Property trends for IP24

    IP24 covers rural areas in central Norfolk, positioned between Norwich and the Fenlands. It is a quiet, agricultural region with a traditional character and strong community identity.

    At a Glance

    Average Property Price - IP24

    £246,062

    27

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - IP

    £975

    44

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - IP24

    £38,004

    49

    National percentile

    2023 census data

    Flat / Maisonette Yield - IP

    6.1%

    64

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - IP24

    2.7%

    36

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - IP

    4.2%

    64

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — IP24

    Top 5 streets in IP24 ranked by 3-year average sale price.

    #Street3Y Avg
    1Aleutia Gardens£720,000
    2Mundford Road£700,000
    3Kingshill£699,950
    4Church Lane£655,000
    5Hallfield Road£614,087

    Latest Rent — IP24

    Property Price & Volume Trends

    The average property price in IP24 is £248,000, placing it below the national midpoint. Over the past decade, prices have grown at 3.6% annually—broadly in line with the national average, showing steady but unremarkable appreciation. Transaction activity has softened noticeably, with 284 sales recorded in the latest full year compared to a 10-year average of 366 per year.

    Rent & Yield Trends

    Average monthly rent in the broader IP postcode area is £957, slightly below the national median. Rental growth has been notably strong at 4.3% per year over the past decade, placing it among the fastest-growing areas nationally. The flat yield currently stands at 5.5%, a marked improvement on the 10-year average of 4.4%, reflecting recent rental momentum.

    Income & Affordability Trends

    Average household income is £38,000, close to the national average. Purchase affordability has deteriorated: the price-to-income ratio has risen from 6.2x in 2016 to 6.9x today, making property ownership increasingly stretched relative to earnings. Rental affordability has also worsened, with rent consuming 24.5% of household income compared to 21.4% a decade ago.

    Resident Demographic Profile

    The age profile is relatively balanced, though young adults aged 16–24 are underrepresented at 9.4% against the national average of 11.0%. Housing tenure shows slightly higher private rental occupancy (24.3%) and lower owner-occupancy than national norms. The employment mix is notably weighted towards manual and trades work: elementary occupations account for 15.9% of the workforce (well above the national 10.2%), trades at 11.8%, and plant/machine operatives at 15.5%, while professional occupations are markedly low at just 10.4%.

    Explore properties in IP24

    Streets in IP24

    Explore nearby