NR1 2QB is a residential postcode situated on Grove Avenue, Norwich, NR1 with 13 addresses.
It ranks as the 251st largest and 651st most expensive of the 674 postcodes in the NR1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 13 properties: 11 houses and 2 flats.
NR1 2QB is a residential postcode situated on Grove Avenue, Norwich, NR1 with 13 addresses.
It ranks as the 251st largest and 651st most expensive of the 674 postcodes in the NR1 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 13 properties: 11 houses and 2 flats.
Sale prices range from £148,059 for 2 bedroom Leasehold flats with a garden (731 ft2) to £704,739 for 5 bedroom freehold houses with a garden (1,991 ft2) .
Monthly rental prices range from £867 pcm for 2 bed flats to £2,368 pcm for 5 bed houses.
The gross rental yield is between 3.9% and 7.0%.
The average value per square foot is £360.
The last sale in NR1 2QB sold for £300,000 on 2nd August 2024. Since then prices are down an average of 3.5%.
The current average value in the postcode is £506,673.
The NR1 2QB Sales Market has increased by 12.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.6% | £506,673 |
| April 2025 | -1.6% | £515,016 |
| April 2024 | -2.4% | £523,331 |
| April 2023 | 1.5% | £536,290 |
| April 2022 | 6.7% | £528,264 |
| April 2021 | 4.2% | £495,292 |
| April 2020 | 0.3% | £475,356 |
| April 2019 | 1.5% | £474,136 |
| April 2018 | 0.6% | £467,056 |
| April 2017 | 3.5% | £464,189 |
| April 2016 | 5.7% | £448,585 |
| April 2015 | 7.7% | £424,546 |
| April 2014 | 7.6% | £394,244 |
| April 2013 | 5.5% | £366,448 |
| April 2012 | -0.7% | £347,270 |
| April 2011 | -2.6% | £349,876 |
| April 2010 | 7.5% | £359,238 |
| April 2009 | -14.1% | £334,034 |
| April 2008 | -2.8% | £388,773 |
| April 2007 | 0% | £399,850 |
The current average rental value in the postcode is £1,755.
The NR1 2QB Rental Market has increased by 53.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £1,755pcm |
| April 2025 | 2.8% | £1,724pcm |
| April 2024 | 8.9% | £1,678pcm |
| April 2023 | 7.5% | £1,540pcm |
| April 2022 | 7.6% | £1,433pcm |
| April 2021 | 7.7% | £1,332pcm |
| April 2020 | 3.1% | £1,236pcm |
| April 2019 | 0.8% | £1,199pcm |
| April 2018 | 1.8% | £1,189pcm |
| April 2017 | 1.8% | £1,167pcm |
| April 2016 | 3.7% | £1,147pcm |
| April 2015 | 2.9% | £1,106pcm |
| April 2014 | 1.7% | £1,075pcm |
| April 2013 | 3.6% | £1,057pcm |
| April 2012 | 2.6% | £1,020pcm |
| April 2011 | 2.8% | £994pcm |
| April 2010 | 4.1% | £967pcm |
| April 2009 | -8% | £929pcm |
| April 2008 | 1.7% | £1,009pcm |
| April 2007 | 0% | £993pcm |
The last sale was on 2nd August 2024 for £300,000 and since then the market in the area has decreased by 3.5%. The postcode has had a total of 8 sales since 1995.
NR1 2QB has seen 1 sale in the last three years and no sales in the last twelve months.
NR1 2QB is the 251st largest and the 651st most expensive postcode out of the 674 postcodes in the NR1 area.
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The closest station to NR1 2QB is Norwich station which is 1.4 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around NR1 2QB, 45.9% of property is privately owned outright and 31.2% is privately rented.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NR1 2QB, 12.7% of residents are recorded as possessing school level qualifications and 51.4% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NR1 2QB, the average age was 41 and the most common age was 22.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NR1 2QB, 2.6% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NR1 2QB, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.