THE OAKS, HOLT ROAD, CROMER, NR27 9JN - £115,000

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 OAKS is a large detached house of 135m², built sometime between 1900 and 1929. It was last sold for £115,000 in November 1999, which was around 19% above the average November 1999 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

THE OAKS Sold Prices

Land registry data shows two sales for THE OAKS 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. One of the two THE OAKS sales was for above the average price, whilst the other 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
1999 12 NOV	£115,000	£96,374	19% above HPI
1998 9 JUN	£28,000	£85,067	67% below HPI

THE OAKS 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 THE OAKS sales from June 1998 and November 1999 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 June 1998 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the November 1999 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is THE OAKS?

THE OAKS is 135m² according to the EPC inspection conducted in July 2022. This puts it in the largest 30% of detached houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses by size in Cromer, and where THE OAKS lies on this distribution: 78% of detached houses are smaller than THE OAKS, and 22% of houses are larger. Note that EPC data is not available for all properties in Cromer.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.204 of an acre, or 824m². The below map shows the location of THE OAKS, 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 OAKS). 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 OAKS?

THE OAKS is located on HOLT ROAD in CROMER, in the NR27 postcode district. The below map shows the position of THE OAKS on HOLT ROAD.