7, COLNE PLACE, CROMER, NR27 9DR - £580,000

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.

7 COLNE PLACE is a large detached house of 114m², built in 2020, which could now be worth an estimated £597,311. It was last sold for £580,000 in April 2024, which was around 39% above the average April 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

7 COLNE PLACE Sold Prices

Land registry data shows two sales for 7 COLNE PLACE 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 7 COLNE PLACE 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
2024 26 APR	£580,000	£418,331	39% above HPI
2014 11 APR	£250,000	£259,953	4% below HPI

7 COLNE PLACE 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 7 COLNE PLACE sales from April 2014 and April 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 April 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the April 2024 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 7 COLNE PLACE be worth now?

7 COLNE PLACE might now be worth an estimated £597,311.

This is based on house price inflation of 3%, between April 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 3% inflationary increase is applied to the most recent sale price for 7 COLNE PLACE of £580,000 on 26th April 2024. For the value to have increased from £580,000 to £597,311 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 7 COLNE PLACE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2024 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 7 COLNE PLACE has not materially changed since April 2024.

How Large is 7 COLNE PLACE?

7 COLNE PLACE is 114m² according to the EPC inspection conducted in March 2024. This puts it in the largest 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 7 COLNE PLACE lies on this distribution: 61% of detached houses houses are smaller than 7 COLNE PLACE, and 39% of houses are larger. Note that EPC data is not available for all properties in Cromer.

7 COLNE PLACE: Plot and Title Map

7 COLNE PLACE sits on a plot of roughly 0.252 of an acre, or 1,020m². The below map shows the location of 7 COLNE PLACE, 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 7 COLNE PLACE). 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 7 COLNE PLACE?

7 COLNE PLACE is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 7 on COLNE PLACE.