Housing Market Analysis for MERLEWOOD, IP21 4PL

Are you looking to understand IP21 4PL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this South Norfolk postcode.

For the location information and nearby amenities in the IP21 4PL area, explore the IP21 4PL Area information page.
For comprehensive crime statistics in the IP21 4PL area, explore the IP21 4PL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IP21 4PL postcode area, The average prices are as follows,

Detached
- The average price is around £211,409 median price is £197,950 Standard Deviation is £122,864 with Total Sold: 17
- The Last 5 Year average price is £417,667 with Total Sold: 3
- The most recent sale happened at this postcode is 9 MERLEWOOD: £450,000 (Sold on 29 Sep 2023)
- The first recorded sale happened at this postcode is 43 MERLEWOOD: £43,000 (Sold on 16 Apr 1999)
Semi-Detached
- The average price is around £131,308 median price is £133,000 Standard Deviation is £71,189 with Total Sold: 39
- The Last 5 Year average price is £228,286 with Total Sold: 7
- The most recent sale happened at this postcode is 4 MERLEWOOD: £285,000 (Sold on 17 Feb 2023)
- The first recorded sale happened at this postcode is 25 MERLEWOOD: £295,000 (Sold on 02 Sep 2024)
Terraced
- The average price is around £150,333 median price is £190,000 Standard Deviation is £74,477 with Total Sold: 3
- The most recent sale happened at this postcode is 15 MERLEWOOD: £190,000 (Sold on 20 Apr 2012)
- The first recorded sale happened at this postcode is 49 MERLEWOOD: £46,000 (Sold on 15 Sep 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average IP21 4PL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£450,000	£2,406	1
2022	£401,500	£2,308	2
2017	£287,500	£2,178	1
2014	£268,250	£1,765	2
2013	£207,500	£1,651	2
2012	£146,500	£1,770	2
2009	£109,975	£697	2
2005	£230,000	£1,192	1
2002	£147,000		1
1999	£70,667	£632	3

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£239,000	£4,037	2
2022	£245,000	£4,375	1
2021	£205,000	£3,154	1
2019	£180,000	£3,214	1
2017	£192,500	£3,095	2
2016	£220,000	£1,930	1
2015	£162,167	£2,365	3
2013	£121,000	£1,921	1
2012	£140,000		1
2011	£195,000	£1,635	1
2009	£126,000	£2,259	1
2007	£98,029	£2,026	4
2006	£143,000	£2,208	2
2005	£139,650	£2,354	3
2003	£92,475	£1,428	2
2002	£99,500	£1,531	1
2001	£58,000	£1,036	1
2000	£52,750	£685	1
1999	£57,750	£738	2
1998	£40,000	£635	1
1997	£45,000	£537	2
1996	£37,250	£649	3
2024	£245,000		2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2012	£190,000	£1,624	1
2007	£215,000	£1,920	1
1999	£46,000		1

All the Sales in the MERLEWOOD, IP21 4PL

See the table below for more details on the sold house prices in the IP21 4PL, South Norfolk postcode.

