Housing Market Analysis for TERN DRIVE, NR7 8LR

Are you looking to understand NR7 8LR 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 Broadland postcode.

For the location information and nearby amenities in the NR7 8LR area, explore the NR7 8LR Area information page.
For comprehensive crime statistics in the NR7 8LR area, explore the NR7 8LR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NR7 8LR postcode area, The average prices are as follows,

  • Detached
    • The average price is around £392,000 median price is £404,000 Standard Deviation is £32,741 with Total Sold: 4
    • The Last 5 Year average price is £392,000 with Total Sold: 4
    • The most recent sale happened at this postcode is 2 TERN DRIVE: £420,000 (Sold on 31 Mar 2021)
    • The first recorded sale happened at this postcode is 4 TERN DRIVE: £420,000 (Sold on 26 Mar 2021)
  • Semi-Detached
    • The average price is around £267,500 median price is £267,500 Standard Deviation is £3,500 with Total Sold: 2
    • The Last 5 Year average price is £267,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 7 TERN DRIVE: £264,000 (Sold on 19 Feb 2021)
    • The first recorded sale happened at this postcode is 8 TERN DRIVE: £271,000 (Sold on 17 Feb 2021)

Sold Price Trend Over the Years:

Below table and chart gives the average NR7 8LR 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£393,333 £2,754 3
2022£388,000 £3,434 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£267,500 £3,302 2

All the Sales in the TERN DRIVE, NR7 8LR

See the table below for more details on the sold house prices in the NR7 8LR, Broadland postcode.

AddressSold DatePrice% Change
2 TERN DRIVEDetached, Freehold31 Mar 2021£420,000First Sale
1 TERN DRIVEDetached, FreeholdArea: 113 Sq.mtr18 Nov 2022£388,00014.12%
01 Apr 2021£340,000First Sale
4 TERN DRIVEDetached, FreeholdArea: 168 Sq.mtrAge: 201726 Mar 2021£420,000First Sale
7 TERN DRIVESemi-Detached, FreeholdArea: 81 Sq.mtr19 Feb 2021£264,000First Sale
8 TERN DRIVESemi-Detached, FreeholdArea: 81 Sq.mtr17 Feb 2021£271,000First Sale

Check out the sold house prices near the NR7 8LR postcode. Properties currently for saleProperties currently for rent

TERN DRIVE, NR7 8LR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NR7 8LR 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 NR7 8LR postcode.

