NR35 (Bungay) area guide

NR35
Bungay
The NR35 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bedingham, Broome, Bungay, Ditchingham, Ditchingham and Broome, Earsham, Ellingham, Flixton, Gillingham, Hedenham, Hempnall, Ilketshall St John, Ilketshall St Margaret, Kirby Cane, Mettingham, Norfolk, St Michael South Elmham, St Peter South Elmham, Suffolk, The Saints, Thwaite, Topcroft, Wainford, Woodton.
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Notes:

A Mouseprice property guide for NR35 Bungay is coming soon. In the meantime, please have a look at the raw data and statistics about NR35 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Norwich propertyThe size of the property market in NR35 is 4743 homes.

Norwich propertyThe postcode district NR35 has been experiencing annual growth of 14.5% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatea dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Norwich propertyDuring the last 3 months, property in this postcode district has averaged a value of £167082.

Norwich propertyPrice earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 8.4.

Norwich propertyNew transactions as a percentage of overall sales are 6.4%.

Housing stock:

Bungay propertyThe most readily available type of property in the area are Detached Houses, making up 46.9% of the total.

Bungay propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 6.2% are this type.

Bungay propertyThis is an area with a high proportion of property suitable for families with children.

Bungay propertySocially rented accommodation represents 13.2% of the total rented accommodation in the area.

Bungay propertyThe majority of property in this area is owner occupied.

Bungay propertyThe average price of a two bed property in this area is less that the national average of £187894 at £146958.

Who lives here:

Bungay propertyThe population of this postcode district is 10714.
Bungay propertyThe average age in this area is 43.
Bungay propertyThis area has a high percentage of married people at 23.2%.
Bungay propertyAverage working hours in this area for men are 43 and for women are 29.
Bungay propertyThis area is relatively rural, with only 1 people per square kilometre.
Bungay propertyThe largest source of work in this area is Health & Social Work (20.7% of workers), followed by Wholesale & Retail (15%).