Cromer, Norfolk
Bridging Finance
in Cromer
Expert bridging finance for property developers in Cromer. We connect you with competitive funding from our panel of 100+ lenders.
Cromer, Norfolk
Bridging Finance
in Cromer.
Live market data
Cromer
market snapshot.
HM Land Registry sold-price data for Cromer over the last twelve months, alongside the live local planning pipeline. Updated weekly.
- Median price
- £290,000
- Sales (12m)
- 1,895
- YoY change
- -3.3%
- Approved (recent)
- 100
- Pipeline units
- 1,816
- Pipeline GDV
- £518.1M
Planning pipeline
Planning activity
in Cromer.
100 approved (last 12 months)
·65 pending
·1,816 units in pipeline·£518.1M estimated GDV·88% approval rate (last 12 months)Recently Approved
| Ref | Proposal | Units | Est. GDV | Status | Date |
|---|---|---|---|---|---|
| LA/25/2160 | Conversion of first floor vacant class E space into one two-bedroom self contain… 4 Market Place Fakenham Norfolk NR21 9BA | 1 | £168,250 | Pending | 30/09/2025 |
| PF/25/2381 | Demolition of barns, outbuildings and two storey house and erection of 6no. dwel… 58 Norwich Road North Walsham Norfolk NR28 0DX | - | - | Pending | 27/10/2025 |
| PF/25/2303 | Change of use from holiday let to single dwelling. Alterations to fenestration a… Alton House 6 Alexandra Road Sheringham Norfolk NR26 8HU | 1 | £290,000 | Pending | 14/10/2025 |
| PM/25/2284 | Details of access, appearance, landscaping, layout and scale for village open sp… Land North Of Village Hall Coast Road (southern Part Of Field Along Coast Road) Bacton Norfolk | 47 | £13.6M | Pending | 14/10/2025 |
| PU/25/2201 | Change of use of two agricultural buildings to form 10 dwellings (Class C3), com… Land At The Rear Of 120 The Street Kettlestone NR21 0AU | 10 | £2.9M | Pending | 03/10/2025 |
Current Applications
| Ref | Proposal | Units | Est. GDV | Status | Date |
|---|---|---|---|---|---|
| PF/26/1947 | Change of use of land from agricultural to residential garden land, Including th… 17 Halifax Crescent Sculthorpe Fakenham Norfolk NR21 7PS | 1 | £290,000 | Pending | 14/09/2026 |
| PF/26/1868 | Conversion of attached cart shed barn to additional living space for dwelling. A… Great Barn Walcott Road Bacton Norwich Norfolk NR12 0EY | 1 | £290,000 | Pending | 03/09/2026 |
| PF/26/1858 | Hybrid planning application seeking: 1) Full application for erection of pumping… Land North Of Uplands Tunstead Road Hoveton Norfolk | 238 | £69.0M | Pending | 28/08/2026 |
| RV/26/1835 | Construction of 38 residential dwellings with associated infrastructure and land… Land Off Norwich Road Corpusty Norfolk | 38 | £11.0M | Pending | 27/08/2026 |
| PF/26/1821 | Conversion of existing building to form three self-contained residential flats (… 39 Cabbell Road Cromer Norfolk NR27 9HX | 3 | £504,750 | Pending | 25/08/2026 |
Deal intelligence
Key schemes
in Cromer.
Indicative appraisals of the largest residential schemes in the Cromer planning pipeline (all currently awaiting decision). These 3 schemes represent an estimated £310.0M in combined GDV across 1,018 units, with indicative capital stacks for each.
