3, BAILEY ROAD, CROMER, NR27 0JQ - £212,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 BAILEY ROAD is a midsized detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £314,154. It was last sold for £212,500 in November 2014, which was around 24% below the average November 2014 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

3 BAILEY ROAD Sold Prices

Land registry data shows five sales for 3 BAILEY ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the five 3 BAILEY ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 24 NOV	£212,500	£278,098	24% below HPI
2014 24 JAN	£197,500	£253,541	22% below HPI
2006 7 JUL	£193,000	£231,394	17% below HPI
2000 25 JUL	£89,950	£107,973	17% below HPI
1996 24 APR	£58,000	£70,203	17% below HPI

3 BAILEY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The five 3 BAILEY ROAD sales between April 1996 and November 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 3 BAILEY ROAD be worth now?

3 BAILEY ROAD might now be worth an estimated £314,154.

This is based on house price inflation of 47.8%, between November 2014 and May 2026, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.8% inflationary increase is applied to the most recent sale price for 3 BAILEY ROAD of £212,500 on 24th November 2014. For the value to have increased from £212,500 to £314,154 over the twelve years and six months to May 2026, the following assumptions must hold true:

• The value of 3 BAILEY ROAD has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The November 2014 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 3 BAILEY ROAD has not materially changed since November 2014.

How Large is 3 BAILEY ROAD?

3 BAILEY ROAD is 99m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 50% of detached houses houses in Cromer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cromer, and where 3 BAILEY ROAD lies on this distribution: 42% of detached houses houses are smaller than 3 BAILEY ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Cromer.

3 BAILEY ROAD: Plot and Title Map

3 BAILEY ROAD sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 3 BAILEY ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 BAILEY ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 BAILEY ROAD?

3 BAILEY ROAD is located in CROMER, in the NR27 postcode district. The below map shows the position of No. 3 on BAILEY ROAD.