Housing Market Analysis for SOMERSET WAY, NR8 6TL

Are you looking to understand NR8 6TL 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 NR8 6TL area, explore the NR8 6TL Area information page.
For comprehensive crime statistics in the NR8 6TL area, explore the NR8 6TL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NR8 6TL postcode area, The average prices are as follows,

  • Detached
    • The average price is around £257,600 median price is £187,000 Standard Deviation is £124,920 with Total Sold: 5
    • The Last 5 Year average price is £494,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 16 SOMERSET WAY: £494,000 (Sold on 03 Oct 2022)
    • The first recorded sale happened at this postcode is 16 SOMERSET WAY: £172,000 (Sold on 23 Jul 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average NR8 6TL 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
2022£494,000 £2,994 1
2015£275,000 £2,037 1
2001£173,000 £1,198 3

All the Sales in the SOMERSET WAY, NR8 6TL

See the table below for more details on the sold house prices in the NR8 6TL, Broadland postcode.

AddressSold DatePrice% Change
16 SOMERSET WAYDetached, FreeholdArea: 165 Sq.mtrAge: 1967-197503 Oct 2022£494,000187.21%
23 Jul 2001£172,000First Sale
14 SOMERSET WAYDetached, FreeholdArea: 135 Sq.mtrAge: 1976-198226 Oct 2015£275,000First Sale
15 SOMERSET WAYDetached, FreeholdArea: 138.2 Sq.mtrAge: 1967-197521 Dec 2001£187,000First Sale
21 SOMERSET WAYDetached, Freehold13 Aug 2001£160,000First Sale

Check out the sold house prices near the NR8 6TL postcode. Properties currently for saleProperties currently for rent

SOMERSET WAY, NR8 6TL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NR8 6TL 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 NR8 6TL postcode.

