Average Price for property in Cromer is around £215,527 which varies based on type of property you are interested in and ranges from £281,672 for detached house to around £202,040 for semi-detached. Similarly terraced house is around £175,052 and a flat is worth £144,282. Values have been changing and have risen £1,147 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £15 in last 6 months, £9,481 in last 1 year, £20,358 in last 2 years, £16,649 in last 3 years, £22,678 in last 4 years and £26,476 in last 5 years.
Currently average asking price of a property in Cromer is around £234,804 based on approximately 245 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £712 per month.
Estimated property value in Cromer is £215,527. Average asking price is £234,804 while average price paid is £193,660 which is up by £9,481 and Avg. asking rent £712.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Cromer area. In last 1 year alone average price buyer paid is around £193,660 based on approximately 245 sales in Cromer area alone. If you compare it to last 3 years sales of 676 properties where buyers paid around £185,573. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £186,268 for 1,112 and average amount paid for purchase of approx. 1,503 properties sold in last 7 years comes to about £184,559 per sale.