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Stody market report NR24, Melton Constable
The standing NR24 (Stody) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 2,789 sales registered with HM Land Registry in NR24 (Melton Constable) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Sales recorded to July 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the middle 2026 sale in NR24 (Melton Constable) came in at £321,000, out of 46 registered, up 1% on five years earlier, and the mean stands at £336,500, and by floor area homes here have averaged about £3,300 per square metre over the last five years. The record behind it is 2,789 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
NR24 is a postcode district covering Melton Constable, Stody, Briston in Melton Constable. 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 NR24 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 NR24
The 2026 median for NR24 is £321,000, taken from 46 registered sales. The mean, which is what most sites call the "average house price", is £336,500, practically level with it: prices here bunch tightly around the middle.
Price per square metre in NR24
Measured by floor area, the last five years of NR24 sales average about £3,300 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
Set against the £285,000 England and Wales median, NR24 sits 13% above the national market.
NR24'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 | £321,000 | £321,000 | 46 |
| 2025 | £277,500 | £284,136 | 61 |
| 2024 | £353,800 | £376,162 | 52 |
| 2023 | £312,500 | £343,361 | 51 |
| 2022 | £305,000 | £357,647 | 76 |
| 2021 | £318,000 | £402,629 | 97 |
| 2020 | £232,500 | £301,674 | 93 |
| 2019 | £230,000 | £301,475 | 85 |
| 2018 | £250,000 | £333,255 | 69 |
| 2017 | £225,000 | £306,877 | 101 |
| 2016 | £212,200 | £296,870 | 98 |
| 2015 | £178,000 | £251,514 | 89 |
| 2014 | £230,000 | £326,295 | 91 |
| 2013 | £197,500 | £284,183 | 92 |
| 2012 | £193,000 | £284,072 | 52 |
| 2011 | £173,500 | £261,918 | 70 |
| 2010 | £190,000 | £297,969 | 64 |
| 2009 | £168,800 | £271,347 | 74 |
| 2008 | £172,500 | £282,764 | 69 |
| 2007 | £185,000 | £313,812 | 104 |
| 2006 | £179,000 | £310,721 | 127 |
| 2005 | £165,000 | £293,634 | 81 |
| 2004 | £135,000 | £245,186 | 133 |
| 2003 | £120,000 | £221,069 | 111 |
| 2002 | £90,200 | £169,711 | 90 |
| 2001 | £71,500 | £137,455 | 131 |
| 2000 | £56,800 | £111,470 | 120 |
| 1999 | £55,800 | £111,206 | 104 |
| 1998 | £59,200 | £119,499 | 82 |
| 1997 | £54,500 | £111,769 | 115 |
| 1996 | £42,800 | £90,263 | 94 |
| 1995 | £46,000 | £99,997 | 67 |
In cash terms the typical NR24 home went from £46,000 in 1995 to £321,000 in 2026, roughly 7 times the price. Inflation explains only part of it: in today's money the rise is still about 221%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2021; the current median sits about 20% below that. Someone who bought at the 2021 peak has not yet seen that price back in real terms.
Year-on-year change in the NR24 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 2021 (+36.8% on the year before); the weakest, 2015 (−22.6%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What NR24 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +15.7% | +13.0% |
| 5 years (since 2021) | +0.2% | −4.4% |
| 10 years (since 2016) | +4.2% | +0.8% |
| 20 years (since 2006) | +3.0% | +0.2% |
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, 47% of the typed total. In 2005, the last year both were recorded here, a detached home traded at £250,000 against £77,800 for a flat, 3.2 times the price.
Median by property type, NR24
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 | £347,000 | 25 | 1,298 |
| Semi-detached | £317,500 | 6 | 494 |
| Terraced | £190,000 | 14 | 949 |
| Flats | £77,800 (2005) | – | 6 |
Sales activity in NR24
Sales per year, counted
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The monthly pulse, last five years
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
Over the last twelve months of data, 76 sales completed in NR24. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 112 sales a year before the financial crisis and 57 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
The rental side of NR24
The local authority for NR24 is North Norfolk, and its ONS average private rent currently stands at £860 a month (May 2026 figures). Size sets most of the rent: one-beds average £619 a month here against £1,349 for four or more bedrooms.
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 £321,000 median sold price makes a gross yield of 3.2%. 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.
Reading the NR24 market
Only 76 sales completed here in the last twelve months of data, which makes NR24 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. Among the 35 measurable districts of its area, NR24 ranks 8 by median price: firmly in the dearer tier.
What people ask about NR24 (Stody)
Are property prices falling in NR24 (Stody)?
Is NR24 (Stody) a good place to buy a house?
How much did a house sell for in NR24 (Stody)?
What happens to NR24 prices now?
No honest page predicts prices, so this one sticks to the record: the median is roughly flat over five years in cash but down 20% 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.
On the market in NR24 today
Everything above is what homes in NR24 sold for. Turning to what is actually available: 59 homes on the market right now, from 7 agents publishing to HomesIndex, at a typical asking price 9% above the NR24 median sold price.
25% of current listings sit under the prices comparable homes actually fetched. Each listing is compared with recent recorded sales of similar homes nearby.
- Spacious and Extended Detached Family...
- Church Street, Melton Constable
- Hall Street, Briston, Melton Constable
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every NR24 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.
The price of an extra bedroom in NR
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 | — | £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%) | — | — |
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. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
NR24 ranks 24 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
The districts that gained and lost most in cash terms, each row linking through to its own report.
Inside NR24, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NR24 2 | £321,000 | 46 |
How NR24 compares nearby
Same city, different markets. The neighbouring districts of the NR area, dearest first:
| District | Median | 5-year |
|---|---|---|
| NR25 | £430,000 | +8% |
| NR22 | £375,000 | +9% |
| NR23 | £370,000 | -13% |
| NR26 | £350,000 | +11% |
| NR4 | £337,500 | +4% |
| NR16 | £336,500 | -2% |
| NR14 | £325,000 | -3% |
| NR24 (this report) | £321,000 | +1% |
| NR13 | £318,800 | +1% |
| NR11 | £318,000 | +6% |
| NR9 | £315,000 | +9% |
| NR20 | £314,500 | -1% |
| NR10 | £290,000 | +5% |
| NR18 | £285,000 | +1% |
| NR34 | £285,000 | +3% |
| NR7 | £280,000 | +8% |
| NR8 | £280,000 | +6% |
| NR12 | £280,000 | -7% |
| NR15 | £277,500 | -9% |
| NR21 | £275,000 | +1% |
| NR27 | £275,000 | -6% |
| NR2 | £272,400 | +8% |
| NR6 | £270,000 | +8% |
| NR5 | £260,000 | +8% |
Selling a home in NR24? Price it on the evidence
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in NR24, open the average prices map and zoom from the NR24 shading down to the sold homes on your own street. Every recorded NR24 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim NR24.
Take it further
Behind the answers sits the same Land Registry record as this page, with NR24 already set as the subject. Free, one click sign in.
See every individual NR24 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on 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.