Market outlook for NR7
Key indicators for buyers
The NR7 market presents a mixed picture for buyers. Prices are rising at 13.1%, which may favour acting sooner rather than later. Affordability has improved from a peak of 9.8x in 2017 to 8.1x today. Rising rents (£930/mo, +6.8%) 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 Broadland area
A home in Broadland costs 8.1x the local median salary — stretched, improving from a peak of 9.8x in 2017.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Broadland area
Average monthly rent in Broadland is £930, up 6.8% 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 Broadland price of £330,866 with a 25% deposit (£83k), a 2-year fixed mortgage at 3.97% costs around £1,306 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses NR7 avg. price with Broadland rental data
Monthly mortgage payments (£1,306) are £376 more than renting (£930). However, buying requires an upfront deposit of £83k — it would take around 17 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 |
|---|---|---|---|
9, CORDWAINER CLOSE, SPROWSTON NR7 8GT | Flat/Maisonette | £157,500 | 23 Jan 2026 |
13, WILLIAMSON CLOSE NR7 9DT | Terraced | £262,000 | 21 Jan 2026 |
21, HILLSIDE AVENUE NR7 0QW | Detached | £740,000 | 20 Jan 2026 |
16, PARANA COURT NR7 8BH | Semi-detached | £320,000 | 19 Jan 2026 |
54, WATLING ROAD NR7 9TF | Terraced | £190,000 | 16 Jan 2026 |
17, HILLY PLANTATION NR7 0JN | Detached | £770,000 | 15 Jan 2026 |
178, YARMOUTH ROAD NR7 0AD | Terraced |
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.