NR3 1LR is a residential postcode situated on Magdalen Street, Norwich, NR3 with 11 addresses.
It ranks as the 234th largest and 104th most expensive of the 763 postcodes in the NR3 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 11 properties: 2 houses and 9 flats.
NR3 1LR is a residential postcode situated on Magdalen Street, Norwich, NR3 with 11 addresses.
It ranks as the 234th largest and 104th most expensive of the 763 postcodes in the NR3 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 11 properties: 2 houses and 9 flats.
Sale prices range from £115,666 for 1 bedroom leasehold flats (430 ft2) to £369,645 for 4 bedroom leasehold houses with a garden (1,184 ft2) .
Monthly rental prices range from £762 pcm for 1 bed flats to £1,529 pcm for 4 bed houses.
The gross rental yield is between 4.9% and 7.9%.
The average value per square foot is £247.
The last sale in NR3 1LR sold for £165,000 on 31st May 2024. Since then prices are up an average of 10.9%.
The current average value in the postcode is £177,329.
The NR3 1LR Sales Market has increased by 23.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.8% | £177,329 |
| April 2025 | -0.6% | £178,802 |
| April 2024 | -0.6% | £179,936 |
| April 2023 | 2.2% | £180,955 |
| April 2022 | 6.7% | £177,139 |
| April 2021 | 5% | £166,032 |
| April 2020 | 2.6% | £158,194 |
| April 2019 | 1.5% | £154,255 |
| April 2018 | 3.5% | £151,988 |
| April 2017 | 2.3% | £146,817 |
| April 2016 | 6.1% | £143,489 |
| April 2015 | 4.8% | £135,221 |
| April 2014 | 9.3% | £129,039 |
| April 2013 | 3.9% | £118,021 |
| April 2012 | 2.4% | £113,582 |
| April 2011 | -3.8% | £110,961 |
| April 2010 | 8.9% | £115,287 |
| April 2009 | -19.8% | £105,888 |
| April 2008 | -3.7% | £132,096 |
| April 2007 | 0% | £137,193 |
The current average rental value in the postcode is £955.
The NR3 1LR Rental Market has increased by 54.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.8% | £955pcm |
| April 2025 | 3% | £929pcm |
| April 2024 | 7.9% | £902pcm |
| April 2023 | 7.3% | £836pcm |
| April 2022 | 6.6% | £779pcm |
| April 2021 | 9.2% | £731pcm |
| April 2020 | 3.2% | £669pcm |
| April 2019 | 1.3% | £648pcm |
| April 2018 | 0.9% | £640pcm |
| April 2017 | 2.6% | £634pcm |
| April 2016 | 3.2% | £618pcm |
| April 2015 | 2.9% | £599pcm |
| April 2014 | 2.9% | £582pcm |
| April 2013 | 1.8% | £565pcm |
| April 2012 | 2.2% | £556pcm |
| April 2011 | 2.4% | £543pcm |
| April 2010 | 2.9% | £531pcm |
| April 2009 | -7.9% | £516pcm |
| April 2008 | -1.4% | £561pcm |
| April 2007 | 0% | £569pcm |
The last sale was on 31st May 2024 for £165,000 and since then the market in the area has increased by 10.9%. The postcode has had a total of 19 sales since 1995.
NR3 1LR has seen 6 sales in the last three years and no sales in the last twelve months.
NR3 1LR is the 234th largest and the 104th most expensive postcode out of the 763 postcodes in the NR3 area.
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The closest station to NR3 1LR is Norwich station which is 1.4 kilometres away.
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