3, RIDGEWAY, CROMER, NR27 0HS - £410,000

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

3 RIDGEWAY is a small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £410,000 in January 2024, which was around 3% below the average January 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

3 RIDGEWAY Sold Prices

Land registry data shows two sales for 3 RIDGEWAY 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 3 RIDGEWAY sales was for below the average price, whilst the other was 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
2024 31 JAN	£410,000	£424,282	3% below HPI
2009 11 MAY	£230,000	£220,298	4% above HPI

3 RIDGEWAY 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 3 RIDGEWAY sales from May 2009 and January 2024 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 May 2009 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2024 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3 RIDGEWAY?

3 RIDGEWAY is 90m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 40% of detached houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses by size in Cromer, and where 3 RIDGEWAY lies on this distribution: 32% of detached houses are smaller than 3 RIDGEWAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Cromer.

3 RIDGEWAY: Plot and Title Map

3 RIDGEWAY sits on a plot of roughly 0.193 of an acre, or 781m². The below map shows the location of 3 RIDGEWAY, 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 3 RIDGEWAY). 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 3 RIDGEWAY?

3 RIDGEWAY is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 3 on RIDGEWAY.