RAFFLES, CROMER ROAD, OVERSTRAND, CROMER, NR27 0NT - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

RAFFLES is a very large extended semi-detached house of 146m², built sometime before 1900, which could now be worth an estimated £467,010. It was last sold for £290,000 in June 2014, which was around 64% above the average June 2014 semi-detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2009, where the current energy rating was F, and the potential energy rating was E.

RAFFLES Sold Prices

Land registry data shows three sales for RAFFLES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North Norfolk local authority area for the corresponding sale date. All of the three RAFFLES sales were for above 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
2014 20 JUN	£290,000	£176,708	64% above HPI
2009 21 MAY	£250,000	£147,789	69% above HPI
2007 19 OCT	£275,000	£173,907	58% above HPI

RAFFLES Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three RAFFLES sales between October 2007 and June 2014 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 May 2009 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the June 2014 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might RAFFLES be worth now?

RAFFLES might now be worth an estimated £467,010.

This is based on house price inflation of 61%, between June 2014 and February 2025, for semi-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 61% inflationary increase is applied to the most recent sale price for RAFFLES of £290,000 on 20th June 2014. For the value to have increased from £290,000 to £467,010 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of RAFFLES has moved in line with the HPI for semi-detached houses in the North Norfolk local authority area.
• The June 2014 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of RAFFLES has not materially changed since June 2014.

How Large is RAFFLES?

RAFFLES is 146m², which includes one extension, according to the EPC inspection conducted in February 2009. This puts it in the largest 20% of semi-detached houses houses in Overstrand, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Overstrand, and where RAFFLES lies on this distribution: 87% of semi-detached houses houses are smaller than RAFFLES, and 13% of houses are larger. Note that EPC data is not available for all properties in Overstrand.

RAFFLES: Plot and Title Map

RAFFLES sits on a plot of roughly 0.168 of an acre, or 679m². The below map shows the location of RAFFLES, 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 RAFFLES). 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 RAFFLES?

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