NR11 8RE is a residential postcode situated on Sustead Road, Lower Gresham, Norwich, NR11 with 46 addresses.
It ranks as the 737th largest and 440th most expensive of the 763 postcodes in the NR11 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 46 properties: 45 houses and 1 flat.
NR11 8RE is a residential postcode situated on Sustead Road, Lower Gresham, Norwich, NR11 with 46 addresses.
It ranks as the 737th largest and 440th most expensive of the 763 postcodes in the NR11 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 46 properties: 45 houses and 1 flat.
Sale prices range from £154,684 for 2 bedroom Leasehold flats (952 ft2) to £792,024 for 5 bedroom freehold houses with a garden (3,530 ft2) .
Monthly rental prices range from £770 pcm for 2 bed flats to £2,580 pcm for 5 bed houses.
The gross rental yield is between 3.5% and 6.0%.
The average value per square foot is £382.
The last sale in NR11 8RE sold for £320,000 on 12th December 2022. Since then prices are down an average of 6.2%.
The current average value in the postcode is £427,396.
The NR11 8RE Sales Market has increased by 36.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.1% | £427,396 |
| May 2025 | -1.6% | £436,448 |
| May 2024 | -3% | £443,347 |
| May 2023 | 1.1% | £457,061 |
| May 2022 | 12.8% | £451,982 |
| May 2021 | 7.3% | £400,855 |
| May 2020 | 2.3% | £373,658 |
| May 2019 | 4.1% | £365,227 |
| May 2018 | 5.7% | £350,688 |
| May 2017 | 6% | £331,700 |
| May 2016 | 4.9% | £312,822 |
| May 2015 | 6.3% | £298,188 |
| May 2014 | 5.6% | £280,560 |
| May 2013 | 1.5% | £265,576 |
| May 2012 | -0.6% | £261,620 |
| May 2011 | 0.5% | £263,299 |
| May 2010 | 7.9% | £262,116 |
| May 2009 | -8.5% | £243,033 |
| May 2008 | -0.5% | £265,716 |
| May 2007 | 0% | £266,990 |
The current average rental value in the postcode is £1,428.
The NR11 8RE Rental Market has increased by 57.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.9% | £1,428pcm |
| May 2025 | 5.8% | £1,388pcm |
| May 2024 | 5.4% | £1,313pcm |
| May 2023 | 7.1% | £1,246pcm |
| May 2022 | 9.7% | £1,163pcm |
| May 2021 | 7.8% | £1,060pcm |
| May 2020 | 2.6% | £983pcm |
| May 2019 | 0.8% | £958pcm |
| May 2018 | 1.4% | £951pcm |
| May 2017 | 3.7% | £938pcm |
| May 2016 | 3.7% | £904pcm |
| May 2015 | 3.8% | £872pcm |
| May 2014 | 1.9% | £840pcm |
| May 2013 | 1.2% | £825pcm |
| May 2012 | 1.3% | £815pcm |
| May 2011 | 2.5% | £804pcm |
| May 2010 | 6.3% | £785pcm |
| May 2009 | -5.9% | £739pcm |
| May 2008 | 2.7% | £785pcm |
| May 2007 | 0% | £764pcm |
The last sale was on 12th December 2022 for £320,000 and since then the market in the area has decreased by 6.2%. The postcode has had a total of 21 sales since 1995.
NR11 8RE has seen no sales in the last three years and no sales in the last twelve months.
NR11 8RE is the 737th largest and the 440th most expensive postcode out of the 763 postcodes in the NR11 area.
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The closest station to NR11 8RE is West Runton station which is 4.4 kilometres away.
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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.
The recent census recorded whether a resident owned or rented their home.
In the area around NR11 8RE, 52.6% of property is privately owned outright and 25.0% is privately owned with a mortgage.
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 NR11 8RE, 14.6% of residents are recorded as possessing school level qualifications and 35.8% 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 NR11 8RE, the average age was 49.9 and the most common age was 72.
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 NR11 8RE, 1.3% 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 NR11 8RE, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.