1, FLETCHER WAY, CROMER, NR27 0HW - £495,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FLETCHER WAY is a very small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £495,000 in April 2021, which was around 33% above the average April 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

1 FLETCHER WAY Sold Prices

Land registry data shows five sales for 1 FLETCHER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the five 1 FLETCHER WAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 21 APR	£495,000	£371,133	33% above HPI
2014 31 JAN	£285,000	£251,110	13% above HPI
2006 26 MAY	£262,500	£227,606	15% above HPI
2005 11 FEB	£257,500	£205,767	25% above HPI
2000 22 SEP	£150,000	£109,576	37% above HPI

1 FLETCHER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The five 1 FLETCHER WAY sales between September 2000 and April 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2014 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the April 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 1 FLETCHER WAY?

1 FLETCHER WAY is 75m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% of detached houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses by size in Cromer, and where 1 FLETCHER WAY lies on this distribution: 15% of detached houses are smaller than 1 FLETCHER WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Cromer.

1 FLETCHER WAY: Plot and Title Map

1 FLETCHER WAY sits on a plot of roughly 0.205 of an acre, or 829m². The below map shows the location of 1 FLETCHER WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 FLETCHER WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 FLETCHER WAY?

1 FLETCHER WAY is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 1 on FLETCHER WAY.