Address	Sold Date	Price	% Change
9 MERLEWOODDetached, FreeholdArea: 187 Sq.mtrAge: 1976-1982	29 Sep 2023	£450,000	72.08%
	28 May 2014	£261,500	1088.64%
	27 Nov 2009	£22,000	First Sale
4 MERLEWOODSemi-Detached, FreeholdArea: 54 Sq.mtrAge: 1976-1982	17 Feb 2023	£285,000	32.56%
	27 Jul 2017	£215,000	29.52%
	08 Jul 2015	£166,000	7.79%
	22 Jun 2007	£154,000	19.38%
	21 Nov 2005	£129,000	First Sale
25 MERLEWOODSemi-Detached, FreeholdArea: 69 Sq.mtrAge: 1976-1982	27 Jan 2023	£193,000	20.62%
	15 Feb 2005	£160,000	-45.76%
	02 Sep 2024	£295,000	First Sale
12 MERLEWOODSemi-Detached, FreeholdArea: 56 Sq.mtrAge: 1976-1982	13 May 2022	£245,000	36.11%
	13 Sep 2019	£180,000	35.34%
	08 Jan 2015	£133,000	129.31%
	13 Jun 2001	£58,000	70.59%
	27 Sep 1996	£34,000	First Sale
3 MERLEWOODDetached, FreeholdArea: 193 Sq.mtrAge: 1967-1975	29 Apr 2022	£445,000	93.48%
3 MERLEWOODDetached, FreeholdArea: 193 Sq.mtrAge: 1967-1975	17 Nov 2005	£230,000	First Sale
37 MERLEWOODDetached, FreeholdArea: 155 Sq.mtrAge: 1967-1975	18 Mar 2022	£358,000	80.85%
	23 Oct 2009	£197,950	First Sale
2 MERLEWOODSemi-Detached, FreeholdArea: 65 Sq.mtrAge: 1996-2002	19 Mar 2021	£205,000	106.03%
	21 Nov 2002	£99,500	107.29%
	26 Apr 1999	£48,000	First Sale
47 MERLEWOODSemi-Detached, FreeholdArea: 77 Sq.mtrAge: 1967-1975	17 Nov 2017	£170,000	18.06%
	31 Aug 2006	£144,000	172.99%
	21 Jul 2000	£52,750	First Sale
5 MERLEWOODDetached, FreeholdArea: 132 Sq.mtrAge: 1976-1982	09 Nov 2017	£287,500	First Sale
31 MERLEWOODSemi-Detached, FreeholdArea: 114 Sq.mtrAge: 1976-1982	14 Nov 2016	£220,000	17.33%
	03 Jun 2015	£187,500	First Sale
35 MERLEWOODDetached, FreeholdArea: 129 Sq.mtrAge: 1976-1982	19 Dec 2014	£275,000	First Sale
51 MERLEWOODSemi-Detached, FreeholdArea: 63 Sq.mtrAge: 1967-1975	29 Nov 2013	£121,000	34.52%
	22 Jul 2003	£89,950	124.88%
	24 Sep 1998	£40,000	-79.49%
	19 Aug 2024	£195,000	First Sale
1 MERLEWOODDetached, FreeholdArea: 126 Sq.mtrAge: 1967-1975	01 Nov 2013	£185,000	First Sale
7 MERLEWOODDetached, FreeholdArea: 125.46 Sq.mtrAge: 1976-1982	06 Sep 2013	£230,000	53.33%
	18 Jul 2012	£150,000	First Sale
23 MERLEWOODSemi-Detached, Freehold	05 Oct 2012	£140,000	First Sale
8 MERLEWOODDetached, FreeholdArea: 61 Sq.mtrAge: 1983-1990	25 Jul 2012	£143,000	First Sale
15 MERLEWOODTerraced, FreeholdArea: 117.02 Sq.mtrAge: 1976-1982	20 Apr 2012	£190,000	230.43%
	23 May 1997	£57,500	First Sale
39 MERLEWOODSemi-Detached, FreeholdArea: 119.24 Sq.mtrAge: 1983-1990	09 May 2011	£195,000	36.36%
	12 Feb 2007	£143,000	First Sale
16 MERLEWOODSemi-Detached, FreeholdArea: 55.78 Sq.mtrAge: 1991-1995	30 Nov 2009	£126,000	-11.27%
	28 Apr 2006	£142,000	336.92%
	16 Apr 1997	£32,500	-15.58%
	02 Oct 1996	£38,500	First Sale
27 MERLEWOODTerraced, FreeholdArea: 112 Sq.mtrAge: 1976-1982	21 Sep 2007	£215,000	First Sale
45 MERLEWOODSemi-Detached, Freehold	04 Sep 2007	£23,500	-67.19%
	28 Mar 2007	£71,616	-44.89%
	05 Aug 2005	£129,950	First Sale
6 MERLEWOODSemi-Detached, Freehold	14 Nov 2003	£95,000	First Sale
33 MERLEWOODDetached, Freehold	17 Apr 2002	£147,000	42.72%
33 MERLEWOODDetached, Freehold	14 Sep 1999	£103,000	First Sale
19 MERLEWOODSemi-Detached, Freehold	08 Dec 1999	£67,500	First Sale
49 MERLEWOODTerraced, Freehold	15 Sep 1999	£46,000	First Sale
53 MERLEWOODDetached, Freehold	09 Jul 1999	£66,000	First Sale
43 MERLEWOODDetached, FreeholdArea: 68 Sq.mtrAge: 1950-1966	16 Apr 1999	£43,000	First Sale
29 MERLEWOODSemi-Detached, Freehold	04 Apr 1996	£39,250	First Sale

Check out the sold house prices near the IP21 4PL postcode. Properties currently for saleProperties currently for rent

MERLEWOOD, IP21 4PL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IP21 4PL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the IP21 4PL postcode.

Semi-Detached
- The average price is around £126,580 median price is £129,000 Standard Deviation is £70,791 with Total Sold: 269
- The Last 5 Year average price is £226,524 with Total Sold: 52
- The most recent sale happened at this postcode is , 59 RECTORY ROAD: £260,000 (Sold on 09 Sep 2024)
- The first recorded sale happened at this postcode is , 13 LIMMER AVENUE: £40,500 (Sold on 07 Mar 1995)
Detached
- The average price is around £203,592 median price is £166,000 Standard Deviation is £126,278 with Total Sold: 130
- The Last 5 Year average price is £335,782 with Total Sold: 30
- The most recent sale happened at this postcode is , 9 MERLEWOOD: £450,000 (Sold on 29 Sep 2023)
- The first recorded sale happened at this postcode is , THE GABLES, 29 RECTORY ROAD: £80,000 (Sold on 01 Feb 1995)
Other
- The average price is around £246,771 median price is £178,000 Standard Deviation is £179,994 with Total Sold: 7
- The Last 5 Year average price is £337,500 with Total Sold: 2
- The most recent sale happened at this postcode is , 105 RECTORY ROAD: £315,000 (Sold on 26 Jun 2023)
- The first recorded sale happened at this postcode is , HOLLY TREE BUNGALOW HARVEY LANE: £178,000 (Sold on 27 Sep 2017)
Terraced
- The average price is around £104,434 median price is £108,000 Standard Deviation is £53,558 with Total Sold: 54
- The Last 5 Year average price is £182,500 with Total Sold: 4
- The most recent sale happened at this postcode is , 8A RECTORY ROAD: £203,000 (Sold on 24 Feb 2023)
- The first recorded sale happened at this postcode is , 15 RECTORY ROAD: £40,000 (Sold on 18 Aug 1995)
Flat
- The average price is around £26,000 median price is £26,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is , 20 BEECH WAY: £26,000 (Sold on 23 Jun 1996)
- The first recorded sale happened at this postcode is , 20 BEECH WAY: £26,000 (Sold on 23 Jun 1996)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£256,250		4
2023	£239,042	£3,315	12
2022	£237,438	£3,408	4
2021	£207,778	£3,067	9
2020	£214,909	£2,475	11
2019	£225,165	£2,862	12
2018	£210,833	£3,037	3
2017	£188,875	£2,598	8
2016	£177,457	£2,666	7
2015	£164,469	£2,208	8
2014	£149,656	£2,125	9
2013	£122,000	£2,066	8
2012	£137,500	£2,192	2
2011	£140,889	£2,122	9
2010	£141,181	£2,038	8
2009	£102,250	£1,997	6
2008	£156,280	£1,973	5
2007	£135,201	£2,005	13
2006	£131,050	£2,034	10
2005	£136,661	£1,973	9
2004	£134,333	£1,563	3
2003	£106,752	£1,407	11
2002	£79,250	£1,072	4
2001	£70,682	£978	19
2000	£57,596	£734	12
1999	£53,217	£699	19
1998	£51,024	£685	15
1997	£42,588	£606	17
1996	£38,425	£621	10
1995	£34,000	£375	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£370,000	£4,391	2
2022	£372,667	£2,968	3
2021	£319,438	£3,292	8
2020	£356,748	£2,643	2
2019	£329,764	£3,073	15
2018	£369,995	£3,274	1
2017	£264,200	£2,677	5
2016	£170,000	£2,316	3
2015	£407,500	£3,478	2
2014	£203,812	£2,051	8
2013	£298,333	£1,834	6
2012	£146,833	£1,824	6
2010	£185,317	£1,880	3
2009	£129,983	£1,135	3
2008	£148,667	£2,046	3
2007	£232,500	£3,958	4
2006	£256,250	£1,954	4
2005	£202,500	£1,613	2
2004	£288,400	£2,200	2
2003	£180,200	£1,582	5
2002	£162,375	£1,225	4
2001	£101,650	£1,163	5
2000	£107,750	£842	6
1999	£78,383	£810	16
1998	£68,239	£814	8
1997	£50,500	£682	1
1996	£35,995	£493	1
1995	£77,750	£230	2

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£315,000	£2,692	1
2021	£360,000		1
2018	£124,700	£1,183	2
2017	£267,667	£3,321	3

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£203,000	£3,172	1
2022	£200,500	£3,133	1
2020	£174,000	£3,000	1
2019	£152,500	£2,542	1
2018	£172,500	£3,080	1
2017	£230,000	£2,454	1
2016	£143,000	£2,341	2
2015	£162,000		1
2014	£141,375	£2,106	2
2013	£157,500		1
2012	£141,333	£1,773	3
2010	£121,500	£1,906	2
2008	£142,000	£1,783	3
2007	£215,000	£1,920	1
2006	£128,500	£1,987	2
2005	£120,000	£1,765	1
2004	£103,083	£1,385	6
2003	£89,000	£1,560	2
2002	£70,750		2
2001	£65,983	£1,071	3
2000	£55,500	£925	1
1999	£51,999	£842	6
1998	£45,157	£809	8
1997	£29,000	£453	1
1995	£40,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
1996	£26,000		1

House Type in IP21 4PL area

The most common house types in the IP21 4PL postcode area are Semi-detached (71), Detached (55), and Terraced (2).

Total	128
Semi-detached	71
Detached	55
Terraced	2
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (58), and Owned: Owns with a mortgage or loan (53).

Owned: Owns outright	58
Owned: Owns with a mortgage or loan	53
Social rented: Other social rented	5
Private rented: Private landlord or letting agency	5
Shared ownership: Shared ownership	2
Private rented: Other private rented	2
Does not apply	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the IP21 4PL have 2 people in household (64), and 1 person in household (31).

2 people in household	64
1 person in household	31
3 people in household	16
4 people in household	9
5 people in household	3
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0