NR5 8AX is a residential postcode situated on Gipsy Lane, Norwich, NR5 with 27 addresses.
It ranks as the 411th largest and 604th most expensive of the 608 postcodes in the NR5 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 27 properties: 27 houses.
NR5 8AX is a residential postcode situated on Gipsy Lane, Norwich, NR5 with 27 addresses.
It ranks as the 411th largest and 604th most expensive of the 608 postcodes in the NR5 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 27 properties: 27 houses.
Sale prices range from £251,356 for 3 bedroom freehold houses with a garden (742 ft2) to £826,376 for 4 bedroom freehold houses with a garden (3,293 ft2) .
Monthly rental prices range from £1,070 pcm for 3 bed houses to £2,682 pcm for 4 bed houses.
The gross rental yield is between 3.9% and 5.8%.
The average value per square foot is £353.
The last sale in NR5 8AX sold for £395,000 on 30th April 2025. Since then prices are down an average of 1.6%.
The current average value in the postcode is £532,629.
The NR5 8AX Sales Market has increased by 26.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.6% | £532,629 |
| April 2025 | -0.5% | £541,340 |
| April 2024 | -4.7% | £544,020 |
| April 2023 | 4.9% | £570,918 |
| April 2022 | 8.6% | £544,318 |
| April 2021 | 5.5% | £501,010 |
| April 2020 | 2.2% | £474,725 |
| April 2019 | 1.3% | £464,313 |
| April 2018 | 4.5% | £458,186 |
| April 2017 | 4.3% | £438,544 |
| April 2016 | 7.5% | £420,653 |
| April 2015 | 7.6% | £391,288 |
| April 2014 | 7.9% | £363,511 |
| April 2013 | 5.7% | £336,956 |
| April 2012 | 0.2% | £318,841 |
| April 2011 | -0.6% | £318,092 |
| April 2010 | 10.1% | £319,935 |
| April 2009 | -12.7% | £290,632 |
| April 2008 | -1.6% | £333,072 |
| April 2007 | 0% | £338,567 |
The current average rental value in the postcode is £1,823.
The NR5 8AX Rental Market has increased by 66.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £1,823pcm |
| April 2025 | 3.9% | £1,782pcm |
| April 2024 | 5.9% | £1,716pcm |
| April 2023 | 7.8% | £1,620pcm |
| April 2022 | 9.4% | £1,502pcm |
| April 2021 | 12.1% | £1,373pcm |
| April 2020 | 4.6% | £1,225pcm |
| April 2019 | 1.5% | £1,171pcm |
| April 2018 | 0.8% | £1,154pcm |
| April 2017 | 4.5% | £1,145pcm |
| April 2016 | 4.8% | £1,096pcm |
| April 2015 | 4.1% | £1,045pcm |
| April 2014 | 3.4% | £1,004pcm |
| April 2013 | 3.6% | £972pcm |
| April 2012 | 3.6% | £938pcm |
| April 2011 | 2% | £905pcm |
| April 2010 | 5.5% | £888pcm |
| April 2009 | -5.6% | £842pcm |
| April 2008 | -0.1% | £892pcm |
| April 2007 | 0% | £893pcm |
The last sale was on 30th April 2025 for £395,000 and since then the market in the area has decreased by 1.6%. The postcode has had a total of 31 sales since 1995.
NR5 8AX has seen 5 sales in the last three years and no sales in the last twelve months.
NR5 8AX is the 411th largest and the 604th most expensive postcode out of the 608 postcodes in the NR5 area.
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The closest station to NR5 8AX is Norwich station which is 3.5 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around NR5 8AX, 38.0% of property is privately owned outright and 26.3% 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 NR5 8AX, 34.9% of residents are recorded as possessing school level qualifications and 45.5% 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 NR5 8AX, the average age was 35 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 NR5 8AX, 1.1% 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 NR5 8AX, there are an average of 1.3 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.