NR23 1BG is a residential postcode situated on Freeman Street, Wells-Next-The-Sea, NR23 with 6 addresses.
It ranks as the 448th largest and 856th most expensive of the 1,040 postcodes in the NR23 area.
The postcode contains a total of 6 properties: 5 houses and 1 flat.
NR23 1BG is a residential postcode situated on Freeman Street, Wells-Next-The-Sea, NR23 with 6 addresses.
It ranks as the 448th largest and 856th most expensive of the 1,040 postcodes in the NR23 area.
The postcode contains a total of 6 properties: 5 houses and 1 flat.
Sale prices range from £142,989 for 2 bedroom leasehold flats (572 ft2) to £589,851 for 3 bedroom leasehold houses with a garden (1,213 ft2) .
Monthly rental prices range from £738 pcm for 2 bed flats to £1,658 pcm for 3 bed houses.
The gross rental yield is between 3.4% and 6.2%.
The average value per square foot is £556.
The last sale in NR23 1BG sold for £380,000 on 30th April 2024. Since then prices are down an average of 3.7%.
The current average value in the postcode is £432,640.
The NR23 1BG Sales Market has increased by 29.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.8% | £432,640 |
| April 2025 | 0.2% | £449,634 |
| April 2024 | -2.8% | £448,952 |
| April 2023 | 0.6% | £462,043 |
| April 2022 | 10.5% | £459,420 |
| April 2021 | 9% | £415,623 |
| April 2020 | 2.8% | £381,163 |
| April 2019 | 1.5% | £370,782 |
| April 2018 | 5.2% | £365,474 |
| April 2017 | 3.8% | £347,431 |
| April 2016 | 6.7% | £334,849 |
| April 2015 | 7% | £313,830 |
| April 2014 | 2.3% | £293,426 |
| April 2013 | 3% | £286,745 |
| April 2012 | 0% | £278,396 |
| April 2011 | -0.4% | £278,292 |
| April 2010 | 5.7% | £279,279 |
| April 2009 | -9.8% | £264,148 |
| April 2008 | 2.5% | £292,985 |
| April 2007 | 0% | £285,701 |
The current average rental value in the postcode is £1,321.
The NR23 1BG Rental Market has increased by 51.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.1% | £1,321pcm |
| April 2025 | 6.7% | £1,294pcm |
| April 2024 | 4.3% | £1,213pcm |
| April 2023 | 6.8% | £1,163pcm |
| April 2022 | 8.4% | £1,089pcm |
| April 2021 | 8% | £1,004pcm |
| April 2020 | 3.4% | £930pcm |
| April 2019 | 0.6% | £899pcm |
| April 2018 | 0.2% | £894pcm |
| April 2017 | 2.6% | £892pcm |
| April 2016 | 5.5% | £870pcm |
| April 2015 | 3.3% | £824pcm |
| April 2014 | 1.4% | £798pcm |
| April 2013 | 4.4% | £787pcm |
| April 2012 | -0.5% | £754pcm |
| April 2011 | 0.5% | £757pcm |
| April 2010 | 4.3% | £753pcm |
| April 2009 | -5.3% | £722pcm |
| April 2008 | 6.3% | £762pcm |
| April 2007 | 0% | £717pcm |
The last sale was on 30th April 2024 for £380,000 and since then the market in the area has decreased by 3.7%. The postcode has had a total of 12 sales since 1995.
NR23 1BG has seen 1 sale in the last three years and no sales in the last twelve months.
NR23 1BG is the 448th largest and the 856th most expensive postcode out of the 1,040 postcodes in the NR23 area.
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The closest station to NR23 1BG is Sheringham station which is 24.5 kilometres away.
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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 NR23 1BG, 61.8% of property is privately owned outright and 20.6% 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 NR23 1BG, 12.2% of residents are recorded as possessing school level qualifications and 41.2% 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 NR23 1BG, the average age was 52 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 NR23 1BG, 2.3% 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 NR23 1BG, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.