FAIRMEAD, STEVENS ROAD, CROMER, NR27 0HZ - £287,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAIRMEAD is a very small extended detached house of 75m², built sometime between 1983 and 1990. It was last sold for £287,500 in January 2024, which was around 32% below the average January 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

FAIRMEAD Sold Prices

Land registry data shows four sales for FAIRMEAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four FAIRMEAD 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
2024 15 JAN	£287,500	£424,282	32% below HPI
2019 8 APR	£159,000	£342,994	54% below HPI
2016 28 JUL	£160,000	£304,850	48% below HPI
2004 16 DEC	£125,000	£218,071	43% below HPI

FAIRMEAD 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 four FAIRMEAD sales between December 2004 and January 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 2019 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the January 2024 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is FAIRMEAD?

FAIRMEAD is 75m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 20% of detached houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses by size in Cromer, and where FAIRMEAD lies on this distribution: 13% of detached houses are smaller than FAIRMEAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Cromer.

FAIRMEAD: Plot and Title Map

FAIRMEAD sits on a plot of roughly 0.163 of an acre, or 661m². The below map shows the location of FAIRMEAD, 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 FAIRMEAD). 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 FAIRMEAD?

FAIRMEAD is located on STEVENS ROAD in CROMER, in the NR27 postcode district. The below map shows the position of FAIRMEAD on STEVENS ROAD.