Housing Market Analysis for VELVET CLOSE, NR18 9FX

Are you looking to understand NR18 9FX 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 NR18 9FX area, explore the NR18 9FX Area information page.
For comprehensive crime statistics in the NR18 9FX area, explore the NR18 9FX Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NR18 9FX postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £248,908 median price is £249,000 Standard Deviation is £16,485 with Total Sold: 13
- The Last 5 Year average price is £248,908 with Total Sold: 13
- The most recent sale happened at this postcode is 18 VELVET CLOSE: £240,000 (Sold on 29 Jan 2021)
- The first recorded sale happened at this postcode is 15 VELVET CLOSE: £292,500 (Sold on 07 Feb 2024)
Detached
- The average price is around £310,100 median price is £299,400 Standard Deviation is £26,300 with Total Sold: 8
- The Last 5 Year average price is £310,100 with Total Sold: 8
- The most recent sale happened at this postcode is 7 VELVET CLOSE: £303,800 (Sold on 18 Dec 2020)
- The first recorded sale happened at this postcode is 1 VELVET CLOSE: £320,000 (Sold on 24 Jul 2020)

Sold Price Trend Over the Years:

Below table and chart gives the average NR18 9FX 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: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£240,000	£2,963	2
2020	£246,330	£2,713	10
2024	£292,500	£3,401	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£310,100	£2,654	8

All the Sales in the VELVET CLOSE, NR18 9FX

See the table below for more details on the sold house prices in the NR18 9FX, South Norfolk postcode.

Address	Sold Date	Price	% Change
18 VELVET CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr	29 Jan 2021	£240,000	First Sale
16 VELVET CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr	21 Jan 2021	£240,000	First Sale
7 VELVET CLOSEDetached, FreeholdArea: 106 Sq.mtr	18 Dec 2020	£303,800	First Sale
17 VELVET CLOSEDetached, FreeholdArea: 146 Sq.mtr	18 Dec 2020	£348,000	First Sale
19 VELVET CLOSEDetached, FreeholdArea: 146 Sq.mtr	16 Dec 2020	£355,000	First Sale
14 VELVET CLOSESemi-Detached, FreeholdArea: 86 Sq.mtr	16 Dec 2020	£270,000	First Sale
20 VELVET CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr	15 Dec 2020	£230,902	First Sale
15 VELVET CLOSESemi-Detached, FreeholdArea: 86 Sq.mtr	20 Nov 2020	£260,000	-11.11%
15 VELVET CLOSESemi-Detached, FreeholdArea: 86 Sq.mtr	07 Feb 2024	£292,500	First Sale
13 VELVET CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr	17 Nov 2020	£235,000	First Sale
11 VELVET CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr	17 Nov 2020	£235,000	First Sale
5 VELVET CLOSEDetached, FreeholdArea: 106 Sq.mtr	06 Nov 2020	£284,000	First Sale
9 VELVET CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr	30 Oct 2020	£235,000	First Sale
6 VELVET CLOSESemi-Detached, FreeholdArea: 106 Sq.mtr	30 Sep 2020	£249,000	First Sale
3 VELVET CLOSEDetached, FreeholdArea: 106 Sq.mtr	30 Sep 2020	£285,000	First Sale
10 VELVET CLOSEDetached, FreeholdArea: 106 Sq.mtr	28 Sep 2020	£290,000	First Sale
8 VELVET CLOSESemi-Detached, FreeholdArea: 106 Sq.mtr	25 Sep 2020	£250,000	First Sale
12 VELVET CLOSEDetached, FreeholdArea: 106 Sq.mtr	25 Sep 2020	£295,000	First Sale
4 VELVET CLOSESemi-Detached, FreeholdArea: 106 Sq.mtr	18 Sep 2020	£249,200	First Sale
2 VELVET CLOSESemi-Detached, FreeholdArea: 106 Sq.mtr	10 Sep 2020	£249,200	First Sale
1 VELVET CLOSEDetached, FreeholdArea: 120 Sq.mtr	24 Jul 2020	£320,000	First Sale

Check out the sold house prices near the NR18 9FX postcode. Properties currently for saleProperties currently for rent

VELVET CLOSE, NR18 9FX Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NR18 9FX 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 NR18 9FX postcode.

