5, FRANCIS CLOSE, CROMER, NR27 0HR - £250,000

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.

5 FRANCIS CLOSE is a very small detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £255,088. It was last sold for £250,000 in October 2024, which was around 41% below the average October 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was B.

5 FRANCIS CLOSE Sold Prices

Land registry data shows two sales for 5 FRANCIS 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 5 FRANCIS 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
2024 18 OCT	£250,000	£422,224	41% below HPI
1997 14 NOV	£54,500	£80,193	32% below HPI

5 FRANCIS 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 5 FRANCIS CLOSE sales from November 1997 and October 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 November 1997 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 5 FRANCIS CLOSE be worth now?

5 FRANCIS CLOSE might now be worth an estimated £255,088.

This is based on house price inflation of 2%, between October 2024 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 2% inflationary increase is applied to the most recent sale price for 5 FRANCIS CLOSE of £250,000 on 18th October 2024. For the value to have increased from £250,000 to £255,088 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 5 FRANCIS CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2024 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FRANCIS CLOSE has not materially changed since October 2024.

How Large is 5 FRANCIS CLOSE?

5 FRANCIS CLOSE is 63m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 10% of detached houses houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cromer, and where 5 FRANCIS CLOSE lies on this distribution: 5% of detached houses houses are smaller than 5 FRANCIS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cromer.

5 FRANCIS CLOSE: Plot and Title Map

5 FRANCIS CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 5 FRANCIS 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 5 FRANCIS 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 5 FRANCIS CLOSE?

5 FRANCIS CLOSE is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 5 on FRANCIS CLOSE.