Major Residential Development Awaiting decision
Land West Of North Walsham Between Cromer Road & Norwich Road North Walsham Norfolk
£133.1M
Estimated GDV
Units
437
GDV / Unit
£305k
Build Cost (Range)
£62.4M–£78.7M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £290,000 plus a 5% new-build premium (assumed). At benchmark build costs and a 17.5% profit target, viability is tight - land would need to be secured well below prevailing values for this scheme to appraise. Calculate GDV
| Gross Development Value | £133.1M |
| Construction (29,716 sqm @ £2,380/sqm mid) | −£70.7M |
| Externals, fees & contingency | −£20.8M |
| Finance (65% LTGDV, 24m) & sales costs | −£15.3M |
| Developer profit target (17.5% on GDV) | −£23.3M |
| Implied residual land value | Marginal |
Broker insight: A scheme of this scale would typically attract competitive senior development finance at 60-65% LTGDV with mezzanine stretching to 85% LTGDV. Phased drawdowns reduce interest costs. Consider development exit finance to manage sales at your pace.
Major Residential Development Awaiting decision
Land South Of Norwich Road North Walsham Norfolk
£104.4M
Estimated GDV
Units
343
GDV / Unit
£305k
Build Cost (Range)
£49.0M–£61.8M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £290,000 plus a 5% new-build premium (assumed). At benchmark build costs and a 17.5% profit target, viability is tight - land would need to be secured well below prevailing values for this scheme to appraise. Calculate GDV
| Gross Development Value | £104.4M |
| Construction (23,324 sqm @ £2,380/sqm mid) | −£55.5M |
| Externals, fees & contingency | −£16.3M |
| Finance (65% LTGDV, 24m) & sales costs | −£12.0M |
| Developer profit target (17.5% on GDV) | −£18.3M |
| Implied residual land value | Marginal |
Broker insight: A scheme of this scale would typically attract competitive senior development finance at 60-65% LTGDV with mezzanine stretching to 85% LTGDV. Phased drawdowns reduce interest costs. Consider development exit finance to manage sales at your pace.
Major Residential Development Awaiting decision
Land North Of Uplands Tunstead Road Hoveton Norfolk
£72.5M
Estimated GDV
Units
238
GDV / Unit
£305k
Build Cost (Range)
£34.0M–£42.9M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £290,000 plus a 5% new-build premium (assumed). At benchmark build costs and a 17.5% profit target, viability is tight - land would need to be secured well below prevailing values for this scheme to appraise. Calculate GDV
| Gross Development Value | £72.5M |
| Construction (16,184 sqm @ £2,380/sqm mid) | −£38.5M |
| Externals, fees & contingency | −£11.3M |
| Finance (65% LTGDV, 24m) & sales costs | −£8.3M |
| Developer profit target (17.5% on GDV) | −£12.7M |
| Implied residual land value | Marginal |
Broker insight: A scheme of this scale would typically attract competitive senior development finance at 60-65% LTGDV with mezzanine stretching to 85% LTGDV. Phased drawdowns reduce interest costs. Consider development exit finance to manage sales at your pace.
Appraisal assumptions
- GDV: HM Land Registry blended median of £290,000 plus a 5% new-build premium (assumed).
- Build cost: £2,100-£2,650/sqm (new build, indicative range informed by BCIS regional tender-price data, 2025/26) × 68 sqm/unit (NDSS-derived).
- On-costs: externals 12.5%, professional fees 10%, contingency 5%, sales & legals 3.5000000000000004% of GDV. Excludes CIL/Section 106, which vary by charging schedule and scheme.
- Finance: senior facility at 65% LTGDV, 8.5% pa on an average 57.49999999999999% drawdown over 24 months, plus 2.5% arrangement and exit fees.
- Residual land value assumes the industry-standard 17.5% developer profit-on-GDV target. Indicative appraisal, not a valuation or lending offer.
Land Registry data
Recent property sales
in Cromer.
1,895 residential transactions in the last twelve months. Median sold price £290,000 (-3.3% YoY). 10 new-build transactions with a +143.6% premium over existing stock.
