ALBANY, CROMER ROAD, ERPINGHAM, NORWICH, NR11 7QE - £400,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ALBANY is a midsized extended detached house of 135m², built sometime between 1950 and 1966, which could now be worth an estimated £385,337. It was last sold for £400,000 in January 2023, which was around 8% below the average January 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was B.

ALBANY Sold Prices

Land registry data shows three sales for ALBANY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three ALBANY 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 10 JAN	£400,000	£436,900	8% below HPI
2020 8 JAN	£337,500	£355,287	5% below HPI
1995 17 NOV	£68,000	£68,669	1% below HPI

ALBANY 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 three ALBANY sales between November 1995 and January 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 January 2020 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might ALBANY be worth now?

ALBANY might now be worth an estimated £385,337.

This is based on house price deflation of 3.7%, between January 2023 and December 2024, 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 3.7% deflationary decrease is applied to the most recent sale price for ALBANY of £400,000 on 10th January 2023. For the value to have decreased from £400,000 to £385,337 over the one month to December 2024, the following assumptions must hold true:

• The value of ALBANY has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The January 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of ALBANY has not materially changed since January 2023.

How Large is ALBANY?

ALBANY is 135m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 50% of detached houses houses in Erpingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Erpingham, and where ALBANY lies on this distribution: 56% of detached houses houses are smaller than ALBANY, and 44% of houses are larger. Note that EPC data is not available for all properties in Erpingham.

ALBANY: Plot and Title Map

ALBANY sits on a plot of roughly 0.249 of an acre, or 1,006m². The below map shows the location of ALBANY, 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 ALBANY). 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 ALBANY?

ALBANY is located on CROMER ROAD in ERPINGHAM, in the NR11 postcode district. The below map shows the position of ALBANY on CROMER ROAD.