Housing Market Analysis for SPRINGBANK, NR1 2LB

Are you looking to understand NR1 2LB 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 Norwich postcode.

For the location information and nearby amenities in the NR1 2LB area, explore the NR1 2LB Area information page.
For comprehensive crime statistics in the NR1 2LB area, explore the NR1 2LB Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NR1 2LB postcode area, The average prices are as follows,

Flat
- The average price is around £63,904 median price is £67,000 Standard Deviation is £29,615 with Total Sold: 14
- The Last 5 Year average price is £120,000 with Total Sold: 1
- The most recent sale happened at this postcode is 137 SPRINGBANK: £120,000 (Sold on 01 Dec 2021)
- The first recorded sale happened at this postcode is 141 SPRINGBANK: £27,500 (Sold on 14 Oct 1997)
Terraced
- The average price is around £80,333 median price is £80,000 Standard Deviation is £13,882 with Total Sold: 3
- The Last 5 Year average price is £97,500 with Total Sold: 1
- The most recent sale happened at this postcode is 165 SPRINGBANK: £97,500 (Sold on 15 Jul 2020)
- The first recorded sale happened at this postcode is 165 SPRINGBANK: £80,000 (Sold on 05 Aug 2005)
Semi-Detached
- The average price is around £57,667 median price is £68,000 Standard Deviation is £16,413 with Total Sold: 3
- The most recent sale happened at this postcode is 167 SPRINGBANK: £68,000 (Sold on 16 Mar 2012)
- The first recorded sale happened at this postcode is 167 SPRINGBANK: £34,500 (Sold on 16 Feb 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average NR1 2LB 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: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£120,000	£2,528	1
2018	£103,000	£2,170	1
2015	£79,000	£1,681	1
2013	£62,000	£1,319	1
2011	£70,000	£1,475	1
2006	£90,000	£1,534	1
2004	£84,950	£1,517	1
2003	£70,000	£1,250	1
2002	£64,000	£1,091	1
2001	£48,950	£1,031	1
2000	£27,500	£585	1
1999	£30,750	£524	1
1998	£17,000	£362	1
1997	£27,500	£469	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£97,500	£2,074	1
2009	£63,500	£1,351	1
2005	£80,000	£1,702	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2012	£68,000	£1,364	1
2011	£70,500	£1,414	1
2001	£34,500	£692	1

All the Sales in the SPRINGBANK, NR1 2LB

See the table below for more details on the sold house prices in the NR1 2LB, Norwich postcode.

Address	Sold Date	Price	% Change
137 SPRINGBANKFlat, LeaseholdArea: 47.47 Sq.mtrAge: 1950-1966	01 Dec 2021	£120,000	16.50%
	09 Feb 2018	£103,000	47.14%
	01 Aug 2011	£70,000	43.00%
	07 Dec 2001	£48,950	First Sale
165 SPRINGBANKTerraced, LeaseholdArea: 47 Sq.mtrAge: 1967-1975	15 Jul 2020	£97,500	53.54%
	30 Apr 2009	£63,500	-20.62%
	05 Aug 2005	£80,000	First Sale
147 SPRINGBANKFlat, LeaseholdArea: 47 Sq.mtrAge: 1967-1975	04 Mar 2015	£79,000	187.27%
	15 Nov 2000	£27,500	61.76%
	11 Mar 1998	£17,000	First Sale
161 SPRINGBANKFlat, LeaseholdArea: 47 Sq.mtrAge: 1976-1982	05 Feb 2013	£62,000	First Sale
167 SPRINGBANKSemi-Detached, LeaseholdArea: 49.865 Sq.mtrAge: 1976-1982	16 Mar 2012	£68,000	-3.55%
	04 Jul 2011	£70,500	104.35%
	16 Feb 2001	£34,500	First Sale
141 SPRINGBANKFlat, LeaseholdArea: 58.68 Sq.mtrAge: 1991-1995	11 Aug 2006	£90,000	40.62%
	21 Jun 2002	£64,000	108.13%
	16 Aug 1999	£30,750	11.82%
	14 Oct 1997	£27,500	First Sale
135 SPRINGBANKFlat, LeaseholdArea: 56 Sq.mtrAge: 1950-1966	23 Jun 2004	£84,950	21.36%
135 SPRINGBANKFlat, LeaseholdArea: 56 Sq.mtrAge: 1950-1966	27 Mar 2003	£70,000	First Sale

Check out the sold house prices near the NR1 2LB postcode. Properties currently for saleProperties currently for rent

SPRINGBANK, NR1 2LB Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NR1 2LB 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 NR1 2LB postcode.