Detached
£385,000
Semi-Detached
£256,050
Terraced
£225,000
Flat
£168,250
| Date | Address | Type | Price | Tenure |
|---|---|---|---|---|
| 24 Jul 2026 | 20, KENWYN CLOSENR25 6RS | Detached | £325,000 | Freehold |
| 23 Jul 2026 | ALONGSIDE, 13, CLIFF ROADNR26 8BJ | Detached | £90,000 | Freehold |
| 23 Jul 2026 | SPRINGFIELD, TOP COMMONNR27 9PR | Detached | £500,000 | Freehold |
| 22 Jul 2026 | 95, GWYN CRESCENTNR21 8NE | Detached | £255,000 | Freehold |
| 21 Jul 2026 | 2, PRIORY ROADNR26 8EW | Semi-Detached | £325,000 | Freehold |
| 20 Jul 2026 | 43, HOVETON PLACENR10 5JS | Terraced | £183,000 | Freehold |
| 17 Jul 2026 | 44, WELLS ROADNR21 9AA | Semi-Detached | £195,000 | Freehold |
| 17 Jul 2026 | 8, HARBORD CLOSENR28 0TA | Semi-Detached | £285,000 | Freehold |
| 17 Jul 2026 | LOW WOOD, THE STREETNR11 7QB | Detached | £325,000 | Freehold |
| 17 Jul 2026 | 1, COLNE HOUSE, COLNE ROADNR27 9DP | Terraced | £284,550 | Freehold |
Source: HM Land Registry price paid data, 12 months to September 2026 · North Norfolk District Council planning register, retrieved September 2026. Contains HM Land Registry data © Crown copyright and database right, licensed under the Open Government Licence v3.0.
Indicative terms
Bridging Finance rates
for Cromer deals.
Typical pricing for bridging finance in Cromer. Actual terms depend on GDV, leverage, location and your experience — the numbers below are where most structured deals land.
Interest Rate
From 6.5% p.a.
Loan to Value
Up to 70% LTGDV
Typical Term
12-24 months
Arrangement Fee
1-2% of facility
Indicative only, subject to individual assessment. Actual terms issued against a completed Deal Room submission.
Representative deal
Example bridging finance
structure.
Illustrative 9-Unit Scheme, Cromer
An indicative appraisal for a nine-unit residential scheme priced at Cromer's own HM Land Registry medians with the locally measured new-build premium applied. Build costs use the regional £/sqm benchmark; every figure updates with the underlying market data.
GDV
£2,420,000
Loan Amount
£1,573,000
LTV
65% LTGDV
Loan Type
Bridging Finance
Representative only. Actual terms vary based on scheme specifics and are issued after underwriting.
Common questions
Bridging Finance in Cromer
— answered.
How active is the development pipeline in Cromer?
The North Norfolk District Council planning register currently shows 65 residential applications awaiting decision in Cromer, together proposing 1,018 units — the largest single scheme proposes 437 units. An active pipeline signals both developer confidence in local demand and lender familiarity with the market, which typically translates into more competitive finance terms.
Market intelligence
Local market
reports.
5 min read
Cromer Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition
Median price £290,000, 1,895 sales, -3.3% YoY. Norfolk county.
6 min read
Norfolk Property Market: Prices, Trends & Development Finance, Q3 2026 Edition
8 towns analysed. Median price £263,540, 12,576 transactions, -2.6% YoY.
Ready when you are
Tell us the deal.
We’ll recommend the structure.
Submit your Bridging Finance enquiry in Cromer and a partner will come back with an initial structure and indicative terms within one working day. No forms-for-forms’-sake — a short note on the scheme is enough.
Where we fund
Cromer,
Norfolk.
Adjacent products
Other services
in Cromer.
Development Finance
From 6.5% p.a. · Up to 65-70% LTGDV
Mezzanine Finance
From 12% p.a. · Up to 85-90% LTGDV
Bridging Loans
From 0.55% p.m. · Up to 75% LTV
Equity & Joint Ventures
Profit share from 40% · Up to 100% of costs
Refurbishment Finance
From 0.65% p.m. · Up to 75% LTV
Commercial Mortgages
From 5.5% p.a. · Up to 75% LTV
Development Exit Finance
From 0.55% p.m. · Up to 75% LTV
Nearby markets