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According to the public record, Flat 1, 5, Hans Place, Cromer is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 1,112 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 5, Hans Place, Cromer is £157,768 and the estimated rental value is £770 per month.
The apartment is within 5, Hans Place, Cromer, NR27.
Hans Place, Cromer, NR27 is located in the borough of North Norfolk within the NR27 postal district.
Flat 1, 5, Hans Place, Cromer has a single entry in the Land Registry from March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 1, 5, Hans Place, Cromer is in very good condition we estimate a sale value of £165,656 and a rental value of £808 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,724 and a rental value of £716 per month.
Over the last 12 months the sale value of Flat 1 5 Hans Place Cromer has decreased by an estimated £2,347 (1.5%) and its rental value has increased by an estimated £28 per month (3.6%), giving an expected gross yield of 5.9%.
According to HM Land Registry, Flat 1, 5, Hans Place, Cromer was last sold on 20th March 2007 for £180,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2007, the market for similar properties has risen 37.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 5, Hans Place, Cromer within a radius of 490 metres over the last 2 years.
The most recent example is Flat 1, Westbourne House , Prince Of Wales Road, Cromer, NR27 9HS, a leasehold flat which sold for £185,000 on the 21st June 2022.
Read more about house prices in NR27.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hans Place, Cromer, NR27 has a total of 23 addresses. According to our analysis of all the public data, Flat 1, 5, Hans Place, Cromer is the 5th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in NR27.
The closest station to Flat 1, 5, Hans Place, Cromer is Cromer station which is 500 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 Flat 1, 5, Hans Place, Cromer, 72.0% of property is privately rented and 19.7% 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 Flat 1, 5, Hans Place, Cromer, 9.3% of residents are recorded as possessing school level qualifications and 33.5% 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 Flat 1, 5, Hans Place, 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 Flat 1, 5, Hans Place, Cromer, 1.0% 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 Flat 1, 5, Hans Place, 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.
