Average Price for property in Norfolk is around £220,558 which varies based on type of property you are interested in and ranges from £289,036 for detached house to around £188,063 for semi-detached. Similarly terraced house is around £160,007 and a flat is worth £131,693. Values have been changing and have risen £798 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,299 in last 6 months, £16,595 in last 1 year, £24,227 in last 2 years, £28,154 in last 3 years, £27,070 in last 4 years and £25,289 in last 5 years.
Currently average asking price of a property in Norfolk is around £263,811 based on approximately 13,351 properties for sale. Same is the case with rental options based on 1,574 properties up for rent, average asking rent is around £1,019 per month.
Estimated property value in Norfolk is £220,558. Average asking price is £263,811 while average price paid is £198,789 which is up by £16,595 and Avg. asking rent £1,019.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Norfolk area. In last 1 year alone average price buyer paid is around £198,789 based on approximately 13,351 sales in Norfolk area alone. If you compare it to last 3 years sales of 38,945 properties where buyers paid around £190,957. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £188,908 for 62,213 and average amount paid for purchase of approx. 83,463 properties sold in last 7 years comes to about £186,782 per sale.