Norfolk is a county in East Anglia in England. It borders Lincolnshire to the northwest, Cambridgeshire to the west and southwest, and Suffolk to the south. Its northern and eastern boundaries are the North Sea and to the northwest, The Wash. The county town is the city of Norwich.
Norfolk is possibly most famous for the man-made Broads, Britain's Magical Waterland and National Park, over 125 miles of navigable lock-free waterways set in beautiful countryside and with many charming and picturesque towns and villages
House prices in Norfolk are rising at their fastest rate in almost two decades.
Prices have soared across the UK in the last two years as a result of the pandemic and stamp duty cuts leading to higher asking prices.
Nationally, the average house price increased by 13.2% over the year to June 2021, the biggest annual growth the UK has seen since November 2004.
In Norfolk, the average home cost £258,288 in June this year which is 13.4% higher than in the previous June when the average price was £227,819, according to new figures from the Office for National Statistics.
Average UK house prices are now at a record high of £266,000, up £31,000 since this time last year.
The statistics show that in the past year, homes in Norfolk have had an extra £30,469 added to their price.
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Norfolk | Facts & Figures
Leading the UK's house price growth
Median price of a property
Local business boosting the economy
Population of Norfolk as of 2021
Number of properties in Norfolk as of 2021
Trains to Central London
Norfolk is the fifth largest county in England.
Development of the Month: Downham Market
Voted one of the happiest places to live in Britain, Downham ranked 6 in the top 10 list of an annual “happy at home” index compiled by Rightmove. Figures from Zoopla (December 2020) state the average price for property in Downham Market stands at £233,138 - a rise of 1.92% since Septermber
Prices from £274,999
3 & 4 bedroom luxury homes across a 30 acre site
Expected rents from £725 pcm
Returns circa 4 - 5%
Completion due Q1 2023
City Centre Location
34 minutes to Cambridge by train
1 hour 30 minute trains to Peterborough
1 hour 30 minutes to London Liverpool St
Norwhich Airport 1 hour drive
Stanstead Airport 1 hr 30 minutes drive
Experienced UK Developer
Flexible Payment Options - deposit payable over the build
Additional Properties in Norfolk
A selection of 1 & 2 bed apartments in Kings Lynn. Close to local amenities.
Location: Kings Lynn
Type: 1 and 2 bedroom apartments
Price Range: From £149,950
Completion: Completed & Tenanted
Predicted Yield: 4-6%
Below market value, strong rental demand and recently refurbished