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2 Chapel Street is a residential building situated on Chapel Street, Cromer, NR27 with 2 addresses.
It ranks as the 25th largest and 121st most expensive of the 347 buildings in the NR27 area.
The building contains a total of 2 properties: 2 flats.
2 Chapel Street is a residential building situated on Chapel Street, Cromer, NR27 with 2 addresses.
It ranks as the 25th largest and 121st most expensive of the 347 buildings in the NR27 area.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £123,212 for 2 bedroom Leasehold flats (592 ft2) to £191,335 for 2 bedroom freehold houses with a garden (688 ft2) .
Monthly rental prices range from £738 pcm for 2 bed flats to £1,032 pcm for 2 bed houses.
The gross rental yield is between 6.5% and 7.2%.
The average value per square foot is £243.
The last sale in 2 Chapel Street sold for £160,000 on 10th November 2023. Since then prices are down an average of 3.1%.
The current average value in the building is £157,273.
The 2 Chapel Street Sales Market has increased by 35.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.7% | £157,273 |
| May 2025 | -0.5% | £158,448 |
| May 2024 | -3.5% | £159,230 |
| May 2023 | -0.6% | £164,997 |
| May 2022 | 14.5% | £166,070 |
| May 2021 | -0.3% | £145,074 |
| May 2020 | 8.7% | £145,499 |
| May 2019 | 2.5% | £133,864 |
| May 2018 | 5.4% | £130,651 |
| May 2017 | 6.4% | £123,982 |
| May 2016 | 4.5% | £116,481 |
| May 2015 | 4.3% | £111,478 |
| May 2014 | 7.9% | £106,847 |
| May 2013 | 3.5% | £99,063 |
| May 2012 | -3.4% | £95,687 |
| May 2011 | -0.1% | £99,018 |
| May 2010 | 5% | £99,120 |
| May 2009 | -10.1% | £94,440 |
| May 2008 | -2% | £105,062 |
| May 2007 | 0% | £107,232 |
The current average rental value in the building is £885.
The 2 Chapel Street Rental Market has increased by 57.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4% | £885pcm |
| May 2025 | 4% | £851pcm |
| May 2024 | 7.5% | £819pcm |
| May 2023 | 6.9% | £761pcm |
| May 2022 | 10.6% | £712pcm |
| May 2021 | 5.4% | £644pcm |
| May 2020 | 3.5% | £611pcm |
| May 2019 | 0.8% | £590pcm |
| May 2018 | 2.2% | £586pcm |
| May 2017 | 2.1% | £573pcm |
| May 2016 | 2.9% | £562pcm |
| May 2015 | 3.6% | £546pcm |
| May 2014 | 3.3% | £527pcm |
| May 2013 | 0.1% | £510pcm |
| May 2012 | 2% | £509pcm |
| May 2011 | 2.3% | £499pcm |
| May 2010 | 3.4% | £488pcm |
| May 2009 | -10% | £472pcm |
| May 2008 | -0.6% | £525pcm |
| May 2007 | 0% | £528pcm |
The last sale was on 10th November 2023 for £160,000 and since then the market in the area has decreased by 3.1%. The building has had a total of 3 sales since 1995.
2, Chapel Street, Cromer, NR27 9HJ has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 2, Chapel Street, Cromer, NR27 9HJ is Cromer station which is 400 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Chapel Street, Cromer, NR27 9HJ, 54.6% of property is privately rented and 28.5% is privately owned outright.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Chapel Street, Cromer, NR27 9HJ, 6.7% of residents are recorded as possessing school level qualifications and 29.1% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Chapel Street, Cromer, NR27 9HJ, the average age was 51.5 and the most common age was 72.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Chapel Street, Cromer, NR27 9HJ, 3.5% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Chapel Street, Cromer, NR27 9HJ, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.