Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
According to the public record, Flat 1, Marine View, Cromer is a period leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, Marine View, Cromer is £353,919 and the estimated rental value is £1,519 per month.
The apartment is within Marine View, Promenade, Cromer, NR27.
Promenade, Cromer, NR27 is located in the borough of North Norfolk within the NR27 postal district.
Flat 1, Marine View, Cromer has a single entry in the Land Registry from April 2021 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property 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, Marine View, Cromer is in very good condition we estimate a sale value of £371,615 and a rental value of £1,595 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,145 and a rental value of £1,412 per month.
Over the past 12 months, the estimated sale value of Flat 1, Marine View, Cromer has climbed by £2,256 (0.6%), while its estimated rental value has risen by £83 per month (5.4%). Based on current estimates, the property offers a gross rental yield of 5.1%.
Flat 1, Marine View, Cromer has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 29 Sep 2020.
The property is not connected to mains gas and has single glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, Flat 1, Marine View, Cromer was last sold on 8th April 2021 for £200,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since April 2021, the market for similar properties has risen by 19.9%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Marine View, Cromer within a radius of 570 metres over the last 2 years.
The most recent example is Flat 2, Collison Place 8, Louden Road, Cromer, NR27 9EF, a leasehold flat which sold for £435,000 on the 18th February 2022.
Read more about house prices in NR27.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Promenade, Cromer, NR27 has a total of 14 addresses. According to our analysis of all the public data, Flat 1, Marine View, Cromer is the 10th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in NR27.
The closest station to Flat 1, Marine View, Cromer is Cromer station, which is 600 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, Marine View, 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, Marine View, 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, Marine View, 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, Marine View, 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, Marine View, 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.
