Market outlook for NR20
Key indicators for buyers
The NR20 market is moderately favourable for buyers. Prices have softened (-5.9%), which could present a buying opportunity. Affordability has improved from a peak of 9.5x in 2021 to 7.9x today. Rising rents (£905/mo, +5.9%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Breckland area
A home in Breckland costs 7.9x the local median salary — moderate, improving from a peak of 9.5x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Breckland area
Average monthly rent in Breckland is £905, up 5.9% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Breckland price of £354,400 with a 25% deposit (£89k), a 2-year fixed mortgage at 3.97% costs around £1,399 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses NR20 avg. price with Breckland rental data
Monthly mortgage payments (£1,399) are £494 more than renting (£905). However, buying requires an upfront deposit of £89k — it would take around 21 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
3A, THE STREET, BINTREE NR20 5AH | Detached | £308,000 | 27 Jan 2026 |
THE VINERIES, HALL LANE, WOOD NORTON NR20 5BE | Detached | £765,000 | 21 Jan 2026 |
15, CLAYPIT ROAD, FOULSHAM NR20 5RW | Detached | £425,000 | 21 Jan 2026 |
115, DEREHAM ROAD, MATTISHALL NR20 3NU | Detached | £500,000 | 19 Jan 2026 |
2, THE CHALETS, THE STREET, BILLINGFORD NR20 4RD | Semi-detached | £270,000 | 16 Jan 2026 |
15, JASMINE WALK, SWANTON MORLEY NR20 4FN | Terraced | £180,000 | 16 Jan 2026 |
29, RAYNERS WAY, MATTISHALL NR20 3NQ |
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.