Flat
- The average price is around £87,614 median price is £94,000 Standard Deviation is £40,666 with Total Sold: 492
- The Last 5 Year average price is £131,730 with Total Sold: 81
- The most recent sale happened at this postcode is , 4 OLD LAKENHAM HALL DRIVE: £135,000 (Sold on 05 Sep 2024)
- The first recorded sale happened at this postcode is , 30 GAMEWELL CLOSE: £14,560 (Sold on 13 Feb 1995)
Terraced
- The average price is around £141,374 median price is £134,375 Standard Deviation is £83,376 with Total Sold: 800
- The Last 5 Year average price is £231,543 with Total Sold: 134
- The most recent sale happened at this postcode is , 30 KEYES ROAD: £237,500 (Sold on 03 Sep 2024)
- The first recorded sale happened at this postcode is , 137 HALL ROAD: £24,225 (Sold on 09 Jan 1995)
Detached
- The average price is around £219,065 median price is £184,050 Standard Deviation is £144,044 with Total Sold: 122
- The Last 5 Year average price is £391,321 with Total Sold: 18
- The most recent sale happened at this postcode is , 37 BRIAN AVENUE: £405,775 (Sold on 19 Jun 2024)
- The first recorded sale happened at this postcode is , 6 MEADOWBROOK CLOSE: £60,000 (Sold on 20 Jan 1995)
Semi-Detached
- The average price is around £132,266 median price is £123,725 Standard Deviation is £82,233 with Total Sold: 600
- The Last 5 Year average price is £251,882 with Total Sold: 81
- The most recent sale happened at this postcode is , 9 CHRISTOPHER CLOSE: £213,500 (Sold on 23 Feb 2024)
- The first recorded sale happened at this postcode is , 80 BARRETT ROAD: £15,000 (Sold on 30 Jan 1995)
Other
- The average price is around £200,636 median price is £180,000 Standard Deviation is £120,268 with Total Sold: 11
- The Last 5 Year average price is £210,914 with Total Sold: 7
- The most recent sale happened at this postcode is , 4 ST JOHNS CLOSE: £303,400 (Sold on 25 Apr 2023)
- The first recorded sale happened at this postcode is , 10 HUXLEY CLOSE: £55,600 (Sold on 21 Mar 2016)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£133,172	£2,383	9
2023	£142,346	£2,439	13
2022	£143,831	£2,476	13
2021	£125,822	£2,266	16
2020	£121,375	£2,250	12
2019	£126,756	£2,269	18
2018	£119,065	£2,304	17
2017	£126,500	£2,266	21
2016	£114,361	£2,035	18
2015	£112,890	£2,126	21
2014	£98,088	£1,724	25
2013	£98,600	£1,713	10
2012	£90,893	£1,770	14
2011	£86,292	£1,647	12
2010	£84,643	£1,685	7
2009	£94,357	£1,481	7
2008	£108,036	£1,740	11
2007	£108,926	£2,052	23
2006	£99,381	£1,882	26
2005	£81,970	£1,461	18
2004	£84,495	£1,530	23
2003	£66,993	£1,317	22
2002	£55,022	£1,085	19
2001	£42,533	£917	26
2000	£46,443	£810	16
1999	£34,708	£644	13
1998	£32,035	£689	14
1997	£28,957	£570	15
1996	£29,168	£591	14
1995	£27,361	£540	19

