NR6 (Norwich) area guide
The NR6 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Catton Grove, Hellesdon, Hellesdon North West, Hellesdon South East, Mile Cross, Norfolk, Norwich, Old Catton, Old Catton and Sprowston West, Sprowston, Sprowston Central, Sprowston East, Wensum.
A Mouseprice property guide for NR6 Norwich is coming soon. In the meantime, please have a look at the raw data and statistics about NR6 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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.
The size of the property market in NR6 is 9872 homes.
When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 14.5%. This could well be because this is a 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.
The average property in this postcode district was valued at £156686 over the last 3 months.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 8.8.
New transactions as a percentage of overall sales are 19.5%.
The most commonly found type of housing in this area are Semi- Detached Houses, making up 46.3% of the housing stock.
For those buyers keen to purchase Flats, this would not be an ideal area, because only 8% are this type.
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents 10.8% of the total rented accommodation in the area.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £169094.
Who lives here:
Total population in this area is 22323.
The average age in this area is 43.
This area has a high percentage of married people at 22.3%.
Average working hours in this area for men are 42 and for women are 29.
This area has 16.8 people per square kilometre.
Job prospects in this area are good with low unemployment (2%). Most jobs are found in the Wholesale & Retail and Construction sectors.
Transport links in NR6 are good, with the A140 and the proximity of the airport. Drayton is approximately 2.5 miles from the centre of Norwich, and is a sought after area because of the good schools and good public transport links. This demand has resulted in a number of newer housing developments in the area in the form of town houses.
Towards the edge of the Postcode District the area becomes more rural and it is easy to reach coastal areas.