THE OLD MILL, MILL LANE, EAST RUNTON, CROMER, NR27 9PH - £750,000

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.

THE OLD MILL is a large extended detached house of 148m², built sometime between 1996 and 2002, which could now be worth an estimated £761,268. It was last sold for £750,000 in February 2024, which was around 77% above the average February 2024 detached price in the North Norfolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

THE OLD MILL Sold Prices

Land registry data shows two sales for THE OLD MILL 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 THE OLD MILL 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
2024 5 FEB	£750,000	£424,440	77% above HPI
2016 3 JUN	£630,000	£303,928	107% above HPI

THE OLD MILL 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 OLD MILL sales from June 2016 and February 2024 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 2016 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the February 2024 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might THE OLD MILL be worth now?

THE OLD MILL might now be worth an estimated £761,268.

This is based on house price inflation of 1.5%, between February 2024 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 1.5% inflationary increase is applied to the most recent sale price for THE OLD MILL of £750,000 on 5th February 2024. For the value to have increased from £750,000 to £761,268 over the one year to February 2025, the following assumptions must hold true:

• The value of THE OLD MILL has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2024 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD MILL has not materially changed since February 2024.

How Large is THE OLD MILL?

THE OLD MILL is 148m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 30% 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 THE OLD MILL lies on this distribution: 72% of detached houses houses are smaller than THE OLD MILL, and 28% of houses are larger. Note that EPC data is not available for all properties in East Runton.

THE OLD MILL: Plot and Title Map

THE OLD MILL sits on a plot of roughly 0.489 of an acre, or 1,977m². The below map shows the location of THE OLD MILL, 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 OLD MILL). 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 OLD MILL?

THE OLD MILL is located on MILL LANE in EAST RUNTON, in the NR27 postcode district. The below map shows the position of THE OLD MILL on MILL LANE.