OBAN, BROOMHILL, EAST RUNTON, CROMER, NR27 9PF - £280,000

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

OBAN is a very small extended detached house of 83m², built sometime between 1930 and 1949. It was last sold for £280,000 in June 2024, which was around 32% below the average June 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was F, and the potential energy rating was C.

OBAN Sold Prices

Land registry data shows two sales for OBAN 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 OBAN 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 11 JUN	£280,000	£413,706	32% below HPI
2020 21 OCT	£270,000	£386,180	30% below HPI

OBAN 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 OBAN sales from October 2020 and June 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 October 2020 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is OBAN?

OBAN is 83m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses in East Runton, based on EPC data. The below chart shows the distribution of detached houses by size in East Runton, and where OBAN lies on this distribution: 14% of detached houses are smaller than OBAN, and 86% of houses are larger. Note that EPC data is not available for all properties in East Runton.

OBAN: Plot and Title Map

OBAN sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of OBAN, 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 OBAN). 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 OBAN?

OBAN is located on BROOMHILL in EAST RUNTON, in the NR27 postcode district. The below map shows the position of OBAN on BROOMHILL.