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Corner Street, Cromer, NR27

East of England

£220,000
Listed on 07/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
657 sqft

Description

This two-bedroom terraced house, located in the heart of a vibrant town centre, presents an excellent opportunity for those looking to invest in a property with significant renovation potential. With various local amenities and the beach just a short walk away, the home offers a blend of convenience and coastal lifestyle, making it attractive for first-time buyers or investors seeking a project. The property requires comprehensive renovation throughout, allowing prospective owners to personalize and modernize the space according to their own specifications. The layout consists of a spacious lounge and kitchen/diner on the ground floor, leading to two well-proportioned double bedrooms and a bathroom upstairs. Additionally, the property boasts an allocated parking space—an invaluable asset amid limited parking options in central locations. This is not just a dwelling; it's an opportunity to create a unique residence within a highly desirable seaside setting.

Investment Analysis

(NR27 area)

Above Market Value

This property is priced +5.3% above area average per sq ft

+5.3%
This Property
£335/sq ft
Area Average
£318/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£229,891
10% above area average per sq ft
Potential ROI
-11.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NR27)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -8.7%
5 year growth: -1.2%
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

Corner Street, Cromer, NR27
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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