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Cromer House Prices Cromer House Prices

The average house price in Cromer is £221,333 using HM Land Registry data.

The average property price increased by £56,142 (21.53%) over the last 5 years and increased by £11,221 (3.67%) over the last 12 months.

Over the last year, there were 149 residential property sales – a decrease of 41 transactions (-27.52%) relative to the previous year. The majority of house sales (45) were in the £196,000 - £282,000 range. Then came properties in the £282,000 - £368,000 range, where 31 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,715 (-3%).

In April 2024, there were 28 new estate agency instructions, 17 agreed home sales and 13 property price reductions.

Postcodes Covered: NR27

5-Year Average Property Prices in Cromer

21.53%

Property prices in Cromer increased by 21.53% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Cromer Over the Last Year

3.67%

Property prices in Cromer increased by 3.67% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Cromer - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Cromer

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Cromer

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Cromer

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Cromer since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Cromer area since 1995.

Recent Property Sales in Cromer

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 1, Roydstone Court, Park Road, Cromer, Norfolk, NR27 0EA£60,000£55,000-£5,00005 Jan 202413 Mar 202468 Days
3 Sandy Lane, Cromer, Norfolk, NR27 9JT£300,000£292,500-£7,50019 Oct 202326 Feb 2024130 Days
33 Cross Street, Cromer, Norfolk, NR27 9DE£200,000£190,000-£10,00010 Nov 202326 Feb 2024108 Days
42 Clifton Park, Cromer, Norfolk, NR27 9BG£315,000£315,000£0012 Feb 202421 Feb 20249 Days
72 Connaught Road, Cromer, Norfolk, NR27 0BZ£250,000£244,000-£6,00019 Oct 202319 Feb 2024123 Days
14 Hill Close, Cromer, Norfolk, NR27 0HX£550,000£540,000-£10,00004 Sep 202305 Feb 2024154 Days
3 Ridgeway, Cromer, Norfolk, NR27 0HS£410,000£410,000£0023 May 202331 Jan 2024253 Days
89 Station Road, Cromer, Norfolk, NR27 0DY£350,000£337,500-£12,50021 Apr 202303 Jan 2024257 Days
Mogs Cottage, St Margarets Lane, Cromer, Norfolk, NR27 9BZ£300,000£280,000-£20,00016 May 202315 Dec 2023213 Days
23 Roughton Road, Cromer, Norfolk, NR27 0HH£350,000£320,000-£30,00022 Sep 202315 Dec 202384 Days
102 Overstrand Road, Cromer, Norfolk, NR27 0DN£280,000£245,000-£35,00024 Aug 202307 Dec 2023105 Days
9 Hill Close, Cromer, Norfolk, NR27 0HX£350,000£335,000-£15,00009 May 202307 Dec 2023212 Days
4 Connaught Road, Cromer, Norfolk, NR27 0BZ£175,000£155,000-£20,00007 Jul 202324 Nov 2023140 Days
Flat 49, Homecolne House, Louden Road, Cromer, Norfolk, NR27 9EF£125,000£95,000-£30,00028 Nov 202220 Nov 2023357 Days
Flat 1, Homecolne House, Louden Road, Cromer, Norfolk, NR27 9EF£127,500£97,500-£30,00016 Jun 202017 Nov 20231249 Days
Flat 2, Cliff Court, Cliff Drive, Cromer, Norfolk, NR27 0AW£275,000£270,000-£5,00027 Jul 202315 Nov 2023111 Days
46 Links Avenue, Cromer, Norfolk, NR27 0EH£300,000£270,000-£30,00029 Jul 202310 Nov 2023104 Days
8 Holway Close, Cromer, Norfolk, NR27 9LH£315,000£315,000£0002 Jun 202316 Oct 2023136 Days
39 Mill Road, Cromer, Norfolk, NR27 0AD£215,000£206,000-£9,00021 Jul 202316 Oct 202387 Days
34 St Marys Road, Cromer, Norfolk, NR27 9DJ£565,000£565,000£0021 Jun 202309 Oct 2023110 Days

Most Expensive Streets in Cromer

PostcodeStreetAreaAverageNo. of Sales
NR27 9BLHowards HillCromer£548,3333
NR27 0ARThe WarrenCromer£545,5004
NR27 0DRNorthrepps RoadCromer£510,0003
NR27 9DWArbor RoadCromer£485,5003
NR27 9EHThe CroftCromer£466,8577
NR27 0AWCliff DriveCromer£446,18111
NR27 9JNHolt RoadCromer£442,5006
NR27 0HDNorwich RoadCromer£434,2857
NR27 9ALBeach RoadCromer£425,1663
NR27 0FJBridge CloseCromer£394,6663

Least Expensive Streets in Cromer

PostcodeStreetAreaAverageNo. of Sales
NR27 9EPNew ParadeCromer£91,3333
NR27 9HLHamilton RoadCromer£112,9005
NR27 9DAChurch View FlatsBond Street, Cromer£113,1254
NR27 9HTCadogan RoadCromer£120,8663
NR27 9DBMount StreetCromer£153,7506
NR27 9HSPrince Of Wales RoadCromer£155,0004
NR27 0AEAshdown CourtCromer£155,44419
NR27 9EFLouden RoadCromer£155,82832
NR27 9HUCabbell RoadCromer£160,78630
NR27 9AFAlfred CourtAlfred Road£163,2504

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