STROME, TOP COMMON, EAST RUNTON, CROMER, NR27 9PR - £372,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

STROME is a large extended detached house of 130m², built sometime between 1976 and 1982, which could now be worth an estimated £533,237. It was last sold for £372,500 in September 2015, which was around 24% above the average September 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

STROME Sold Prices

Land registry data shows four sales for STROME 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 STROME 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
2015 28 SEP	£372,500	£300,953	24% above HPI
2013 5 JUL	£325,000	£250,494	30% above HPI
2006 4 JUL	£300,000	£231,394	30% above HPI
1997 25 JUL	£95,000	£74,673	27% above HPI

STROME 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 STROME sales between July 1997 and September 2015 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 July 2013 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the September 2015 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might STROME be worth now?

STROME might now be worth an estimated £533,237.

This is based on house price inflation of 43.2%, between September 2015 and February 2025, for 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 43.2% inflationary increase is applied to the most recent sale price for STROME of £372,500 on 28th September 2015. For the value to have increased from £372,500 to £533,237 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of STROME has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The September 2015 sale price of £372,500 represented a fair market value for the property.
• The size, condition, and specification of STROME has not materially changed since September 2015.

How Large is STROME?

STROME is 130m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 40% of detached houses houses in East Runton, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Runton, and where STROME lies on this distribution: 60% of detached houses houses are smaller than STROME, and 40% of houses are larger. Note that EPC data is not available for all properties in East Runton.

STROME: Plot and Title Map

STROME sits on a plot of roughly 0.328 of an acre, or 1,328m². The below map shows the location of STROME, 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 STROME). 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 STROME?

STROME is located on TOP COMMON in EAST RUNTON, in the NR27 postcode district. The below map shows the position of STROME on TOP COMMON.