THE CROFT, WATER LANE, WEST RUNTON, CROMER, NR27 9QP - £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

THE CROFT is a large extended detached house of 173m², built sometime between 1930 and 1949. It was last sold for £280,000 in July 2014, which was around 5% above the average July 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

THE CROFT Sold Prices

Land registry data shows three sales for THE CROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Two of the three THE CROFT sales were for above the average price, whilst one was 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
2014 31 JUL	£280,000	£266,120	5% above HPI
2008 4 SEP	£250,000	£246,333	1% above HPI
1997 18 NOV	£63,000	£79,424	21% below HPI

THE CROFT 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 three THE CROFT sales between November 1997 and July 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 September 2008 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2014 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is THE CROFT?

THE CROFT is 173m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 20% of detached houses in West Runton, based on EPC data. The below chart shows the distribution of detached houses by size in West Runton, and where THE CROFT lies on this distribution: 80% of detached houses are smaller than THE CROFT, and 20% of houses are larger. Note that EPC data is not available for all properties in West Runton.

THE CROFT: Plot and Title Map

THE CROFT sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of THE CROFT, 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 THE CROFT). 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 THE CROFT?

THE CROFT is located on WATER LANE in WEST RUNTON, in the NR27 postcode district. The below map shows the position of THE CROFT on WATER LANE.