Property Data OutlookNR9
8,547 recorded transactions · Part of South Norfolk
Compare with another area →Market outlook for NR9
Key indicators for buyers
The NR9 market presents a mixed picture for buyers. Prices are rising at 10.9%, which may favour acting sooner rather than later. 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 £391,958 with a 25% deposit (£98k), a 2-year fixed mortgage at 3.97% costs around £1,547 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses NR9 avg. price with South Norfolk rental data
Monthly mortgage payments (£1,547) are £584 more than renting (£963). However, buying requires an upfront deposit of £98k — it would take around 24 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 |
|---|---|---|---|
CHERRY TREE HOUSE, TOWN LANE, GARVESTONE NR9 4QR | Detached | £480,000 | 21 Jan 2026 |
THE COACH HOUSE, CHAPEL STREET, HINGHAM NR9 4JH | Detached | £445,500 | 19 Jan 2026 |
CHURCH COTTAGE, CHURCH STREET, BAWBURGH NR9 3LP | Detached | £405,000 | 19 Jan 2026 |
83, DEREHAM ROAD, EASTON NR9 5ES | Detached | £300,000 | 19 Jan 2026 |
13, ST DAVIDS ROAD, HETHERSETT NR9 3DH | Detached | £325,000 | 16 Jan 2026 |
5, GLEBE CLOSE, HINGHAM NR9 4HF | Semi-detached | £300,000 | 16 Jan 2026 |
9, POPPY CRESCENT, EASTON NR9 5FQ |
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.