  • Terraced
    • The average price is around £231,439 median price is £229,995 Standard Deviation is £46,277 with Total Sold: 332
    • The Last 5 Year average price is £238,272 with Total Sold: 201
    • The most recent sale happened at this postcode is , 49 EGYPTIAN GOOSE ROAD: £228,000 (Sold on 13 Sep 2024)
    • The first recorded sale happened at this postcode is , 67 CERE ROAD: £138,000 (Sold on 09 Jan 2004)
  • Semi-Detached
    • The average price is around £220,428 median price is £233,995 Standard Deviation is £71,250 with Total Sold: 287
    • The Last 5 Year average price is £249,947 with Total Sold: 156
    • The most recent sale happened at this postcode is , 10 ADCOCK DRIVE: £320,000 (Sold on 22 Jul 2024)
    • The first recorded sale happened at this postcode is , 21 HORNBEAM CLOSE: £48,250 (Sold on 31 Jan 1995)
  • Detached
    • The average price is around £303,775 median price is £314,995 Standard Deviation is £96,867 with Total Sold: 310
    • The Last 5 Year average price is £347,146 with Total Sold: 165
    • The most recent sale happened at this postcode is , 1 OYSTERCATCHER CLOSE: £380,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , 3A CORBET AVENUE: £25,000 (Sold on 21 Jul 1995)
  • Flat
    • The average price is around £162,755 median price is £162,498 Standard Deviation is £14,933 with Total Sold: 208
    • The Last 5 Year average price is £167,433 with Total Sold: 110
    • The most recent sale happened at this postcode is , 25 SCOTT CLOSE: £187,000 (Sold on 31 May 2024)
    • The first recorded sale happened at this postcode is , 17 MALLARD WAY: £149,950 (Sold on 18 Dec 2015)
  • Other
    • The average price is around £351,787 median price is £165,000 Standard Deviation is £427,374 with Total Sold: 19
    • The Last 5 Year average price is £331,225 with Total Sold: 14
    • The most recent sale happened at this postcode is , 1 NUTHATCH ROAD: £1,108,744 (Sold on 11 Nov 2021)
    • The first recorded sale happened at this postcode is , 98 MALLARD WAY: £240,000 (Sold on 21 Apr 2017)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£261,246 £3,161 13
2023£234,675 £3,310 10
2022£257,747 £2,964 27
2021£231,074 £2,713 43
2020£232,338 £2,865 58
2019£235,574 £2,928 50
2018£264,646 £2,393 10
2017£220,723 £2,509 54
2016£219,032 £2,530 60
2015£205,225 £2,443 4
2011£140,000 £1,838 1
2009£139,0001
2004£138,000 £1,484 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£188,500 £4,167 8
2023£272,188 £3,492 12
2022£278,609 £3,383 23
2021£251,779 £3,077 26
2020£250,136 £2,919 46
2019£237,975 £2,903 41
2018£259,455 £2,770 36
2017£210,419 £2,743 14
2016£221,479 £2,722 28
2015£173,833 £2,278 3
2014£165,000 £2,430 3
2012£150,000 £2,130 2
2011£151,000 £1,824 2
2010£155,500 £1,949 2
2009£131,225 £2,097 2
2008£153,0002
2007£170,500 £2,142 4
2006£148,750 £1,825 2
2005£152,000 £1,573 2
2004£137,000 £1,731 2
2003£138,0001
2002£94,000 £1,133 1
2001£79,125 £1,165 4
2000£68,736 £992 4
1999£61,667 £734 3
1998£56,650 £753 5
1997£46,238 £743 4
1996£54,000 £722 2
1995£47,750 £596 3
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£364,000 £3,335 6
2023£352,583 £3,311 6
2022£405,146 £3,004 25
2021£358,051 £3,046 39
2020£323,991 £3,030 37
2019£324,987 £2,821 52
2018£333,495 £2,959 24
2017£351,724 £2,487 26
2016£280,331 £2,530 46
2015£243,322 £2,589 6
2014£201,000 £2,148 2
2013£201,125 £2,112 4
2012£158,000 £2,147 1
2011£170,000 £2,048 1
2010£155,000 £1,802 1
2009£146,000 £1,753 3
2008£168,500 £2,373 1
2007£222,250 £1,951 2
2006£160,317 £2,353 3
2005£139,000 £1,986 2
2004£117,498 £1,494 2
2003£116,667 £1,656 3
2002£117,750 £1,618 4
2001£82,975 £1,011 2
1999£57,917 £765 3
1998£88,250 £703 2
1997£52,625 £660 4
1996£25,0001
1995£40,0002
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£175,2504
2023£177,692 £3,277 13
2022£177,370 £3,229 27
2021£164,006 £2,801 31
2020£158,334 £2,675 12
2019£157,975 £2,866 23
2018£158,734 £2,759 45
2017£164,742 £2,705 14
2016£154,903 £2,662 33
2015£145,708 £2,578 6
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£462,796 £7,062 4
2020£366,823 £1,986 6
2019£146,256 £2,050 4
2018£129,284 £2,036 2
2017£596,078 £7,697 3

House Type in NR7 8LR area

The most common house types in the NR7 8LR postcode area are Semi-detached (39), Terraced (39), and Flat (34).

Total132
Semi-detached39
Terraced39
Flat34
Detached20
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (73), and Social rented: Other social rented (28).

Owned: Owns with a mortgage or loan73
Social rented: Other social rented28
Owned: Owns outright9
Social rented: Rents from council or Local Authority9
Shared ownership: Shared ownership5
Private rented: Private landlord or letting agency4
Private rented: Other private rented1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the NR7 8LR have 2 people in household (55), and 3 people in household (28).

2 people in household55
3 people in household28
1 person in household26
4 people in household14
5 people in household7
6 people in household2
0 people in household0
7 people in household0
8 or more people in household0