Property Data OutlookNorwich
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Norwich
Key indicators for buyers
The Norwich market looks favourable for buyers. Prices have softened (-2.1%), which could present a buying opportunity. Affordability has improved from a peak of 7.8x in 2022 to 6.5x today. Rising rents (£1,144/mo, +3.1%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Norwich costs 6.5x the local median salary — moderate, improving from a peak of 7.8x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Norwich is £1,144, up 3.1% 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 Norwich price of £224,852 with a 25% deposit (£56k), a 2-year fixed mortgage at 3.97% costs around £887 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£887) are £257 less than renting (£1,144). However, buying requires an upfront deposit of £56k — it would take around 6 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 |
|---|---|---|---|
35, NEWBEGIN ROAD NR1 4PY | Terraced | £232,500 | 28 Jan 2026 |
44, APPLEYARD CRESCENT NR3 2QW | Semi-detached | £150,000 | 28 Jan 2026 |
6, LEOPOLD ROAD NR4 7AD | Semi-detached | £542,000 | 26 Jan 2026 |
74, VINCENT ROAD NR1 4HH | Terraced | £223,000 | 23 Jan 2026 |
6, HORSFORD STREET NR2 4LW | Terraced | £205,000 | 22 Jan 2026 |
219, NORTHUMBERLAND STREET NR2 4EE | Terraced | £210,000 | 22 Jan 2026 |
41, LINCOLN STREET NR2 3JY | Terraced | £295,000 |
Explore postcodes in Norwich
5postcode districts · Click for detailed prices
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.