Property Data OutlookIP20
4,486 recorded transactions · Part of South Norfolk
Compare with another area →Market outlook for IP20
Key indicators for buyers
The IP20 market is moderately favourable for buyers. Prices have softened (-15.5%), which could present a buying opportunity. 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
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 South Norfolk area
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
Rental data shown for wider South Norfolk area
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 £275,333 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,087 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IP20 avg. price with South Norfolk rental data
Monthly mortgage payments (£1,087) are £124 more than renting (£963). However, buying requires an upfront deposit of £69k — it would take around 11 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 |
|---|---|---|---|
1, HARVEST WAY IP20 9GE | Terraced | £215,000 | 16 Jan 2026 |
25, CHERRYWOOD IP20 9LP | Detached | £365,000 | 9 Jan 2026 |
17, CHAPELFIELD, DENTON IP20 0BE | Semi-detached | £246,000 | 5 Jan 2026 |
49, BRIAR ROAD IP20 9HT | Terraced | £205,000 | 19 Dec 2025 |
62, CRANES MEADOW IP20 9BY | Detached | £240,000 | 19 Dec 2025 |
12, MALTHOUSE COURT IP20 9BU | Terraced | £155,000 | 18 Dec 2025 |
23, GAWDY CLOSE IP20 9ET | Detached | £350,000 |
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.