Melbourne Hotel, New Street - NR27 9HP
Key Building Insights
Melbourne Hotel, New Street is a residential building situated on New Street, Cromer, NR27 with 15 addresses.
It ranks as the 331st largest and 13th most expensive of the 347 buildings in the NR27 area. The most common property type is a period flat built between 1800 and 1911.
The building contains a total of 15 properties: 15 flats.
- Ave. Sale Price
- £95,800
- 10 Year change
- up 26.5%
- Ave. Rental Price
- £514pcm
- 10 Year change
- up 44.2%
- Ave. £ per ft²
- £155/ft²
- Ave. Gross Yield
- 6.4%/year/yr
Key Building Insights
Melbourne Hotel, New Street is a residential building situated on New Street, Cromer, NR27 with 15 addresses.
It ranks as the 331st largest and 13th most expensive of the 347 buildings in the NR27 area. The most common property type is a period flat built between 1800 and 1911.
The building contains a total of 15 properties: 15 flats.
- Ave. Sale Price
- £95,800
- 10 Year change
- up 26.5%
- Ave. Rental Price
- £514pcm
- 10 Year change
- up 44.2%
- Ave. £ per ft²
- £155/ft²
- Ave. Gross Yield
- 6.4%/year/yr
Explore Propertieson New Street, Cromer, NR27
- Flat 1 Melbourne Hotel
Unknown
- Flat 2 Melbourne Hotel
Unknown
- Flat 3 Melbourne Hotel
Unknown
- Flat 4 Melbourne Hotel
Unknown
- Flat 5 Melbourne Hotel
Unknown
Sales Market Trends
The last sale in Melbourne Hotel, New Street sold for £1,011,500 on 13th November 2020. Since then prices are down an average of 0.0%.
The current average value in the building is £95,800.
The Melbourne Hotel, New Street Sales Market has increased by 26.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.7% | £95,800 |
| June 2025 | -2% | £97,502 |
| June 2024 | -2.4% | £99,488 |
| June 2023 | -1.6% | £101,943 |
| June 2022 | 12.9% | £103,639 |
| June 2021 | -1.3% | £91,791 |
| June 2020 | 7.6% | £92,960 |
| June 2019 | 2.9% | £86,432 |
| June 2018 | 5.3% | £83,994 |
| June 2017 | 5.2% | £79,732 |
| June 2016 | 3.8% | £75,759 |
| June 2015 | 3.2% | £73,012 |
| June 2014 | 8% | £70,719 |
| June 2013 | 3.1% | £65,489 |
| June 2012 | -4.1% | £63,550 |
| June 2011 | -0.6% | £66,269 |
| June 2010 | 4.3% | £66,675 |
| June 2009 | -9.6% | £63,923 |
| June 2008 | -3.4% | £70,706 |
| June 2007 | 0% | £73,209 |
Rental Market Trends
The current average rental value in the building is £514.
The Melbourne Hotel, New Street Rental Market has increased by 44.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.2% | £514pcm |
| June 2025 | 5.3% | £494pcm |
| June 2024 | 5.2% | £469pcm |
| June 2023 | 4.2% | £446pcm |
| June 2022 | 7.3% | £428pcm |
| June 2021 | 6.9% | £399pcm |
| June 2020 | 3.3% | £373pcm |
| June 2019 | 0.8% | £361pcm |
| June 2018 | -0.7% | £358pcm |
| June 2017 | 1.2% | £361pcm |
| June 2016 | 4.3% | £357pcm |
| June 2015 | 2.5% | £342pcm |
| June 2014 | 1.4% | £334pcm |
| June 2013 | 1.3% | £329pcm |
| June 2012 | -1.1% | £325pcm |
| June 2011 | -0.3% | £328pcm |
| June 2010 | 2.8% | £329pcm |
| June 2009 | -7.5% | £321pcm |
| June 2008 | 4.2% | £347pcm |
| June 2007 | 0% | £333pcm |
Sales History
The last sale was on 13th November 2020 for £1,011,500 and since then the market in the area has remained stable. The building has had a total of 2 sales since 1995.
Melbourne Hotel, New Street, Cromer, NR27 9HP has seen no sales in the last three years and no sales in the last twelve months.
Property Types
- 7 period flats built between 1800 and 1911
- 8 other addresses of unknown type
- period flat (7)
- Unknown (8)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 7 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (2)
- G (0)
- D (3)
- No EPC (8)
Top 3 Most Expensive Sales
- Sold Nov 2020£1,011,500 | 2 Bed FlatFlat 11, Melbourne Hotel, New Street, Cromer, NR27 9HPFlat 11, Melbourne Hotel, New Street, Cromer, NR27 9HP
- Sold Feb 2003£484,000 | 2 Bed FlatFlat 1, Melbourne Hotel, New Street, Cromer, NR27 9HPFlat 1, Melbourne Hotel, New Street, Cromer, NR27 9HP
- Sold Dec 2015£459,000 | 2 Bed Flat29A, New Street, Cromer, NR27 9HP29A, New Street, Cromer, NR27 9HP
Schools Nearby
- Cromer Junior School1.3 km away
- Suffield Park Infant and Nursery School, Cromer1.3 km away
- Overstrand, the Belfry, Church of England Voluntary Aided Primary School3.0 km away
- Cromer Academy1.1 km away
- Sheringham High School6.8 km away
- North Walsham High School14.2 km away
More reading links
Public Transport Nearby
The closest station to Melbourne Hotel, New Street, Cromer, NR27 9HP is Cromer station, which is 500 metres away.
- Cromer|500 m away
- Roughton Road|1.6 km away
- West Runton|3.6 km away
- Sheringham|6.0 km away
