2, CYPRESS CRESCENT, SHERINGHAM, NR26 8NU - £320,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 CYPRESS CRESCENT is a midsized detached house of 121m², built sometime between 1967 and 1975, which could now be worth an estimated £504,239. It was last sold for £320,000 in February 2015, which was around 17% above the average February 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

2 CYPRESS CRESCENT Sold Prices

Land registry data shows two sales for 2 CYPRESS CRESCENT 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. One of the two 2 CYPRESS CRESCENT sales was for above the average price, whilst the other was 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
2015 6 FEB	£320,000	£273,405	17% above HPI
2013 27 NOV	£207,500	£253,961	18% below HPI

2 CYPRESS CRESCENT 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 2 CYPRESS CRESCENT sales from November 2013 and February 2015 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 November 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2015 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 2 CYPRESS CRESCENT be worth now?

2 CYPRESS CRESCENT might now be worth an estimated £504,239.

This is based on house price inflation of 57.6%, between February 2015 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 57.6% inflationary increase is applied to the most recent sale price for 2 CYPRESS CRESCENT of £320,000 on 6th February 2015. For the value to have increased from £320,000 to £504,239 over the ten years to February 2025, the following assumptions must hold true:

• The value of 2 CYPRESS CRESCENT has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2015 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CYPRESS CRESCENT has not materially changed since February 2015.

How Large is 2 CYPRESS CRESCENT?

2 CYPRESS CRESCENT is 121m² according to the EPC inspection conducted in July 2014. This puts it in the largest 50% of detached houses houses in Sheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sheringham, and where 2 CYPRESS CRESCENT lies on this distribution: 54% of detached houses houses are smaller than 2 CYPRESS CRESCENT, and 45% of houses are larger. Note that EPC data is not available for all properties in Sheringham.

2 CYPRESS CRESCENT: Plot and Title Map

2 CYPRESS CRESCENT sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 2 CYPRESS CRESCENT, 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 2 CYPRESS CRESCENT). 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 2 CYPRESS CRESCENT?

2 CYPRESS CRESCENT is located in SHERINGHAM, in the NR26 postcode district. The below map shows the position of No. 2 on CYPRESS CRESCENT.