PINECROFT, STEVENS ROAD, CROMER, NR27 0HZ - £110,000

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

PINECROFT is a very small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £110,000 in July 2009, which was around 50% below the average July 2009 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2008, where the current energy rating was F, and the potential energy rating was F.

PINECROFT Sold Prices

Land registry data shows two sales for PINECROFT 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 PINECROFT 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
2009 28 JUL	£110,000	£222,195	50% below HPI
1996 11 NOV	£39,500	£71,828	45% below HPI

PINECROFT 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 PINECROFT sales from November 1996 and July 2009 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 November 1996 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2009 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is PINECROFT?

PINECROFT is 75m² according to the EPC inspection conducted in July 2008. 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 PINECROFT lies on this distribution: 13% of detached houses are smaller than PINECROFT, and 87% of houses are larger. Note that EPC data is not available for all properties in Cromer.

PINECROFT: Plot and Title Map

PINECROFT sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of PINECROFT, 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 PINECROFT). 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 PINECROFT?

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