NR18 0TN | Semi-detached | £200,000 | 16 Jan 2026 |
7, MELTON CLOSE NR18 0JW | Terraced | £210,000 | 9 Jan 2026 |
9, RUSTENS MANOR ROAD NR18 0NE | Detached | £295,000 | 9 Jan 2026 |
57, ROTHBURY ROAD NR18 0PD | Semi-detached | £180,000 | 9 Jan 2026 |
12, BEECH CLOSE NR18 0HW | Terraced | £217,500 |
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 NR18 sold for £233,750 in 2026, with a median of £213,750 across 8 transactions. Prices fell 28.8% compared to the previous year.
| 5 Jan 2026 |
16, SHEPPARD DROVE NR18 0GT | Terraced | £265,000 | 2 Jan 2026 |
79, ASHLEIGH GARDENS NR18 0EY | Semi-detached | £435,000 | 19 Dec 2025 |
7, PALM CLOSE NR18 0TZ | Semi-detached | £232,000 | 19 Dec 2025 |
163, ORCHARD WAY NR18 0NZ | Semi-detached | £180,000 | 19 Dec 2025 |
254, NORWICH ROAD NR18 0YT | Detached | £590,000 | 19 Dec 2025 |
2, FAIRLAND COURT, FAIRLAND STREET NR18 0JS | Flat/Maisonette | £155,000 | 19 Dec 2025 |
76, SHEFFIELD ROAD NR18 0HT | Semi-detached | £260,000 | 18 Dec 2025 |
47, LIME TREE AVENUE NR18 0TQ | Detached | £190,000 | 18 Dec 2025 |
6, MAGPIE PLACE NR18 9FR | Semi-detached | £220,000 | 17 Dec 2025 |
10, BAINARDS CLOSE NR18 0TS | Terraced | £212,500 | 16 Dec 2025 |
2, SUTTON DRIVE NR18 0YP | Detached | £485,000 | 16 Dec 2025 |
47, ALBINI WAY NR18 0UE | Semi-detached | £264,980 | 16 Dec 2025 |
2, NIGHTINGALE AVENUE NR18 9EF | Detached | £415,000 | 16 Dec 2025 |
The most recent recorded sale in NR18 was a detached property on High House Avenue for £195,000 in January 2026. Across the last 20 sales, the median price was £232,000.