NR23 (Wells-Next-The-Sea, Norfolk) shows modest market dynamics with a trajectory score of 40.1, placing it in the 6th percentile nationally. Over five years, prices grew at 1.6% compound annual rate while rental yields expanded at 4.9% CAGR, indicating landlords have benefited from rental income growth outpacing capital appreciation. Population increased marginally by 0.1% over the same period, suggesting limited demographic expansion. The district remains in a latent gentrification stage, with no advanced regeneration indicators currently evident. For investors and buyers, the coastal postcode presents a market characterised by rental income potential that has exceeded price growth, though overall appreciation has been constrained compared to national averages.
Domain breakdown
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See plans from £20/moKey signals
- 1Property prices up 1.6% over 5 years (5yr CAGR)
- 2Rents growing at 4.9% per year
- 3Population growing at 0.1% per year
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What's changing in Wells-Next-The-Sea · June 2026
The trajectory score moved up 0.8 points this month to 41/100, driven mainly by safety.
35 planning applications submitted in NR23 over the last six months, including 2 new build residential schemes, 1 change of use.
- Erection of detached garageApr 2026 · pending
- Variation of condition 2: approved plans of planning permission ref: PF/24/0883 (Demolition of existing detached dwelling and erection of two-storey detached replacement dwelling (self build) - to allow for the addition of 2 roof lights to rear single storey sectionMar 2026 · pending
- Change of use of building from Palmistry and Bric-a-brac to residential use as an annexe to the main cottageJan 2026 · Decided
Wells-Next-The-Sea (NR23) common questions
Is Wells-Next-The-Sea up and coming?
Wells-Next-The-Sea (NR23) has a trajectory score of 41/100 (Average), placing it in the top 92% of postcode districts in England and Wales. The score is up 0.9 points over the last 12 months. The score combines price momentum, demand, transformation, economy, safety and risk signals from public data, updated monthly.
Is Wells-Next-The-Sea safe?
Wells-Next-The-Sea has a safety score of 36/100 on Praesago's index, based on police.uk recorded crime data.
What is the average house price in Wells-Next-The-Sea?
The average property price in Wells-Next-The-Sea (NR23) is £257k as of January 2026, based on UK House Price Index data. Prices have grown at 1.6% per year over the last five years.
What is the average rent in Wells-Next-The-Sea?
The median monthly rent in Wells-Next-The-Sea (NR23) is £841 (2026), based on ONS private rental data.
Which areas are near Wells-Next-The-Sea?
Neighbouring postcode districts include Walsingham (NR22), Fakenham (NR21), Holt (NR25), Melton Constable (NR24), Thetford (IP24). Each has its own monthly data page on Praesago.
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