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Costessey market report NR5 8, Norwich
The standing NR5 8 (Costessey) property market report, rebuilt from the full public record every month. The raw material for this page is 2,945 HM Land Registry entries for NR5 8 (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.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the typical home in NR5 8 (Norwich) sold for £225,000 in 2026, the median of 25 registered sales, up 15% on five years earlier. The mean was £227,700, and by floor area homes here have averaged about £2,830 per square metre over the last five years. The figures cover 2,945 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
NR5 8 is one sector of NR5 (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 NR5 8 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.
The going rate for a home in NR5 8
25 sales were registered in NR5 8 in 2026, and the middle one of them, the median, went for £225,000. The mean works out at £227,700, almost on top of it, so sales bunch tightly around the typical price.
What a square metre costs in NR5 8
The last five years of sales put NR5 8 at roughly £2,830 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
The national median for England and Wales is £285,000, which puts NR5 8 21% below the country at large.
A typical NR5 8 home, priced year by year (1995 to 2026)
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £225,000 | £225,000 | 25 |
| 2025 | £217,500 | £222,701 | 51 |
| 2024 | £206,500 | £219,552 | 51 |
| 2023 | £225,000 | £247,220 | 49 |
| 2022 | £208,000 | £243,904 | 73 |
| 2021 | £195,500 | £247,528 | 84 |
| 2020 | £200,000 | £259,504 | 47 |
| 2019 | £191,200 | £250,617 | 70 |
| 2018 | £195,000 | £259,939 | 67 |
| 2017 | £185,000 | £252,321 | 89 |
| 2016 | £166,000 | £232,236 | 97 |
| 2015 | £155,500 | £219,722 | 99 |
| 2014 | £150,000 | £212,801 | 118 |
| 2013 | £139,500 | £200,727 | 104 |
| 2012 | £142,200 | £209,301 | 80 |
| 2011 | £125,000 | £188,702 | 85 |
| 2010 | £133,800 | £209,833 | 86 |
| 2009 | £125,000 | £200,939 | 75 |
| 2008 | £128,800 | £211,130 | 70 |
| 2007 | £150,000 | £254,442 | 203 |
| 2006 | £137,500 | £238,682 | 213 |
| 2005 | £121,400 | £216,043 | 150 |
| 2004 | £113,500 | £206,138 | 106 |
| 2003 | £98,500 | £181,461 | 120 |
| 2002 | £81,500 | £153,342 | 125 |
| 2001 | £55,000 | £105,735 | 115 |
| 2000 | £55,000 | £107,938 | 95 |
| 1999 | £45,000 | £89,683 | 85 |
| 1998 | £41,000 | £82,761 | 67 |
| 1997 | £39,500 | £81,007 | 100 |
| 1996 | £37,200 | £78,453 | 89 |
| 1995 | £38,200 | £83,041 | 57 |
In cash terms the typical NR5 8 home went from £38,200 in 1995 to £225,000 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 171%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2018. The market now sits about 13% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the NR5 8 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 (+48.2% on the year before); the weakest, 2008 (−14.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +3.4% | +1.0% |
| 5 years (since 2021) | +2.9% | −1.9% |
| 10 years (since 2016) | +3.1% | −0.3% |
| 20 years (since 2006) | +2.5% | −0.3% |
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.
Sales activity in NR5 8
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The register shows 25 NR5 8 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 141 sales a year before the financial crisis and 50 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.
What kind of market NR5 8 is
This is a thin market: 25 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. Within NR5, this sector trades 13% below the district median: one of its district's cheaper corners.
The rental side of NR5 8
The local authority for NR5 8 is Norwich, and its ONS average private rent currently stands at £1,152 a month (May 2026 figures). The spread runs from £784 a month for a typical one-bed to £1,594 at four-plus bedrooms, which is size doing most of the pricing.
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 £225,000 median sold price makes a gross yield of 6.1%. 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 NR5 8 (Costessey)
How much did a house sell for in NR5 8 (Costessey)?
Are property prices falling in NR5 8 (Costessey)?
Is NR5 8 (Costessey) a good place to buy a house?
Where do NR5 8 prices go next?
Prediction is not this page's business. Its business is the record, which says: the median is up 15% over five years in cash but down 9% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
What is for sale in NR5 right now
The live side of the market holds 100 homes at the moment, listed by 5 agents publishing to HomesIndex.
These cover the whole NR5 district, not just NR5 8: live asking prices are collected per district.
40% of what is on the market here is asking below what comparable homes actually sold for. The comparison behind each listing uses recent recorded sales of similar homes close by.
- Earlham Green Lane, Norwich
- Christopher Court Malbrook Road, Norwich, Norwich
- Grove Avenue, New Costessey, Norwich, Norwich
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every NR5 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Bedroom by bedroom: NR prices by size
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%) | — | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land 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.
Five-year change in the median, NR area districts
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in NR5
A few minutes' walk can separate two very different markets. Here are NR5's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NR5 0 | £300,000 | 51 |
| NR5 9 | £227,500 | 25 |
Zoom out to the full NR5 district report for the type split, monthly volumes and how NR5 compares with its neighbours.
Before you sell in NR5 8: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in NR5 8, open the average prices map and zoom from the NR5 8 shading down to the sold homes on your own street. Every recorded NR5 8 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim NR5 8.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about NR5 8. Free, with a one click sign in.
See every individual NR5 8 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.
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.