5, THE WARREN, CROMER, NR27 0AR - £342,000

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 THE WARREN is a small extended detached house of 95m², built sometime between 1950 and 1966, which could now be worth an estimated £509,650. It was last sold for £342,000 in August 2015, which was around 18% above the average August 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

5 THE WARREN Sold Prices

Land registry data shows two sales for 5 THE WARREN 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 5 THE WARREN 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 AUG	£342,000	£289,099	18% above HPI
2012 8 FEB	£233,099	£239,666	3% below HPI

5 THE WARREN 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 THE WARREN sales from February 2012 and August 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 February 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2015 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 5 THE WARREN be worth now?

5 THE WARREN might now be worth an estimated £509,650.

This is based on house price inflation of 49%, between August 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 49% inflationary increase is applied to the most recent sale price for 5 THE WARREN of £342,000 on 6th August 2015. For the value to have increased from £342,000 to £509,650 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 5 THE WARREN has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2015 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE WARREN has not materially changed since August 2015.

How Large is 5 THE WARREN?

5 THE WARREN is 95m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% 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 THE WARREN lies on this distribution: 38% of detached houses houses are smaller than 5 THE WARREN, and 61% of houses are larger. Note that EPC data is not available for all properties in Cromer.

5 THE WARREN: Plot and Title Map

5 THE WARREN sits on a plot of roughly 0.232 of an acre, or 937m². The below map shows the location of 5 THE WARREN, 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 THE WARREN). 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 THE WARREN?

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