NR8 5GZ is a residential postcode situated on Kestrel Avenue, Costessey, Norwich, NR8 with 12 addresses.
It ranks as the 165th largest and 7th most expensive of the 468 postcodes in the NR8 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 12 properties: 12 flats.
NR8 5GZ is a residential postcode situated on Kestrel Avenue, Costessey, Norwich, NR8 with 12 addresses.
It ranks as the 165th largest and 7th most expensive of the 468 postcodes in the NR8 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 12 properties: 12 flats.
Sale prices range from £125,696 for 2 bedroom leasehold flats (452 ft2) to £154,515 for 2 bedroom leasehold flats (710 ft2) .
Monthly rental prices range from £659 pcm for 2 bed flats to £769 pcm for 2 bed flats.
The gross rental yield is between 6.0% and 6.3%.
The average value per square foot is £248.
The last sale in NR8 5GZ sold for £175,000 on 29th September 2023. Since then prices are down an average of 3.3%.
The current average value in the postcode is £140,106.
The NR8 5GZ Sales Market has increased by 15.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £140,106 |
| April 2025 | -0.3% | £142,492 |
| April 2024 | -3.1% | £142,943 |
| April 2023 | 3.6% | £147,486 |
| April 2022 | 4.2% | £142,358 |
| April 2021 | 6.7% | £136,591 |
| April 2020 | 0.5% | £127,961 |
| April 2019 | -0.5% | £127,370 |
| April 2018 | 3.3% | £128,025 |
| April 2017 | 2.3% | £123,905 |
| April 2016 | 4.6% | £121,063 |
| April 2015 | 5% | £115,789 |
| April 2014 | 7.7% | £110,286 |
| April 2013 | -1.7% | £102,355 |
| April 2012 | 3.1% | £104,128 |
| April 2011 | -4.2% | £101,025 |
| April 2010 | 7.4% | £105,418 |
| April 2009 | -16% | £98,143 |
| April 2008 | 0.2% | £116,887 |
| April 2007 | 0% | £116,707 |
The current average rental value in the postcode is £714.
The NR8 5GZ Rental Market has increased by 43.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £714pcm |
| April 2025 | 5% | £693pcm |
| April 2024 | 6.7% | £660pcm |
| April 2023 | 6.7% | £618pcm |
| April 2022 | 5.8% | £580pcm |
| April 2021 | 5.6% | £548pcm |
| April 2020 | 2.3% | £519pcm |
| April 2019 | 1.3% | £508pcm |
| April 2018 | -1.3% | £501pcm |
| April 2017 | 2.2% | £508pcm |
| April 2016 | 1.4% | £497pcm |
| April 2015 | 2.3% | £490pcm |
| April 2014 | 2.3% | £479pcm |
| April 2013 | 0.3% | £468pcm |
| April 2012 | 1.6% | £467pcm |
| April 2011 | 2.1% | £459pcm |
| April 2010 | 2% | £450pcm |
| April 2009 | -8.7% | £441pcm |
| April 2008 | 0.5% | £483pcm |
| April 2007 | 0% | £480pcm |
The last sale was on 29th September 2023 for £175,000 and since then the market in the area has decreased by 3.3%. The postcode has had a total of 18 sales since 1995.
NR8 5GZ has seen 1 sale in the last three years and no sales in the last twelve months.
NR8 5GZ is the 165th largest and the 7th most expensive postcode out of the 468 postcodes in the NR8 area.
Be the first Estate
Agent here!
The closest station to NR8 5GZ is Norwich station which is 9.6 kilometres away.
Be the first Estate
Agent here!