Market outlook for NR8
Key indicators for buyers
The NR8 market is moderately favourable for buyers. Prices have softened (-5.9%), which could present a buying opportunity. Affordability has improved from a peak of 9.8x 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 £306,909 with a 25% deposit (£77k), a 2-year fixed mortgage at 3.97% costs around £1,211 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses NR8 avg. price with Broadland rental data
Monthly mortgage payments (£1,211) are £281 more than renting (£930). However, buying requires an upfront deposit of £77k — it would take around 14 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 |
|---|---|---|---|
47, WITHY WAY, TAVERHAM NR8 6YB | Detached | £337,500 | 20 Jan 2026 |
37, OLD WARREN, TAVERHAM NR8 6GA | Semi-detached | £208,000 | 20 Jan 2026 |
3, CARRS HILL CLOSE, COSTESSEY NR8 5DW | Detached | £450,000 | 15 Jan 2026 |
26, TRIMMING WALK, TAVERHAM NR8 6YX | Terraced | £245,000 | 15 Jan 2026 |
3, FRESHWATER WAY, DRAYTON NR8 6BY | Detached | £315,000 | 12 Jan 2026 |
41, WALSINGHAM DRIVE, TAVERHAM NR8 6FZ | Semi-detached | £208,500 | 9 Jan 2026 |
53, THE DROVE, TAVERHAM NR8 6FT | Semi-detached |
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.