Property Data OutlookIP22
8,210 recorded transactions · Part of South Norfolk
Compare with another area →Market outlook for IP22
Key indicators for buyers
The IP22 market is moderately favourable for buyers. Prices have softened (-17.3%), 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 £299,583 with a 25% deposit (£75k), a 2-year fixed mortgage at 3.97% costs around £1,182 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IP22 avg. price with South Norfolk rental data
Monthly mortgage payments (£1,182) are £219 more than renting (£963). However, buying requires an upfront deposit of £75k — it would take around 13 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 |
|---|---|---|---|
41, ENSIGN WAY IP22 4GP | Semi-detached | £233,000 | 21 Jan 2026 |
KARINGAL, COMMON ROAD, SHELFANGER IP22 2DP | Detached | £367,500 | 16 Jan 2026 |
4, PINE TREE COURT, HOPTON IP22 2QQ | Detached | £225,000 | 16 Jan 2026 |
21, ALDRICH WAY, ROYDON IP22 4FJ | Terraced | £181,000 | 14 Jan 2026 |
CHURCH VIEW, THE STREET, SOUTH LOPHAM IP22 2LH | Detached | £515,000 | 9 Jan 2026 |
64, THE STREET, NORTH LOPHAM IP22 2LT | Semi-detached | £276,000 | 9 Jan 2026 |
3 - 4, MOUNT STREET IP22 4QG | 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.