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
- £286,000
- Sales (12m)
- 1,339
- YoY change
- -3.2%
- Pipeline units
- 4,730
- Pipeline GDV
- £1349.4M
Planning pipeline
Planning activity
in Cromer.
18 residential applications awaiting decision
·1,083 units in pipeline·£308.8M estimated GDVCurrent Applications
| Ref | Proposal | Units | Est. GDV | Status | Date |
|---|---|---|---|---|---|
| PU/26/1696 | Change of use of rear part of ground floor and upper floors from Bank (Class E) … 6 Market Place North Walsham Norfolk NR28 9BP | 3 | £491,250 | Pending | 10/08/2026 |
| PF/26/1433 | Change of use of first floor of building, currently used for purposes ancilliary… 8 - 9 St Nicholas Court Vicarage Street North Walsham Norfolk NR28 9BY | 2 | £327,500 | Pending | 07/07/2026 |
| CD/26/1437 | