Prince Of Wales Road - NR1 1LB
Key Postcode Insights
NR1 1LB is a residential postcode situated on Prince Of Wales Road, Norwich, NR1 with 4 addresses.
It ranks as the 92nd largest and 411th most expensive of the 673 postcodes in the NR1 area.
The postcode contains a total of 4 properties: 4 houses.
- Ave. Sale Price
- £236,627
- 10 Year change
- up 17.0%
- Ave. Rental Price
- £1,024pcm
- 10 Year change
- up 62.9%
- Ave. £ per ft²
- £370/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Key Postcode Insights
NR1 1LB is a residential postcode situated on Prince Of Wales Road, Norwich, NR1 with 4 addresses.
It ranks as the 92nd largest and 411th most expensive of the 673 postcodes in the NR1 area.
The postcode contains a total of 4 properties: 4 houses.
- Ave. Sale Price
- £236,627
- 10 Year change
- up 17.0%
- Ave. Rental Price
- £1,024pcm
- 10 Year change
- up 62.9%
- Ave. £ per ft²
- £370/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Explore Propertiesin NR1 1LB
- 2 Prince Of Wales Road
Unknown
- 14 Prince Of Wales Road
Unknown
- 22-22A Prince Of Wales Road
Unknown
Sales Market Trends
The last sale in NR1 1LB sold for £1,870,000 on 22nd December 2023. Since then prices are down an average of 0.0%.
The current average value in the postcode is £236,627.
The NR1 1LB Sales Market has increased by 17.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.9% | £236,627 |
| June 2025 | -0.7% | £241,179 |
| June 2024 | -1.3% | £242,852 |
| June 2023 | -1.5% | £245,934 |
| June 2022 | 9.5% | £249,592 |
| June 2021 | 5.4% | £228,031 |
| June 2020 | 0.1% | £216,427 |
| June 2019 | 1.4% | £216,216 |
| June 2018 | 1.2% | £213,193 |
| June 2017 | 4.2% | £210,680 |
| June 2016 | 6.6% | £202,229 |
| June 2015 | 7.8% | £189,713 |
| June 2014 | 8.9% | £176,051 |
| June 2013 | 4.6% | £161,618 |
| June 2012 | -0.1% | £154,449 |
| June 2011 | -4.3% | £154,555 |
| June 2010 | 10.2% | £161,478 |
| June 2009 | -10.4% | £146,573 |
| June 2008 | -8.8% | £163,538 |
| June 2007 | 0% | £179,320 |
Rental Market Trends
The current average rental value in the postcode is £1,024.
The NR1 1LB Rental Market has increased by 62.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.7% | £1,024pcm |
| June 2025 | 3.6% | £988pcm |
| June 2024 | 7.6% | £953pcm |
| June 2023 | 8.1% | £886pcm |
| June 2022 | 10.2% | £820pcm |
| June 2021 | 7.8% | £744pcm |
| June 2020 | 3.3% | £690pcm |
| June 2019 | 0.8% | £668pcm |
| June 2018 | 2.5% | £662pcm |
| June 2017 | 2.8% | £647pcm |
| June 2016 | 5.3% | £629pcm |
| June 2015 | 2.9% | £597pcm |
| June 2014 | 1.6% | £580pcm |
| June 2013 | 2.9% | £571pcm |
| June 2012 | 2.8% | £554pcm |
| June 2011 | 2.2% | £539pcm |
| June 2010 | 6.8% | £528pcm |
| June 2009 | -5.5% | £494pcm |
| June 2008 | -0.6% | £523pcm |
| June 2007 | 0% | £526pcm |
Sales History
The last sale was on 22nd December 2023 for £1,870,000 and since then the market in the area has remained stable. The postcode has had a total of 6 sales since 1995.
NR1 1LB has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Dec 2023£1,870,000 | 3 Bed House2, Prince Of Wales Road, Norwich, NR1 1LB2, Prince Of Wales Road, Norwich, NR1 1LB
- Sold Aug 2022£356,000 | 3 Bed House22-22A, Prince Of Wales Road, Norwich, NR1 1LB22-22A, Prince Of Wales Road, Norwich, NR1 1LB
- Sold Sep 2018£2,495,000 | 3 Bed House2, Prince Of Wales Road, Norwich, NR1 1LB2, Prince Of Wales Road, Norwich, NR1 1LB
- Sold Feb 2017£460,000 | 3 Bed HouseGreyfriars House 18-20, Prince Of Wales Road, Norwich, NR1 1LBGreyfriars House 18-20, Prince Of Wales Road, Norwich, NR1 1LB
- Sold Feb 2015£1,500,000 | 3 Bed House2, Prince Of Wales Road, Norwich, NR1 1LB2, Prince Of Wales Road, Norwich, NR1 1LB
Nearby Postcodes
NR1 1LB is the 92nd largest and the 411th most expensive postcode out of the 673 postcodes in the NR1 area.
- NR1 1BD, Prince Of Wales Road, Norwich, NR1NR1 1BD3 Addresses|40 m away
- NR1 1LG, Prince Of Wales Road, Norwich, NR1NR1 1LG5 Addresses|53 m away
- NR1 1BG, Prince Of Wales Road, Norwich, NR1NR1 1BG8 Addresses|93 m away
- NR1 1DB, King Street, Norwich, NR1NR1 1DB24 Addresses|95 m away
- NR1 1PR, Greyfriars Road, Norwich, NR1NR1 1PR66 Addresses|107 m away
Property Types
- 4 other addresses of unknown type
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 0 properties.
- The most common rating is no_epc_ratings.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Dec 2016£3,200,000 | 1 Bed Flat1, Grosvenor House 112-114, Prince Of Wales Road, Norwich, NR1 1NS1, Grosvenor House 112-114, Prince Of Wales Road, Norwich, NR1 1NS
- Sold Sep 2018£2,495,000 | 3 Bed House2, Prince Of Wales Road, Norwich, NR1 1LB2, Prince Of Wales Road, Norwich, NR1 1LB
- Sold Jul 2015£1,910,191 | 3 Bed House28, Prince Of Wales Road, Norwich, NR1 1LG28, Prince Of Wales Road, Norwich, NR1 1LG
Schools Nearby
- Charles Darwin Primary School300 m away
- The Free School Norwich700 m away
- Bignold Primary School and Nursery1.0 km away
- Jane Austen College600 m away
- Notre Dame High School, Norwich800 m away
- Hewett Academy1.9 km away
More reading links
Public Transport Nearby
The closest station to NR1 1LB is Norwich station, which is 600 metres away.
- Norwich|600 m away
- Salhouse|8.0 km away
- Brundall Gardens|8.1 km away
- Brundall|9.5 km away