16, SHEPHERDS CLOSE, EAST RUNTON, CROMER, NR27 9PQ - £410,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 SHEPHERDS CLOSE is a very small extended detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £417,244. It was last sold for £410,000 in April 2023, which was around 3% below the average April 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

16 SHEPHERDS CLOSE Sold Prices

Land registry data shows two sales for 16 SHEPHERDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 16 SHEPHERDS CLOSE sales were for below 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
2023 12 APR	£410,000	£423,337	3% below HPI
1995 24 MAR	£68,500	£72,175	5% below HPI

16 SHEPHERDS CLOSE 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 two 16 SHEPHERDS CLOSE sales from March 1995 and April 2023 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 March 1995 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the April 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 16 SHEPHERDS CLOSE be worth now?

16 SHEPHERDS CLOSE might now be worth an estimated £417,244.

This is based on house price inflation of 1.8%, between April 2023 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.8% inflationary increase is applied to the most recent sale price for 16 SHEPHERDS CLOSE of £410,000 on 12th April 2023. For the value to have increased from £410,000 to £417,244 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of 16 SHEPHERDS CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2023 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SHEPHERDS CLOSE has not materially changed since April 2023.

How Large is 16 SHEPHERDS CLOSE?

16 SHEPHERDS CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses houses in East Runton, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Runton, and where 16 SHEPHERDS CLOSE lies on this distribution: 16% of detached houses houses are smaller than 16 SHEPHERDS CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in East Runton.

16 SHEPHERDS CLOSE: Plot and Title Map

16 SHEPHERDS CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 16 SHEPHERDS CLOSE, 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 16 SHEPHERDS CLOSE). 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 16 SHEPHERDS CLOSE?

16 SHEPHERDS CLOSE is located in EAST RUNTON, in the NR27 postcode district. The below map shows the position of No. 16 on SHEPHERDS CLOSE.