The average property value in Norwich is £253,986 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Norwich grew by £22,933. Compare house prices by area
Average property prices in Norwich grew by 9.9% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.3% per year.
If prices in Norwich continue to rise by 4.3% a year, the average property price will be £300,837 in 2025.
There were 1,794 property sales in Norwich in the year ending June 2021, an increase of 119 when compared to the previous year.
The average price for a house in Norwich ranges from £241,716 for a terraced house to £458,555 for a detached house, with semi-detached in between costing on average £262,035.
The average price for a flat or maisonette in Norwich is £154,187.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Norwich, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 61.9% from £283,295 to £458,555, semi-detached house prices have risen 61.1% from £162,629 to £262,035, terraced house prices have risen 56.0% from £154,911 to £241,716, and flat prices have risen 27.3% from £121,103 to £154,187.
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The most common type of property sold in Norwich during the year ending June 2021 was terraced houses, which accounted for 45.4% of properties.
The least commonly available type of property sold in Norwich were detached houses, which account for 12.7% of properties sold.
Of the properties sold in Norwich during 2021, 0.9% were new build properties.
The average price paid for a new build property in Norwich was £37,557 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is terraced houses (45% of existing properties sold).
The most common price band for property sales in Norwich is £200k - £300k, which accounted for 22.8% of properties sold in 2021.
0.3% of properties in Norwich had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Norwich were in the under £50k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics