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House Prices in NR27 House Prices in NR27 (Cromer)

The average house price in NR27 (Cromer) is £318,781 using HM Land Registry data.

The average property price increased by £55,775 (39.77%) over the last 5 years and increased by £11,175 (5.49%) over the last 12 months.

Over the last year, there were 183 residential property sales – a decrease of 62 transactions (-33.88%) relative to the previous year. The majority of house sales (50) were in the £226,000 - £312,000 range. Then came properties in the £312,000 - £398,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 120 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,521 (-3%).

In Dec 24, there were 22 new estate agency instructions, 16 agreed home sales and 37 property price reductions.

Nearby Postcodes: NR10, NR11, NR12, NR20, NR24, NR25, NR26, NR28

5-Year Average Property Prices in NR27 (Cromer)

39.77%

Property prices in Cromer increased by 39.77% 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 NR27 (Cromer) Over the Last Year

5.49%

Property prices in Cromer increased by 5.49% 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 NR27 (Cromer) - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 NR27 (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 NR27 (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 NR27 (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 NR27 (Cromer) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR27 postcode area since 1995.

Recent Sales in NR27 (Cromer)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
43 Rosebery Road, Cromer, Norfolk, NR27 0BX£280,000£275,000-£5,00011 Apr 202420 Nov 2024223 Days
19 Bond Street, Cromer, Norfolk, NR27 9DA£185,000£157,500-£27,50020 Sep 202411 Nov 202452 Days
38 Pauls Lane, Overstrand, Cromer, Norfolk, NR27 0PF£475,000£475,000£0015 Aug 202405 Nov 202482 Days
Flat 25, Homecolne House, Louden Road, Cromer, Norfolk, NR27 9EF£95,000£90,000-£5,00023 Apr 202431 Oct 2024191 Days
43 Mundesley Road, Overstrand, Cromer, Norfolk, NR27 0NB£350,000£330,000-£20,00026 Apr 202430 Oct 2024187 Days
5 Francis Close, Cromer, Norfolk, NR27 0HR£295,000£250,000-£45,00010 Jul 202418 Oct 2024100 Days
5 Nelson Heights, Cromer, Norfolk, NR27 9SQ£285,000£280,000-£5,00005 Jan 202427 Sep 2024266 Days
41 Cromer Road, Overstrand, Cromer, Norfolk, NR27 0NT£800,000£770,000-£30,00027 Feb 202427 Sep 2024213 Days
8 Danish House Gardens, Overstrand, Cromer, Norfolk, NR27 0PD£425,000£401,000-£24,00023 Apr 202420 Sep 2024150 Days
2 Barclay Close, Cromer, Norfolk, NR27 9JX£375,000£365,000-£10,00001 Sep 202320 Aug 2024354 Days
27 Whitehouse Estate, Cromer, Norfolk, NR27 0EP£290,000£290,000£0026 Dec 202312 Aug 2024230 Days
12 Lynewood Close, Cromer, Norfolk, NR27 0ER£250,000£248,000-£2,00022 Sep 202302 Aug 2024315 Days
6 Bracken Avenue, Overstrand, Cromer, Norfolk, NR27 0NZ£360,000£350,000-£10,00016 Jan 202425 Jul 2024191 Days
108 Broadgate Close, Northrepps, Cromer, Norfolk, NR27 0LR£240,000£230,000-£10,00005 Oct 202324 Jul 2024293 Days
Flat 21, Slade Court, Runton House Close, West Runton, Cromer, Norfolk, NR27 9RA£215,000£210,000-£5,00014 Feb 202410 Jul 2024147 Days
Oban, Broomhill, East Runton, Cromer, Norfolk, NR27 9PF£325,000£280,000-£45,00005 Jan 202411 Jun 2024158 Days
29 Burnt Hills, Cromer, Norfolk, NR27 9LW£350,000£325,000-£25,00029 Jan 202410 Jun 2024133 Days
4 Colne Place, Cromer, Norfolk, NR27 9DR£495,000£405,000-£90,00019 Jan 202407 Jun 2024140 Days
12 Connaught Road, Cromer, Norfolk, NR27 0BZ£230,000£230,000£0004 Oct 202303 Jun 2024243 Days
100 Overstrand Road, Cromer, Norfolk, NR27 0DN£260,000£250,000-£10,00008 Feb 202431 May 2024113 Days

Most Expensive Streets in NR27 (Cromer)

PostcodeStreetAreaAverageNo. of Sales
NR27 9NESandy Lane, West RuntonCromer£885,5004
NR27 9JQHall RoadCromer£726,6663
NR27 9NBSandy Lane, West RuntonCromer£703,3333
NR27 9NNLong Acre, West RuntonCromer£652,0003
NR27 9NAShawcross Road, West RuntonCromer£633,7005
NR27 0PTMundesley Road, OverstrandCromer£605,0003
NR27 9QPWater Lane, West RuntonCromer£564,0003
NR27 9BLHowards HillCromer£548,3333
NR27 0PDDanish House Gardens, OverstrandCromer£540,2504
NR27 0EXNorwich RoadCromer£538,3333

Least Expensive Streets in NR27 (Cromer)

PostcodeStreetAreaAverageNo. of Sales
NR27 9HLHamilton RoadCromer£112,9005
NR27 9DAChurch View Flats, Bond Street, CromerCromer£118,5005
NR27 9DBMount StreetCromer£128,5005
NR27 0DJKings Chalet ParkCromer£129,75011
NR27 9HSPrince Of Wales RoadCromer£142,5005
NR27 0AEAshdown CourtCromer£152,88413
NR27 9ERChurch StreetCromer£157,5006
NR27 9EFLouden RoadCromer£160,65030
NR27 9AFAlfred Court, Alfred RoadCromer£169,3333
NR27 9HUCabbell RoadCromer£170,28630

Explore NR27 (Cromer) using map

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