Local market reports › NR area › NR23 › NR23 1
Wells-next-the-Sea market report NR23 1, Wells-Next-The-Sea
The NR23 1 (Wells-next-the-Sea) house price history in full, 1995 to 2026, in cash and in today's money. This page is built from the public record and nothing else: 1,898 completed sales registered with HM Land Registry in NR23 1 (Wells-Next-The-Sea) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh. Page updated 19 October 2026.
In short: the typical home in NR23 1 (Wells-Next-The-Sea) sold for £401,000 in 2026, the median of 19 registered sales, down 5% on five years earlier. The mean was £440,600, and by floor area homes here have averaged about £5,260 per square metre over the last five years. The figures cover 1,898 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
NR23 1 is a postcode sector: one group of streets inside NR23 (Wells-Next-The-Sea). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where NR23 1 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 buyers actually paid in NR23 1
Take the 19 registered 2026 sales in NR23 1 and the middle price, the median, is £401,000. The mean lands at £440,600, modestly above it, the usual shape of a market with an expensive tail.
What a square metre costs in NR23 1
By floor space, homes in NR23 1 have sold for about £5,260 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.
For scale: the England and Wales median is £285,000, so NR23 1 trades 41% above the country as a whole.
NR23 1's median sold price, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £401,000 | £401,000 | 19 |
| 2025 | £441,500 | £452,058 | 60 |
| 2024 | £462,500 | £491,733 | 44 |
| 2023 | £457,500 | £502,681 | 42 |
| 2022 | £498,000 | £583,962 | 41 |
| 2021 | £423,000 | £535,573 | 72 |
| 2020 | £457,000 | £592,967 | 50 |
| 2019 | £453,000 | £593,775 | 41 |
| 2018 | £440,000 | £586,528 | 69 |
| 2017 | £400,000 | £545,560 | 57 |
| 2016 | £370,000 | £517,634 | 71 |
| 2015 | £370,000 | £522,810 | 75 |
| 2014 | £358,000 | £507,886 | 78 |
| 2013 | £300,000 | £431,670 | 53 |
| 2012 | £260,000 | £382,688 | 41 |
| 2011 | £257,500 | £388,726 | 45 |
| 2010 | £265,000 | £415,588 | 51 |
| 2009 | £285,000 | £458,140 | 65 |
| 2008 | £276,000 | £452,422 | 58 |
| 2007 | £272,000 | £461,388 | 76 |
| 2006 | £215,000 | £373,213 | 53 |
| 2005 | £207,500 | £369,266 | 50 |
| 2004 | £190,000 | £345,077 | 63 |
| 2003 | £188,000 | £346,342 | 77 |
| 2002 | £160,000 | £301,039 | 78 |
| 2001 | £130,000 | £249,918 | 71 |
| 2000 | £98,200 | £192,718 | 58 |
| 1999 | £77,000 | £153,457 | 80 |
| 1998 | £69,000 | £139,281 | 67 |
| 1997 | £61,800 | £126,739 | 82 |
| 1996 | £60,000 | £126,537 | 62 |
| 1995 | £60,000 | £130,431 | 49 |
In cash terms the typical NR23 1 home went from £60,000 in 1995 to £401,000 in 2026, roughly 7 times the price. Even after inflation that is a real rise of about 207%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2019, and today's median remains roughly 32% under it: a 2019 buyer is still waiting to get that price back in today's money.
Year-on-year change in the NR23 1 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 2001 (+32.4% on the year before); the weakest, 2026 (−9.2%). 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 year (since 2025) | −9.2% | −11.3% |
| 5 years (since 2021) | −1.1% | −5.6% |
| 6 years (since 2020) | −2.2% | −6.3% |
| 10 years (since 2016) | +0.8% | −2.5% |
| 20 years (since 2006) | +3.2% | +0.4% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
Transaction volumes
The year-by-year sales count
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
NR23 1 recorded 19 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 66 sales a year before the financial crisis and 41 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.
The shape of the NR23 1 market
This is a thin market: 19 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict.
What tenants pay around NR23 1
NR23 1 falls under North Norfolk, where the ONS puts the average private rent at £860 a month (May 2026 figures). A one-bed averages £619 a month here and a four-or-more-bed £1,349, so size does most of the work in setting the rent.
Average monthly rent by size, North Norfolk
ONS Price Index of Private Rents, May 2026.
£860 a month is £10,320 a year, which against the £401,000 median sold price makes a gross yield of 2.6%. 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.
What people ask about NR23 1 (Wells-next-the-Sea)
Is NR23 1 (Wells-next-the-Sea) a good place to buy a house?
How much did a house sell for in NR23 1 (Wells-next-the-Sea)?
Are property prices falling in NR23 1 (Wells-next-the-Sea)?
Will NR23 1 prices rise from here?
The record answers a different question than "what happens next": the median is down 5% over five years in cash but down 25% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
Moving up a bedroom in NR: the cost
The Land Registry record, split by size: what each kind of home actually sold for across the NR area. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £252,750 | £285,000 (+13%) | £325,000 (+14%) | £409,250 (+26%) | £528,000 (+29%) |
| Semi-detached | £197,500 | £227,000 (+15%) | £255,125 (+12%) | £305,000 (+20%) | £375,000 (+23%) |
| Terraced | £165,000 | £205,000 (+24%) | £220,000 (+7%) | £280,000 (+27%) | £375,000 (+34%) |
| Flat | £125,000 | £160,200 (+28%) | £310,000 (+94%) | — | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. 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.
Winners and losers across the NR area, five years
Cash-terms risers and fallers across the area; click any row for that district's full report.
Zoom out to the full NR23 district report for the type split, monthly volumes and how NR23 compares with its neighbours.
Thinking of selling in NR23 1? Get a rough value first
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in NR23 1, open the average prices map and zoom from the NR23 1 shading down to the sold homes on your own street. Every recorded NR23 1 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Go deeper
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about NR23 1. Free, with a one click sign in.
Two maps carry on from here: every NR23 1 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.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.