HOLMWOOD, NORWICH ROAD, CROMER, NR27 0HG - £397,000

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

HOLMWOOD is a large extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £397,000 in December 2022, which was around 7% below the average December 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

HOLMWOOD Sold Prices

Land registry data shows four sales for HOLMWOOD 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. Most of the four HOLMWOOD 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
2022 12 DEC	£397,000	£425,916	7% below HPI
2013 28 JUN	£187,000	£240,124	22% below HPI
2000 23 NOV	£96,950	£111,388	13% below HPI
1999 18 JUN	£85,950	£85,272	1% above HPI

HOLMWOOD 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 HOLMWOOD sales between June 1999 and December 2022 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 June 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is HOLMWOOD?

HOLMWOOD is 119m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses by size in Cromer, and where HOLMWOOD lies on this distribution: 66% of detached houses are smaller than HOLMWOOD, and 34% of houses are larger. Note that EPC data is not available for all properties in Cromer.

HOLMWOOD: Plot and Title Map

HOLMWOOD sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of HOLMWOOD, 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 HOLMWOOD). 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 HOLMWOOD?

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