Area Guide For Norfolk

Norfolk is a low-lying county in the East of England. The city of Norwich is the county town of Norfolk, which is the fifth largest ceremonial county in England, with an area of 2,074 sq. miles.  With a population of 859,400 Norfolk is a largely rural county. Many would k now Norfolk for its tourism attractions including the bright lights and family fun entertainment of Great Yarmouth and the tranquil Norfolk Broads, known as Britain’s magical water land.


Norfolk Map

Estimated Price: £220,558
Average Asking Price: £263,811
Price change in last one year: £16,595
Average Price Paid: £188,908
Average Rent Rates: £1,019


Property Prices Breakdown in Norfolk

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.


Properties For Sale in Norfolk


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £110,977, £151,408 for a 2 bedroom house, £219,047 for a 3 bedroom house, £339,016 for a 4 bedroom house and £452,882 for a 5 bedroom house. For a flat similarly the prices varies from £105,287 for a single bedroom to £143,925 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £260,078 and £208,999 for a 4 bedroom flat. To sum up the asking prices for properties in Norfolk it comes to around average £106,579 for 1 bedroom property, £149,493 for 2 bedroom, £219,993 for 3 bedroom, £338,578 for 4 bedroom and £452,882 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £531 for 1 bedroom to £613 for 2 bedrooms, £754 for 3 bedrooms, £1,095 for 4 bedrooms and £1,456 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £486. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £651, £662 for 3 bedroom and £1,850 for 5 bedroom. You should be generally be expecting around average £501 rent per month for single bedroom property, £628 for 2 bedroom, £750 for 3 bedroom, £1,095 for 4 bedroom and approximately £1,463 for a 5 bedroom property in Norfolk area.

Popular Houses in Norfolk

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Norfolk

Areas in and around Norfolk