Detached
- The average price is around £309,845 median price is £321,748 Standard Deviation is £86,213 with Total Sold: 250
- The Last 5 Year average price is £337,546 with Total Sold: 139
- The most recent sale happened at this postcode is , 41 OSPREY CRESCENT: £445,000 (Sold on 15 Aug 2024)
- The first recorded sale happened at this postcode is , 32 SILFIELD ROAD: £45,500 (Sold on 27 Oct 1995)
Semi-Detached
- The average price is around £223,397 median price is £240,000 Standard Deviation is £69,050 with Total Sold: 268
- The Last 5 Year average price is £262,383 with Total Sold: 138
- The most recent sale happened at this postcode is , 31 ROBIN GROVE: £300,000 (Sold on 12 Aug 2024)
- The first recorded sale happened at this postcode is , 29 PARK CLOSE: £35,950 (Sold on 31 Mar 1995)
Terraced
- The average price is around £179,441 median price is £199,000 Standard Deviation is £59,458 with Total Sold: 37
- The Last 5 Year average price is £193,865 with Total Sold: 13
- The most recent sale happened at this postcode is , 37 PEREGRINE GROVE: £222,500 (Sold on 21 Jun 2024)
- The first recorded sale happened at this postcode is , 60 SILFIELD ROAD: £34,000 (Sold on 08 Jun 1995)
Flat
- The average price is around £99,000 median price is £99,000 Standard Deviation is £0 with Total Sold: 1
- The Last 5 Year average price is £99,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 34 MAGPIE PLACE: £99,000 (Sold on 26 Nov 2021)
- The first recorded sale happened at this postcode is , 34 MAGPIE PLACE: £99,000 (Sold on 26 Nov 2021)
Other
- The average price is around £223,942 median price is £160,000 Standard Deviation is £165,065 with Total Sold: 7
- The Last 5 Year average price is £209,599 with Total Sold: 6
- The most recent sale happened at this postcode is , 51 ASPEN DRIVE: £437,773 (Sold on 11 Nov 2021)
- The first recorded sale happened at this postcode is , 37 MAGPIE PLACE: £310,000 (Sold on 02 Jun 2017)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£385,000		2
2023	£343,364	£3,304	11
2022	£385,882	£3,101	17
2021	£332,809	£2,815	34
2020	£332,024	£2,682	33
2019	£322,373	£2,696	42
2018	£298,136	£2,768	38
2017	£306,287	£2,632	33
2016	£347,060	£2,593	8
2015	£234,602	£5,784	2
2014	£360,833	£3,300	3
2013	£235,000	£2,311	1
2011	£180,000	£1,770	1
2010	£233,000	£2,313	2
2009	£190,833	£2,107	3
2007	£430,000	£663	2
2006	£271,250	£426	2
2005	£215,500		1
2004	£147,500	£1,325	2
2003	£131,000	£1,573	3
2002	£220,000	£1,089	1
2001	£92,750	£1,131	2
2000	£142,500	£1,194	1
1999	£110,000		2
1998	£58,500	£504	1
1996	£73,000	£648	2
1995	£45,500	£464	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£272,583	£3,401	6
2023	£299,292	£3,437	12
2022	£288,100	£3,213	27
2021	£249,883	£3,012	32
2020	£249,733	£2,807	23
2019	£249,028	£2,733	38
2018	£232,089	£2,891	52
2017	£236,504	£2,845	23
2016	£210,000	£2,546	3
2015	£196,000	£1,607	1
2014	£162,167	£2,067	3
2013	£150,500	£1,849	6
2012	£142,167	£1,356	3
2011	£120,000	£1,392	1
2010	£146,833	£1,611	3
2009	£141,000	£2,112	1
2008	£150,000	£1,667	1
2007	£168,000	£1,721	2
2006	£145,667	£1,741	3
2005	£145,750	£1,750	2
2004	£135,000	£1,311	1
2003	£96,750	£1,217	2
2002	£67,550	£639	2
2001	£68,321	£703	7
2000	£55,250	£741	4
1999	£45,000	£516	1
1998	£41,750	£574	4
1997	£46,125	£452	4
1995	£35,950		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£222,500		1
2023	£211,188	£2,475	4
2022	£163,750	£3,413	2
2021	£162,250	£2,076	2
2020	£201,998	£3,206	3
2019	£195,000	£3,095	1
2018	£182,536	£2,832	11
2017	£205,279	£2,869	8
2007	£164,950		1
2005	£149,000	£943	1
2004	£81,000	£953	1
1998	£40,000	£253	1
1995	£34,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£99,000		1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£437,773	£5,212	1
2020	£245,811	£3,135	2
2019	£109,400	£1,429	3
2017	£310,000	£4,079	1

House Type in NR18 9FX area

The most common house types in the NR18 9FX postcode area are Semi-detached (68), Detached (45), and Terraced (14).

Total	127
Semi-detached	68
Detached	45
Terraced	14
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 with a mortgage or loan (93), and Social rented: Other social rented (14).

Owned: Owns with a mortgage or loan	93
Social rented: Other social rented	14
Owned: Owns outright	12
Shared ownership: Shared ownership	3
Private rented: Private landlord or letting agency	3
Social rented: Rents from council or Local Authority	1
Private rented: Other private rented	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the NR18 9FX have 2 people in household (58), and 1 person in household (23).

2 people in household	58
1 person in household	23
3 people in household	22
4 people in household	20
5 people in household	3
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0