38, RIDGEWAY, CROMER, NR27 0HS - £292,500

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

38 RIDGEWAY is a very small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £292,500 in March 2020, which was around 18% below the average March 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

38 RIDGEWAY Sold Prices

Land registry data shows two sales for 38 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. Both of the two 38 RIDGEWAY 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
2020 12 MAR	£292,500	£354,676	18% below HPI
1997 21 MAY	£70,000	£71,622	2% below HPI

38 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 38 RIDGEWAY sales from May 1997 and March 2020 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 1997 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 38 RIDGEWAY?

38 RIDGEWAY is 76m² according to the EPC inspection conducted in September 2019. 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 38 RIDGEWAY lies on this distribution: 16% of detached houses are smaller than 38 RIDGEWAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Cromer.

38 RIDGEWAY: Plot and Title Map

38 RIDGEWAY sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of 38 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 38 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 38 RIDGEWAY?

38 RIDGEWAY is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 38 on RIDGEWAY.