8, THE LOKE, CROMER, NR27 9DH - £612,000

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 THE LOKE is a very large extended detached house of 144m², built sometime between 1900 and 1929, which could now be worth an estimated £694,423. It was last sold for £612,000 in January 2021, which was around 61% above the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

8 THE LOKE Sold Prices

Land registry data shows two sales for 8 THE LOKE 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 THE LOKE sales were for above 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
2021 21 JAN	£612,000	£379,682	61% above HPI
2002 11 MAR	£168,000	£141,902	18% above HPI

8 THE LOKE 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 THE LOKE sales from March 2002 and January 2021 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 March 2002 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the January 2021 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 8 THE LOKE be worth now?

8 THE LOKE might now be worth an estimated £694,423.

This is based on house price inflation of 13.5%, between January 2021 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 13.5% inflationary increase is applied to the most recent sale price for 8 THE LOKE of £612,000 on 21st January 2021. For the value to have increased from £612,000 to £694,423 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 THE LOKE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The January 2021 sale price of £612,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE LOKE has not materially changed since January 2021.

How Large is 8 THE LOKE?

8 THE LOKE is 144m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 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 THE LOKE lies on this distribution: 83% of detached houses houses are smaller than 8 THE LOKE, and 16% of houses are larger. Note that EPC data is not available for all properties in Cromer.

8 THE LOKE: Plot and Title Map

8 THE LOKE sits on a plot of roughly 0.253 of an acre, or 1,022m². The below map shows the location of 8 THE LOKE, 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 THE LOKE). 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 THE LOKE?

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