At a Glance
Average Property Price - IP33
£335,927
53
National percentile
Average Monthly Rent - IP
£957
43
National percentile
Average Net Household Income - IP33
£40,774
61
National percentile
Flat / Maisonette Yield - IP
5.5%
45
National percentile
10-Year Annualised Price Growth - IP33
2.0%
9
National percentile
10-Year Annualised Rent Growth - IP
4.3%
76
National percentile
Property Price & Volume Trends
The average property price in IP33 is £336,000, close to the national midpoint. Ten-year price growth has averaged 2.0% annually—among the slowest nationally—reflecting the more modest appreciation typical of rural Norfolk markets. Transaction activity totalled 374 sales in the latest full year, slightly below the 10-year average of 406, suggesting steady but unremarkable market momentum.
Rent & Yield Trends
Average monthly rent in the broader IP postcode area stands at £957, below the national average. Rent growth has accelerated notably, rising 4.3% per year over the past decade—well above the national trend. The flat yield has improved to 5.5% from its 10-year average of 4.4%, indicating a strengthening rental return and favourable conditions for buy-to-let investors.
Income & Affordability Trends
Average household net income is £40,774, somewhat above the national average. The price-to-income ratio of 8.9x has deteriorated from 7.3x in 2016, signalling that homes have become less affordable relative to local earnings over the past eight years. Rental affordability has also weakened, with rent-to-income ratios rising from 21.4% to 24.5%, putting greater pressure on tenant budgets.
Resident Demographic Profile
The population is notably older than average, with 24.3% aged 65 and over, compared to 19.6% nationally. The proportion of under-15s is correspondingly lower at 14.7%. Housing tenure shows stronger owner-occupation (35.5% outright, 21.7% mortgaged) and a higher private rental share at 25.5%. The workforce is skewed towards professionals (22.5%) and technical roles (14.7%), with fewer trades workers (9.1%) than the national average.