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Company No. 11113204
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According to the public record, 4, New Parade, Cromer is a period leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 4, New Parade, Cromer is £113,456 and the estimated rental value is £568 per month.
New Parade, Cromer, NR27 is located in the borough of North Norfolk within the NR27 postal district.
4, New Parade, Cromer has 31 entries in the Land Registry , most recently in December 2017 and a single entry in the EPC database dated January 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 4, New Parade, Cromer is in very good condition we estimate a sale value of £119,129 and a rental value of £596 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,514 and a rental value of £528 per month.
Over the last 12 months the sale value of 4 New Parade Cromer has decreased by an estimated £1,688 (1.5%) and its rental value has increased by an estimated £20 per month (3.6%), giving an expected gross yield of 6%.
4, New Parade, Cromer has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Jan 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 4, New Parade, Cromer was last sold on 15th December 2017 for £105,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since December 2017, the market for similar properties has risen 25.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, New Parade, Cromer within a radius of 540 metres over the last 2 years.
The most recent example is Flat 4, Kentford House 9-11, Church Street, Cromer, NR27 9ER, a leasehold flat which sold for £77,500 on the 27th October 2023.
Read more about house prices in NR27.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Parade, Cromer, NR27 has a total of 10 addresses. According to our analysis of all the public data, 4, New Parade, Cromer is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £191k less expensive than the average property in NR27.
The closest station to 4, New Parade, Cromer is Cromer station which is 700 metres away.
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.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, New Parade, Cromer, 55.4% of property is privately rented and 30.4% 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 4, New Parade, Cromer, 14.0% of residents are recorded as possessing school level qualifications and 22.9% 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 4, New Parade, Cromer, 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 4, New Parade, Cromer, 0.4% 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 4, New Parade, Cromer, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
