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St. Margarets Lane, Cromer, NR27

East of England

£310,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1067 sqft

Description

Situated moments from the scenic seafront of Cromer and the lively town centre, this charming three-bedroom residence seamlessly merges traditional features with modern living. It presents a notable opportunity for those looking to invest as a primary home, a secondary getaway, or an ideal holiday rental. Inside, the inviting lounge boasts a wood-burning stove, creating a cozy atmosphere for evenings in. The expansive kitchen/diner is well-equipped, featuring integrated appliances and ample space for dining and gatherings. On the first floor, you will find two spacious bedrooms along with a stylish principal bedroom fitted with built-in wardrobes; the bathroom maintains character while catering to contemporary needs. The third bedroom on the second floor offers versatility as an office or guest space. A standout feature is the sizable cellar that holds significant potential for conversion into additional living space (subject to local regulations). Outside, off-road parking is available—an increasingly rare asset in this sought-after locale—along with a brick shed for extra storage. This property truly deserves your attention to explore its potential fully.

Investment Analysis

(NR27 area)

Below Market Value

This property is priced -8.5% below area average per sq ft

-8.5%
Potential saving
This Property
£291/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£225
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£372,826
10% above area average per sq ft
Potential ROI
+6.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (NR27)

Area prices are rising by +3.1% over the last 12 months
3 year growth: -3.0%
5 year growth: +5.9%
Investment Disclaimer: Analysis based on NR27 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Margarets Lane, Cromer, NR27
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,118
Based on a loan of £232,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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