NR2, Norwich house prices & rental yield

Postcode district in Norwich, part of the NR postcode area

Likely student area · 0.8km from Norwich University of the Arts

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Looking for a property valuation in NR2? The average asking price above is a guide for the area as a whole, not a valuation of your specific property — a local estate agent or RICS surveyor can give you an accurate figure for that.

Average asking price
£230k
UK avg £340k
Average rent (pcm)
£1,185
UK avg £1,275
Gross rental yield
6.2%
37% above UK avg
Net yield (estimated)
4.6%
assumes ~25% costs, excl. mortgage
Crimes reported (2026-08)
810
686% above UK avg
Short-term let activity (Norwich)
#75 of 318
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Summary

NR2 has a gross rental yield of 6.2%, 37% above the UK average, ranking #2 of 31 NR postcode districts by yield.

Gross yield trend

-1.2pp since Jul
Jul: 8.2% 8.2% Jul Aug: 8.2% 8.2% Aug Sep: 7.5% 7.5% Sep Oct: 7.0% 7.0% Oct

Buy-to-let calculator

Stamp Duty (SDLT)—
Deposit required—
Mortgage payment (monthly)—
Letting agent fee (monthly)—
Est. net monthly cashflow—

Estimate only, for England/Northern Ireland SDLT rates. Assumes an interest-only mortgage and doesn't account for insurance, maintenance, voids, or other running costs. Not financial advice.

NR2 by bedroom count

BedroomsAvg buyAvg rentYieldSampled
Studio £75k £800 — 5 / 3
1 £140k £620 5.3% 29 / 43
2 £220k £1,200 6.5% 86 / 19
3 £260k £1,295 6.0% 71 / 24
4 £425k £1,700 4.8% 23 / 19
5+ £480k £3,000 7.5% 6 / 7

Nearby NR postcode districts, by yield

DistrictAvg buyAvg rentYield
NR1 £200k £1,100 6.6% Compare
NR5 £260k £1,295 6.0% Compare
NR3 £220k £1,050 5.7% Compare
NR4 £325k £1,550 5.7% Compare
NR7 £280k £1,225 5.2% Compare
NR29 £275k £1,188 5.2% Compare
NR28 £280k £1,200 5.1% Compare
NR32 £232k £975 5.0% Compare
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