CRATHORNE, OLLEY ROAD, WEST RUNTON, CROMER, NR27 9QN - £325,000

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.

CRATHORNE is a small extended detached house of 104m², built sometime between 1930 and 1949, which could now be worth an estimated £394,067. It was last sold for £325,000 in July 2019, which was around 9% below the average July 2019 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

CRATHORNE Sold Prices

Land registry data shows three sales for CRATHORNE 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 CRATHORNE 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
2019 29 JUL	£325,000	£355,309	9% below HPI
2007 2 FEB	£185,000	£247,249	25% below HPI
2004 2 APR	£160,000	£194,543	18% below HPI

CRATHORNE 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 CRATHORNE sales between April 2004 and July 2019 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 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might CRATHORNE be worth now?

CRATHORNE might now be worth an estimated £394,067.

This is based on house price inflation of 21.3%, between July 2019 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 21.3% inflationary increase is applied to the most recent sale price for CRATHORNE of £325,000 on 29th July 2019. For the value to have increased from £325,000 to £394,067 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of CRATHORNE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The July 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of CRATHORNE has not materially changed since July 2019.

How Large is CRATHORNE?

CRATHORNE is 104m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% of detached houses houses in West Runton, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Runton, and where CRATHORNE lies on this distribution: 39% of detached houses houses are smaller than CRATHORNE, and 61% of houses are larger. Note that EPC data is not available for all properties in West Runton.

CRATHORNE: Plot and Title Map

CRATHORNE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of CRATHORNE, 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 CRATHORNE). 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 CRATHORNE?

CRATHORNE is located on OLLEY ROAD in WEST RUNTON, in the NR27 postcode district. The below map shows the position of CRATHORNE on OLLEY ROAD.