  • Semi-Detached
    • The average price is around £124,649 median price is £103,750 Standard Deviation is £77,706 with Total Sold: 384
    • The Last 5 Year average price is £256,195 with Total Sold: 58
    • The most recent sale happened at this postcode is , 74 LLOYD ROAD: £268,000 (Sold on 30 Jul 2024)
    • The first recorded sale happened at this postcode is , 25 JUNIPER WAY: £59,500 (Sold on 02 Feb 1995)
  • Detached
    • The average price is around £219,646 median price is £200,000 Standard Deviation is £141,914 with Total Sold: 624
    • The Last 5 Year average price is £393,951 with Total Sold: 110
    • The most recent sale happened at this postcode is , 2 LLOYD ROAD: £310,000 (Sold on 06 Jun 2024)
    • The first recorded sale happened at this postcode is , BRAMLEYS THE STREET: £95,000 (Sold on 11 Jan 1995)
  • Other
    • The average price is around £645,179 median price is £199,293 Standard Deviation is £970,791 with Total Sold: 10
    • The Last 5 Year average price is £645,179 with Total Sold: 10
    • The most recent sale happened at this postcode is , 3 DRAPER WAY: £102,278 (Sold on 13 May 2024)
    • The first recorded sale happened at this postcode is , 21 DRAPER WAY: £3,360,000 (Sold on 30 Apr 2019)
  • Flat
    • The average price is around £69,313 median price is £69,500 Standard Deviation is £35,972 with Total Sold: 75
    • The Last 5 Year average price is £130,944 with Total Sold: 9
    • The most recent sale happened at this postcode is , 39 MULBERRY COURT: £150,000 (Sold on 03 May 2024)
    • The first recorded sale happened at this postcode is , 52 MULBERRY COURT: £24,500 (Sold on 19 Dec 1995)
  • Terraced
    • The average price is around £107,673 median price is £109,225 Standard Deviation is £56,216 with Total Sold: 258
    • The Last 5 Year average price is £201,964 with Total Sold: 28
    • The most recent sale happened at this postcode is , 9 NIGHTINGALE CLOSE: £325,000 (Sold on 08 Apr 2024)
    • The first recorded sale happened at this postcode is , 35 SNOWBERRY CLOSE: £45,650 (Sold on 09 Jan 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£280,333 £2,989 3
2023£258,038 £3,567 13
2022£294,286 £3,684 7
2021£257,308 £3,278 25
2020£263,333 £2,886 3
2019£197,300 £3,271 7
2018£228,000 £3,200 4
2017£190,625 £2,822 4
2016£197,167 £2,950 6
2015£186,643 £2,585 7
2014£188,780 £2,496 5
2013£161,779 £1,966 7
2012£149,812 £2,254 4
2011£138,332 £1,859 6
2010£140,492 £2,271 6
2009£141,955 £1,982 11
2008£171,100 £2,038 5
2007£148,911 £2,397 9
2006£167,205 £2,110 21
2005£152,909 £1,845 11
2004£131,608 £2,107 6
2003£120,586 £1,729 21
2002£95,829 £1,325 24
2001£79,956 £1,133 17
2000£73,768 £965 20
1999£54,835 £785 24
1998£60,635 £801 29
1997£50,397 £712 26
1996£49,433 £751 26
1995£52,461 £767 27
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£338,667 £3,551 6
2023£370,875 £3,067 12
2022£409,340 £3,483 15
2021£427,832 £3,255 49
2020£324,206 £2,879 17
2019£385,158 £2,609 11
2018£333,937 £2,796 21
2017£324,824 £2,634 23
2016£290,772 £2,514 11
2015£298,245 £2,327 22
2014£249,385 £2,132 13
2013£248,325 £2,197 20
2012£185,495 £2,384 10
2011£234,605 £1,941 19
2010£277,055 £2,358 10
2009£209,075 £2,056 20
2008£265,583 £1,876 12
2007£213,567 £1,945 11
2006£205,825 £1,802 32
2005£215,797 £2,105 18
2004£200,470 £1,698 22
2003£194,962 £1,568 24
2002£150,864 £1,333 24
2001£126,914 £1,226 36
2000£118,914 £1,026 18
1999£100,271 £740 19
1998£99,876 £806 37
1997£86,708 £669 29
1996£69,044 £653 37
1995£73,540 £574 26
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£102,2781
2023£215,000 £4,388 1
2022£409,872 £1,152 3
2021£137,953 £2,291 2
2019£1,542,996 £14,670 3
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£150,0001
2023£125,500 £2,882 2
2022£133,000 £4,156 2
2021£125,000 £3,906 1
2020£155,000 £3,875 1
2019£115,750 £3,558 2
2017£93,500 £2,833 1
2016£101,625 £2,807 2
2015£95,000 £3,065 1
2013£108,500 £2,523 1
2011£74,500 £2,328 1
2010£82,000 £2,398 1
2009£76,000 £2,303 1
2008£88,500 £2,812 2
2007£109,650 £3,024 3
2006£91,725 £2,447 8
2005£87,250 £2,378 3
2004£75,148 £2,337 3
2003£69,900 £2,017 5
2002£60,487 £1,666 4
2001£41,339 £1,236 10
2000£34,640 £1,044 5
1999£26,188 £804 4
1998£26,500 £772 5
1997£24,500 £790 1
1996£24,000 £712 4
1995£24,500 £742 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£297,5002
2023£197,500 £3,795 2
2022£231,800 £3,440 5
2021£195,400 £3,616 5
2020£189,500 £2,969 8
2019£168,833 £3,048 6
2018£175,167 £3,204 3
2017£164,830 £2,997 10
2016£151,985 £2,652 10
2015£153,688 £2,495 8
2014£128,100 £2,611 5
2013£137,269 £2,247 13
2012£130,119 £2,298 8
2011£127,743 £2,222 7
2010£127,075 £2,176 6
2009£122,000 £1,968 8
2008£136,000 £2,598 5
2007£139,650 £2,407 6
2006£127,445 £2,306 11
2005£112,330 £2,184 10
2004£105,629 £1,998 7
2003£94,808 £1,782 12
2002£78,237 £1,173 8
2001£60,505 £1,073 15
2000£56,592 £1,021 12
1999£46,859 £764 16
1998£43,916 £732 9
1997£47,595 £691 13
1996£40,236 £738 12
1995£45,224 £707 16

House Type in NR8 6TL area

The most common house types in the NR8 6TL postcode area are Detached (86), Semi-detached (34), and Terraced (18).

Total139
Detached86
Semi-detached34
Terraced18
Shared house1
Flat0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (63), and Owned: Owns with a mortgage or loan (52).

Owned: Owns outright63
Owned: Owns with a mortgage or loan52
Private rented: Private landlord or letting agency19
Private rented: Other private rented4
Social rented: Other social rented1
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the NR8 6TL have 2 people in household (51), and 1 person in household (38).

2 people in household51
1 person in household38
3 people in household25
4 people in household17
5 people in household5
6 people in household2
8 or more people in household1
0 people in household0
7 people in household0