Property Data OutlookSouth Norfolk
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for South Norfolk
Key indicators for buyers
The South Norfolk market is moderately favourable for buyers. Affordability has improved from a peak of 9.5x in 2022 to 8.1x today. Rising rents (£963/mo, +4.7%) 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 South Norfolk costs 8.1x the local median salary — stretched, improving from a peak of 9.5x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in South Norfolk is £963, up 4.7% 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 South Norfolk price of £310,545 with a 25% deposit (£78k), a 2-year fixed mortgage at 3.97% costs around £1,226 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£1,226) are £263 more than renting (£963). However, buying requires an upfront deposit of £78k — 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 |
|---|---|---|---|
45, LORD NELSON DRIVE NR5 0UF | Terraced | £270,000 | 23 Jan 2026 |
41, ENSIGN WAY IP22 4GP | Semi-detached | £233,000 | 21 Jan 2026 |
REHOBOTH HOUSE, HECKINGHAM PARK DRIVE, HALES NR14 6FJ | Detached | £220,000 | 20 Jan 2026 |
2, HILLVUE CLOSE NR5 0NQ | Detached | £178,000 | 20 Jan 2026 |
THE COACH HOUSE, CHAPEL STREET, HINGHAM NR9 4JH | Detached | £445,500 | 19 Jan 2026 |
83, DEREHAM ROAD, EASTON NR9 5ES | Detached | £300,000 | 19 Jan 2026 |
CHURCH COTTAGE, CHURCH STREET, BAWBURGH NR9 3LP |
Explore postcodes in South Norfolk
8postcode 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.