Property trends for IP26

    IP26 covers parts of central Norfolk, including the market town of Swaffham and surrounding villages. It is a predominantly rural area with a mature demographic profile and a strong community character.

    At a Glance

    Average Property Price - IP26

    £300,995

    42

    National percentile

    Average Monthly Rent - IP

    £957

    43

    National percentile

    Average Net Household Income - IP26

    £37,329

    46

    National percentile

    Flat / Maisonette Yield - IP

    5.5%

    45

    National percentile

    10-Year Annualised Price Growth - IP26

    3.5%

    49

    National percentile

    10-Year Annualised Rent Growth - IP

    4.3%

    76

    National percentile

    Property Price & Volume Trends

    The latest average property price in IP26 is £301,000, which sits just below the national midpoint. Over the past decade, prices have grown at 3.5% per year—roughly in line with the national average. Transaction activity has softened slightly, with 127 sales in the latest full year compared to a 10-year average of 147 per year.

    Rent & Yield Trends

    Average monthly rent in the broader IP postcode area stands at £957, slightly below the national average. Rental growth over the past decade has been robust at 4.3% per year, placing it well above national rates of increase. The flat yield has risen to 5.5%, up from a 10-year average of 4.4%, reflecting the improved income return on rental property.

    Income & Affordability Trends

    Average household income in IP26 is £37,329, close to the national median. Purchase affordability has deteriorated: the price-to-income ratio has risen from 7.2x in 2016 to 8.5x today, making property increasingly expensive relative to local earnings. Rental affordability has also worsened, with rents now consuming 24.5% of household income, up from 21.4% in 2016.

    Resident Demographic Profile

    The population skews notably older, with those aged 50–64 and 65+ representing 22.3% and 23.1% respectively—well above national averages of 19.8% and 19.6%. Conversely, the 16–24 age group is underrepresented at 8.8%, compared to 11% nationally. Owner-occupation is above average at 40.9% owned outright, and the employment profile is notably weighted towards trades (16.1%), reflecting the area's rural and manual labour character.

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