Norfolk

Data from Land Registry, ONS, Bank of England

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Avg. price

£269,403

0.0% YoY

Affordability

7.65x

price-to-earnings

Avg. rent

N/A

Market outlook for Norfolk

Key indicators for buyers

Prices easing0.0% YoYRelatively stable market

Moderate7.7xImproving from 9.0x in 2022

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

The Norfolk market looks favourable for buyers. Affordability has improved from a peak of 9.0x in 2022 to 7.7x today.

Price trends

Average sale prices · HM Land Registry / UK HPI

£269,403

0.0% YoY

Affordability ratio

House price ÷ median earnings · ONS data

7.65x

price-to-earnings

A home in Norfolk costs 7.7x the local median salary — moderate, improving from a peak of 9.0x in 2022.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£1,063

per month at 3.97%

LTV

Term

Deposit (25%)

£67k

Stamp duty

£970

Based on the average Norfolk price of £269,403 with a 25% deposit (£67k), a 2-year fixed mortgage at 3.97% costs around £1,063 per month.

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