8, HOLWAY CLOSE, CROMER, NR27 9LH - £315,000

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.

8 HOLWAY CLOSE is a very small extended detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £309,842. It was last sold for £315,000 in October 2023, which was around 28% below the average October 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

8 HOLWAY CLOSE Sold Prices

Land registry data shows two sales for 8 HOLWAY 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 8 HOLWAY 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
2023 16 OCT	£315,000	£437,989	28% below HPI
2020 30 SEP	£225,000	£377,670	40% below HPI

8 HOLWAY 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 8 HOLWAY CLOSE sales from September 2020 and October 2023 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 September 2020 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 8 HOLWAY CLOSE be worth now?

8 HOLWAY CLOSE might now be worth an estimated £309,842.

This is based on house price deflation of 1.6%, between October 2023 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 1.6% deflationary decrease is applied to the most recent sale price for 8 HOLWAY CLOSE of £315,000 on 16th October 2023. For the value to have decreased from £315,000 to £309,842 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 HOLWAY CLOSE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2023 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HOLWAY CLOSE has not materially changed since October 2023.

How Large is 8 HOLWAY CLOSE?

8 HOLWAY CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% 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 8 HOLWAY CLOSE lies on this distribution: 15% of detached houses houses are smaller than 8 HOLWAY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Cromer.

8 HOLWAY CLOSE: Plot and Title Map

8 HOLWAY CLOSE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 8 HOLWAY 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 8 HOLWAY 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 8 HOLWAY CLOSE?

8 HOLWAY CLOSE is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 8 on HOLWAY CLOSE.