Local market reports › NR area › NR1 › NR1 2
Thorpe Hamlet market report NR1 2, Norwich
The NR1 2 (Thorpe Hamlet) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 4,441 HM Land Registry entries for NR1 2 (Norwich), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: a typical NR1 2 (Norwich) home changed hands for £240,200 in 2026 (median of 38 registered sales, up 7% on five years earlier), with the mean at £289,200, and by floor area homes here have averaged about £3,100 per square metre over the last five years. Source: 4,441 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
NR1 2 is one sector of NR1 (Norwich): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where NR1 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What a home in NR1 2 sells for
In the NR1 2 property market, the 2026 median sale price is £240,200, from 38 registered sales; the mean, the "average house price" most sites quote, is £289,200, sitting a long way above it, which tells you a few very expensive sales are pulling the average up.
Price per square metre in NR1 2
By floor space, homes in NR1 2 have sold for about £3,100 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.
Set against the £285,000 England and Wales median, NR1 2 sits 16% below the national market.
NR1 2's median sold price, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £240,200 | £240,200 | 38 |
| 2025 | £230,000 | £235,500 | 107 |
| 2024 | £212,000 | £225,400 | 109 |
| 2023 | £217,200 | £238,650 | 106 |
| 2022 | £230,000 | £269,701 | 153 |
| 2021 | £225,500 | £285,512 | 154 |
| 2020 | £215,000 | £278,967 | 87 |
| 2019 | £188,000 | £246,423 | 127 |
| 2018 | £187,500 | £249,941 | 133 |
| 2017 | £190,000 | £259,141 | 151 |
| 2016 | £175,000 | £244,827 | 145 |
| 2015 | £170,500 | £240,917 | 140 |
| 2014 | £155,000 | £219,895 | 144 |
| 2013 | £148,000 | £212,957 | 118 |
| 2012 | £149,000 | £219,309 | 110 |
| 2011 | £150,000 | £226,442 | 137 |
| 2010 | £157,000 | £246,216 | 113 |
| 2009 | £142,500 | £229,070 | 125 |
| 2008 | £160,000 | £262,274 | 178 |
| 2007 | £165,000 | £279,886 | 244 |
| 2006 | £133,200 | £231,218 | 180 |
| 2005 | £128,100 | £227,966 | 144 |
| 2004 | £120,000 | £217,943 | 151 |
| 2003 | £117,000 | £215,542 | 167 |
| 2002 | £95,000 | £178,742 | 183 |
| 2001 | £72,200 | £138,801 | 188 |
| 2000 | £60,000 | £117,750 | 142 |
| 1999 | £57,500 | £114,594 | 146 |
| 1998 | £45,200 | £91,239 | 146 |
| 1997 | £44,000 | £90,235 | 155 |
| 1996 | £40,000 | £84,358 | 115 |
| 1995 | £40,000 | £86,954 | 105 |
In cash terms the typical NR1 2 home went from £40,000 in 1995 to £240,200 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 176%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 16% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the NR1 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2002 (+31.6% on the year before); the weakest, 2009 (−10.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +4.4% | +2.0% |
| 5 years (since 2021) | +1.3% | −3.4% |
| 10 years (since 2016) | +3.2% | −0.2% |
| 20 years (since 2006) | +3.0% | +0.2% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
How many homes change hands in NR1 2
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
The register shows 38 NR1 2 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 175 sales a year before the financial crisis and 103 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
How NR1 2 trades
Only 38 sales completed here in the last twelve months of data, which makes NR1 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Within NR1, this sector trades 9% above the district median: one of the dearer corners of its district.
What homes rent for around NR1 2
For renting purposes NR1 2 sits in Norwich. The ONS average private rent there is £1,152 a month (May 2026). Size sets most of the rent: one-beds average £784 a month here against £1,594 for four or more bedrooms.
Average monthly rent by size, Norwich
ONS Price Index of Private Rents, May 2026.
£1,152 a month is £13,824 a year, which against the £240,200 median sold price makes a gross yield of 5.8%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
Common questions on NR1 2 (Thorpe Hamlet)
How much did a house sell for in NR1 2 (Thorpe Hamlet)?
Are property prices falling in NR1 2 (Thorpe Hamlet)?
Is NR1 2 (Thorpe Hamlet) a good place to buy a house?
Will NR1 2 prices rise from here?
No honest page predicts prices, so this one sticks to the record: the median is up 7% over five years in cash but down 16% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
What you could buy in NR1 now
The live side of the market holds 161 homes at the moment, listed by 10 agents publishing to HomesIndex.
These cover the whole NR1 district, not just NR1 2: live asking prices are collected per district.
36% of current listings sit under the prices comparable homes actually fetched. The comparison behind each listing uses recent recorded sales of similar homes close by.
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every NR1 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
Moving up a bedroom in NR: the cost
What homes of each size actually sold for across the NR area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £280,000 | £375,246 (+34%) | £545,000 (+45%) | £750,000 (+38%) |
| Semi-detached | £210,000 | £245,000 (+17%) | £289,950 (+18%) | £375,000 (+29%) | £515,000 (+37%) |
| Terraced | £185,000 | £215,000 (+16%) | £245,000 (+14%) | £335,000 (+37%) | £423,750 (+26%) |
| Flat | £140,000 | £182,500 (+30%) | £280,000 (+53%) | — | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the NR area is the point: the same five years treated these districts very differently.
Five-year change in the median, NR area districts
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in NR1
A few minutes' walk can separate two very different markets. Here are NR1's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NR1 1 | £170,000 | 51 |
| NR1 3 | £236,000 | 39 |
| NR1 4 | £232,500 | 37 |
Zoom out to the full NR1 district report for the type split, monthly volumes and how NR1 compares with its neighbours.
Selling a home in NR1 2? Price it on the evidence
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in NR1 2, use the average prices map for a rough value: zoom from NR1 2's shading down to the sold homes on your own street. The figures above are every recorded NR1 2 sale; agents price with this same Land Registry record, and now you have it too.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim NR1 2.
Take it further
Behind the answers sits the same Land Registry record as this page, with NR1 2 already set as the subject. Free, one click sign in.
Two maps carry on from here: every NR1 2 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.