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Wells-next-the-Sea market report NR23, Wells-Next-The-Sea
The NR23 (Wells-next-the-Sea) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 1,898 sales recorded by HM Land Registry in NR23 (Wells-Next-The-Sea) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Sales data to August 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh. Page updated 19 October 2026.
In short: 19 registered 2026 sales put the NR23 (Wells-Next-The-Sea) median at £401,000, down 5% on five years earlier, with a mean of £440,600, and by floor area homes here have averaged about £5,260 per square metre over the last five years. Everything rests on 1,898 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
NR23 is a postcode district covering Wells-next-the-Sea, Quarles, Warham in Wells-Next-The-Sea. It is the most useful size for market figures: tight enough to describe somewhere real, large enough that sales keep coming and the medians hold steady.
Where NR23 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
Across 19 registered 2026 sales, the typical (median) NR23 home went for £401,000. The mean is £440,600, somewhat above it, as happens wherever a market carries an expensive tail.
Price per square metre in NR23
By floor space, homes in NR23 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 trades 41% above the country as a whole.
The price of a typical NR23 home, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
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 home went from £60,000 in 1995 to £401,000 in 2026, roughly 7 times the price. Adjusted for inflation it still comes to a real rise of roughly 207%, so homes here got dearer in substance, not only in cash. 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 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.
Growth per year, over one to twenty years
| 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.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of detached houses dominate the record here, 39% of the typed total. In 2021, the last year both were recorded here, a detached home traded at £545,000 against £156,000 for a flat, 3.5 times the price.
Median by property type, NR23
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £469,100 | 6 | 723 |
| Semi-detached | £430,000 | 5 | 445 |
| Terraced | £305,000 | 5 | 577 |
| Flats | £156,000 (2021) | – | 88 |
Sales activity in NR23
Sales per year, counted
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 last five years, month by month
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
NR23 recorded 40 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. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
The rental side of NR23
The local authority for NR23 is North Norfolk, and its ONS average private rent currently stands at £860 a month (May 2026 figures). The spread runs from £619 a month for a typical one-bed to £1,349 at four-plus bedrooms, which is size doing most of the pricing.
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 kind of market NR23 is
This is a thin market: 40 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. NR23 sits 2 of 35 in its area's price order, well inside the expensive end.
Asked and answered: NR23 (Wells-next-the-Sea)
Are property prices falling in NR23 (Wells-next-the-Sea)?
Is NR23 (Wells-next-the-Sea) a good place to buy a house?
How much did a house sell for in NR23 (Wells-next-the-Sea)?
Where do NR23 prices go next?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 5% over five years in cash but down 25% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
The NR23 sales calendar
Across the 259 sales completed in NR23 from 2021 to 2025, March was the busiest month for completions (10.8% of the total) and April the quietest (6.2%). The gap between the two is wide enough to plan around: completion follows the agreed sale by weeks, so the busiest month for completions points to deals done earlier, and a seller wanting several bidders should list ahead of it.
Sales by month, 2021 to 2025
| Month | Sales | Share |
|---|---|---|
| January | 17 | 6.6% |
| February | 25 | 9.7% |
| March | 28 | 10.8% |
| April | 16 | 6.2% |
| May | 19 | 7.3% |
| June | 21 | 8.1% |
| July | 20 | 7.7% |
| August | 25 | 9.7% |
| September | 22 | 8.5% |
| October | 23 | 8.9% |
| November | 22 | 8.5% |
| December | 21 | 8.1% |
What another bedroom costs in NR
Real sold prices by size across the NR area, straight from the Land Registry record. 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. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
NR23 ranks 31 of 35 in the NR area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
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.
Inside NR23, sector by sector
Below district level sit the sectors, street groups with reports of their own, and the gaps between neighbouring ones can be sharp.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NR23 1 | £401,000 | 19 |
How NR23 compares nearby
Same city, different markets. The neighbouring districts of the NR area, dearest first:
| District | Median | 5-year |
|---|---|---|
| NR25 | £430,000 | +8% |
| NR23 (this report) | £401,000 | -5% |
| NR22 | £375,000 | +9% |
| NR26 | £351,200 | +11% |
| NR4 | £336,200 | +3% |
| NR16 | £330,000 | -3% |
| NR13 | £325,000 | +3% |
| NR14 | £325,000 | -3% |
| NR11 | £320,000 | +7% |
| NR24 | £320,000 | +1% |
| NR9 | £315,000 | +9% |
| NR20 | £310,000 | -3% |
| NR10 | £295,000 | +7% |
| NR18 | £282,000 | -1% |
| NR8 | £281,000 | +7% |
| NR12 | £280,000 | -7% |
| NR27 | £280,000 | -5% |
| NR34 | £280,000 | +1% |
| NR7 | £275,000 | +6% |
| NR2 | £270,000 | +7% |
| NR6 | £270,000 | +8% |
| NR15 | £270,000 | -11% |
| NR21 | £270,000 | +0% |
| NR35 | £268,200 | +8% |
Before you sell in NR23: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in NR23, open the average prices map and zoom from the NR23 shading down to the sold homes on your own street. Every recorded NR23 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about NR23. Free, with a one click sign in.
The live map plots every individual NR23 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.