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Costessey market report NR5, Norwich
The standing NR5 (Costessey) property market report, rebuilt from the full public record every month. The raw material for this page is 12,203 HM Land Registry entries for NR5 (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 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 NR5 (Norwich) came in at £260,000, out of 101 registered, up 8% on five years earlier, and the mean stands at £277,500, and by floor area homes here have averaged about £3,020 per square metre over the last five years. The record behind it is 12,203 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
NR5 is a postcode district covering Costessey, Earlham in Norwich. 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 NR5 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.
Today's NR5 prices, from the sold record
The NR5 median stands at £260,000 for 2026, built from 101 registered sales; the mean, the figure usually quoted as the "average house price", is £277,500, modestly above it, the usual shape of a market with an expensive tail.
NR5 prices by floor area
Measured by floor area, the last five years of NR5 sales average about £3,020 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.
The national median for England and Wales is £285,000, which puts NR5 9% below the country at large.
NR5's median sold price, 1995 to 2026
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £260,000 | £260,000 | 101 |
| 2025 | £250,000 | £255,978 | 271 |
| 2024 | £255,000 | £271,117 | 278 |
| 2023 | £260,000 | £285,677 | 249 |
| 2022 | £265,500 | £311,329 | 342 |
| 2021 | £240,000 | £303,871 | 489 |
| 2020 | £225,000 | £291,942 | 285 |
| 2019 | £224,000 | £293,610 | 329 |
| 2018 | £219,500 | £292,598 | 344 |
| 2017 | £207,200 | £282,600 | 412 |
| 2016 | £195,000 | £272,807 | 410 |
| 2015 | £173,500 | £245,156 | 402 |
| 2014 | £165,000 | £234,081 | 438 |
| 2013 | £150,000 | £215,835 | 410 |
| 2012 | £151,000 | £222,253 | 335 |
| 2011 | £145,000 | £218,894 | 372 |
| 2010 | £146,500 | £229,750 | 309 |
| 2009 | £136,200 | £218,943 | 308 |
| 2008 | £150,000 | £245,882 | 302 |
| 2007 | £157,200 | £266,655 | 558 |
| 2006 | £144,500 | £250,834 | 651 |
| 2005 | £132,200 | £235,263 | 592 |
| 2004 | £129,500 | £235,197 | 510 |
| 2003 | £115,000 | £211,858 | 543 |
| 2002 | £91,000 | £171,216 | 547 |
| 2001 | £74,000 | £142,261 | 530 |
| 2000 | £60,800 | £119,320 | 340 |
| 1999 | £50,000 | £99,647 | 350 |
| 1998 | £46,000 | £92,854 | 279 |
| 1997 | £45,000 | £92,286 | 340 |
| 1996 | £43,000 | £90,685 | 343 |
| 1995 | £42,800 | £93,041 | 234 |
In cash terms the typical NR5 home went from £42,800 in 1995 to £260,000 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 179%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2022. 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 NR5 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 2003 (+26.4% on the year before); the weakest, 2009 (−9.2%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What NR5 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +4.0% | +1.6% |
| 5 years (since 2021) | +1.6% | −3.1% |
| 10 years (since 2016) | +2.9% | −0.5% |
| 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.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of semi-detached homes dominate the record here, 36% of the typed total. A detached home currently trades at £320,000 against £145,000 for a flat, 2.2 times the price.
Median by property type, NR5
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 | £320,000 | 33 | 3,918 |
| Semi-detached | £249,000 | 30 | 4,424 |
| Terraced | £230,200 | 31 | 2,986 |
| Flats | £145,000 | 7 | 875 |
Sales activity in NR5
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 monthly pulse, last five years
Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.
NR5 recorded 222 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 534 sales a year before the financial crisis and 248 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 NR5
NR5 falls under Norwich, where the ONS puts the average private rent at £1,152 a month (May 2026 figures). A one-bed averages £784 a month here and a four-or-more-bed £1,594, so size does most of the work in setting the rent.
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 £260,000 median sold price makes a gross yield of 5.3%. 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.
Asked and answered: NR5 (Costessey)
Are property prices falling in NR5 (Costessey)?
Is NR5 (Costessey) a good place to buy a house?
How much did a house sell for in NR5 (Costessey)?
Are NR5 prices heading up or down?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 8% over five years in cash but down 14% 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.
What you could buy in NR5 now
Everything above is what homes in NR5 sold for. The live side of the market holds 100 homes at the moment, listed by 5 agents publishing to HomesIndex, at a typical asking price 2% below the NR5 median sold price.
40% of what is on the market here is asking below what comparable homes actually sold for. Every listing is measured against recent recorded sales of similar nearby homes.
- 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 →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
What another bedroom costs in NR
The Land Registry record, split by size: what each kind of home actually sold for across the NR area. 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. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
NR5 ranks 6 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.
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.
Inside NR5, 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 |
|---|---|---|
| NR5 0 | £300,000 | 51 |
| NR5 8 | £225,000 | 25 |
| NR5 9 | £227,500 | 25 |
How NR5 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 | £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 (this report) | £260,000 | +8% |
Before you sell in NR5: what the record supports
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at NR5's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim NR5.
Take it further
Behind the answers sits the same Land Registry record as this page, with NR5 already set as the subject. Free, one click sign in.
The live map plots every individual NR5 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.
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.