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£250,000	£3,232	11
2023	£220,711	£2,835	19
2022	£236,752	£2,996	30
2021	£253,514	£2,870	36
2020	£209,295	£2,627	22
2019	£203,109	£2,631	16
2018	£189,077	£2,369	26
2017	£247,995	£2,680	39
2016	£230,269	£2,542	45
2015	£176,075	£2,463	26
2014	£147,500	£2,028	28
2013	£151,805	£1,989	20
2012	£142,521	£1,806	21
2011	£135,269	£1,793	16
2010	£122,782	£1,722	16
2009	£128,261	£1,544	18
2008	£142,885	£1,590	12
2007	£150,024	£1,848	31
2006	£134,920	£1,696	32
2005	£122,150	£1,682	29
2004	£119,327	£1,628	32
2003	£100,775	£1,359	38
2002	£98,140	£1,259	40
2001	£76,822	£987	33
2000	£63,193	£882	23
1999	£51,977	£709	28
1998	£44,900	£624	28
1997	£42,430	£585	36
1996	£39,227	£469	22
1995	£39,173	£516	27

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£425,694	£4,193	4
2023	£296,750	£4,430	4
2022	£408,333	£3,243	3
2021	£328,000	£2,755	3
2020	£437,500	£2,578	2
2019	£535,000	£3,851	2
2018	£234,000	£2,522	3
2017	£384,521	£3,224	13
2016	£321,799	£3,056	5
2015	£192,900	£2,258	4
2014	£213,056	£2,007	4
2013	£201,250	£1,772	2
2012	£215,000	£1,604	1
2011	£250,000	£2,234	3
2010	£206,500	£1,732	2
2009	£211,167	£1,697	6
2008	£205,000	£1,921	3
2007	£269,574	£2,152	6
2006	£171,333	£1,817	3
2004	£178,167	£1,647	3
2003	£162,421	£1,613	7
2002	£137,300	£1,584	5
2001	£84,255	£687	4
2000	£120,400	£1,100	5
1999	£87,875	£697	4
1998	£58,250	£463	6
1997	£57,600	£590	5
1996	£70,800	£637	7
1995	£57,667	£447	3

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£211,750	£2,850	2
2023	£269,267	£3,173	15
2022	£299,958	£3,515	12
2021	£244,683	£2,737	27
2020	£231,600	£2,864	10
2019	£227,867	£2,788	15
2018	£213,833	£2,583	12
2017	£234,905	£2,740	16
2016	£217,614	£2,629	17
2015	£159,462	£2,077	13
2014	£169,495	£2,016	19
2013	£161,697	£1,950	15
2012	£143,287	£1,742	19
2011	£133,278	£1,715	18
2010	£146,689	£1,813	9
2009	£125,056	£1,600	17
2008	£134,830	£1,775	15
2007	£153,864	£1,857	29
2006	£136,561	£1,713	36
2005	£122,131	£1,574	27
2004	£124,707	£1,555	29
2003	£110,924	£1,253	21
2002	£96,386	£1,143	26
2001	£59,282	£819	33
2000	£60,333	£732	38
1999	£55,085	£675	32
1998	£48,403	£588	28
1997	£45,782	£546	24
1996	£38,885	£450	16
1995	£40,855	£367	10

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£303,400		1
2022	£366,000		2
2021	£149,000	£1,761	2
2020	£128,000		1
2019	£15,000		1
2018	£212,500	£2,032	2
2016	£152,800	£772	2

House Type in NR1 2LB area

The most common house types in the NR1 2LB postcode area are Flat (87), Semi-detached (42), and Terraced (13).

Total	146
Flat	87
Semi-detached	42
Terraced	13
Detached	4
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 Social rented: Rents from council or Local Authority (81), and Owned: Owns with a mortgage or loan (25).

Social rented: Rents from council or Local Authority	81
Owned: Owns with a mortgage or loan	25
Private rented: Private landlord or letting agency	21
Owned: Owns outright	14
Private rented: Other private rented	3
Shared ownership: Shared ownership	2
Social rented: Other social rented	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the NR1 2LB have 1 person in household (57), and 2 people in household (39).

1 person in household	57
2 people in household	39
3 people in household	20
4 people in household	16
5 people in household	11
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0