Hillcrest, 3 Fletcher Way, Cromer, NR27 0HW

UPRN:10034818040Detached Bungalow2 bedsBuilt 1996-2002

FreeholdCouncil Tax: Band EEPC: C (69)

Data freshness:Listing· freshPrice Paid· freshPlanning· 4mo agoEPC· freshRisk· 5mo agoConnectivity· 1mo agoSchools· 1mo agoAmenities· 2mo agoArea· Census 2021

Hillcrest, 3 Fletcher Way, Cromer, NR27 0HW

HP Score

/ 100

Strong

Verdict

2 days ago

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Strong fundamentals; flood risk not assessed

Evidence

18 of 21 sources

Sale Estimate

£515,000

£489k - £541kHigh

Estimate

£515k

Range

£489k – £541k

Rent Estimate (pcm)

£1,900

£2k - £2k

Monthly

£1,900

Yield

4.70%

Verdict

Derived from HomePortfolio scores

Hillcrest earns an INVESTIGATE rating with HP Score 78/100. Investment score 60/100 reflects moderate fundamentals. Crime intensity is very low. Walkability is limited (64/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is freehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry covenantsHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

78/ 100

Strong

Investment Score

60/ 100

Moderate

Crime Score

5/ 100

Low

Walkability

64/ 100

Moderate

Transit & Bike

Transit 3Bike 48

Walk Score, out of 100

Opportunity

Why this could be an opportunity

Low confidence0 independent sourcesListing checked 3 Nov 2026

This rests largely on a single source. Treat the score as a prompt to investigate, not a conclusion.

Valuation edge0/15
claims [AVM +5.8% (HIGH)] → measured edge +0.00pp of the ask; on later-registered sales an AVM discount carried no edge and a sold-evidence gap at most +0.5pp
Market estimate used (HIGH confidence) · snapshot 13 Oct 2026
- valuation_snapshotsestimate for 10034818040· as of 13 Oct 2026
Rental economics0/40
gross yield 4.7%; range width penalty ×0.78
- valuation_snapshotsrent estimate 1900/mo (range 1700-2100)· as of 13 Oct 2026· verify before relying on this
Stress margin0/30
stressed cash flow -780/mo, -41% of rent (6.75% on a 75% loan; no service charge or ground rent disclosed); fails the stress - earns nothing
- underwriting_assumptionscosts not disclosed by the advert· as of 3 Nov 2026
Seller motivationNot scored
context, not scored: 3 price cut(s), unknown days on market; homes with a cut sold 0.2-0.3pp further below the cut ask, which is not an edge
- portal_listingsprice_changes + first_published_date· as of 3 Nov 2026
Risk & liquidity14.6/15
161 sales/12mo in area; valuation range width 10%
- property_intelligencetransactions_12mo

4 of 4 components scored. Ranks on gross yield, the stress margin, risk and disclosed facts. A pricing claim earns only its measured edge: today 0 for the market estimate and at most +0.5pp for sold evidence. The score itself is not yet checked against the outcomes of homes it scored.

Economics

What happens to your money

Price sensitivity

£364,000£558,000

The same scorer re-run at hypothetical asking prices, holding rent, comps and listing history constant. Not a prediction of what the seller would accept.

Your assumptions

Purchase price£485,000

At the asking price

Monthly rent£1,900/mo

Evidenced range £1,700-£2,100

Interest rate5.4%

Loan to value75%

Cash required: £161,050
Net cash flow: -£321/mo
Cash on cash: -2.4%
Score at this price: 15

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 1.16 - below the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Evidence

Where every number comes from

valuation_snapshotsestimate for 10034818040Valuation edge · as of 13 Oct 2026
valuation_snapshotsrent estimate 1900/mo (range 1700-2100)Rental economics · as of 13 Oct 2026 · verify before relying on this
underwriting_assumptionscosts not disclosed by the advertStress margin · as of 3 Nov 2026
portal_listingsprice_changes + first_published_dateSeller motivation · as of 3 Nov 2026
property_intelligencetransactions_12moRisk & liquidity

Sold comparables in depth

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion
Rental economics needs verification before you rely on it
rent estimate 1900/mo (range 1700-2100)
Seller motivation could not be scored
context, not scored: 3 price cut(s), unknown days on market; homes with a cut sold 0.2-0.3pp further below the cut ask, which is not an edge

Property risk deep-dive →

Plan

Before you offer

1. Get two written rental appraisals from local lettings agents.
The rent estimate rests on area-level evidence, not lettings on this street.
2. Ask the agent why the price was reduced and whether a previous sale fell through.
3 price cut(s) recorded on the listing history.
3. Treat the gap to the estimate as unproven - compare recent sold prices on the street yourself before pricing an offer around it.
On later completions, homes listed below their estimate sold at the same share of the asking price as the rest.
4. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Valuation & Market

Sale Estimate£515,000

Rent Estimate (pcm)£1,900

Gross Yield4.70%

1y Growth-

3y Growth-3.6%

5y Growth-0.5%

10y Growth+3.5%

Last Sold Price£140,000 (2000-06-09)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceLow
RadonLow
MiningUnknown
LandslideLow
Air QualityLow
NoiseLow

View Full Risk Report

Planning Activity

Recent Apps

0NR27 0HW

Approval Rate

-12mo

Development

low

RV/26/2183
Variation of conditions 1 (approved plans), 2, 3, 6, 11, 15, 16, 17 and 18, and removal of conditions 5, 14 and 20 of planning permission ref: RV/23/1131 (Variation of condition 1 of planning permission ref. RV/21/2628 [variation of condition 1 (plans) of planning permission PF/19/1073 (variation of condition 1 (plans) of planning permission PO/18/1779 to allow changes to garaging & parking, with underground parking changing the design of the Day Room, a small rear extension to Larkwood Apartments for services & balconies added at first floor level to Larchwood Court and Oakwood House),to allow addition of a single storey side extension to unit 4 of Oakwood House, and the addition of 2 no. replacement parking spaces (in lieu of double garage)] to allow for changes to elevation and roof design of Maplewood House, Woodland House and Rosewood House and to include basement parking; new dayroom position and removal of Laurel House
Pending
TW/26/2172
Mature Sycamore in front of 17 St Martins Close on land between footpath and School boundary. Remove two lower branches to retain shape and enhance view from house.
Pending
IB/26/2187
Notification of use of land as a temporary recreational campsite under Schedule 2, Part 4, Class BC of the Town and Country Planning (General Permitted Development (England) Order 2015 (as amended) to be open between 17 July 2027 to 5 September 2027 inclusive with maximum capacity of 50 pitches
Approved

View Planning Timeline

Ownership

Corporate Ownership71.7%
Overseas OwnershipNo
Lease Term Remaining-
CovenantsRestrictive
Lease TypeFreehold
Last Ownership Change2000-06-09
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

16 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£28,421

Population Density1,217 /km²

Owner Occupied70%

Age Distribution

0-15 8%16-64 37%65+ 55%

View Area Profile

Schools Nearby

Cromer Academy
0.3 mi
Good
Cromer Junior School
0.3 mi
Good
Suffield Park Infant and Nursery School, Cromer
0.4 mi
Area grades2024
Inspected after Ofsted withdrew the single overall grade.
Overstrand, the Belfry, Church of England Voluntary Aided Primary School
1.6 mi
Good

0 of 10 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

1 Fletcher Way
-
£618k
-
1 Fletcher Way
-
£495k
-
1 Fletcher Way
-
£285k
-
1 Fletcher Way
-
£263k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN