Revealed: How house prices in your area of Norfolk have changed since 1995
PUBLISHED: 18:22 18 May 2016 | UPDATED: 07:34 19 May 2016
Over the last 20 years, average house prices in Norfolk have risen by almost 300pc, going from £55,059 in 1995 to £214,244 in 2015. Here are the fastest and slowest growing areas since 1995.
The biggest percentage increase in average house prices between 1995 and 2015 took place in NR23 on the North Norfolk coast around Wells-next-the-Sea, Holkham and Stiffkey, according to data from the Land Registry.
The average house price went from £76,701 in 1995 to £383,935 in 2015, an increase of 400.56pc. This area was also one of the most expensive areas for average house prices in 1995 and remains so today.
The smallest percentage increase in Norfolk house prices was in NR22 in Walsingham. It was the most expensive area to live in back in 1995 when the average house price was £86,634. Search the table below by typing in the first half of your postcode into the search bar to find out how house prices have changed since 1995 in your part of Norfolk.
Flash-forward to 2015 and NR22’s average house price is 190% higher at £251,562, making it the postcode in Norfolk with the slowest growth. The third most expensive postcode district from 1995 was NR4 on the southern outskirts of Norwich, covering places such as Cringleford and Keswick where the average house cost was £78,164.
Comparatively, the most affordable area to live in was NR3 which covers parts of north Norwich, New Catton and Upper Hellesdon. Here a house would cost only £35,932 in 1995, however by 2015 the average price there had risen by over four times that amount, costing £163,401.
After NR3, the other most affordable areas were NR1 in Norwich and PE30 across King’s Lynn, where average prices for both were below £44,000.
IP22, the district that includes the area with the most expensive for average house prices in 2016, doesn’t rank among the fastest growing areas for house prices.
• What do you think of the increase in average house prices where you live? Let us know in the comments below.
• See Friday’s EDP for our weekly guide to property in the region and look at hundreds of homes for sale.
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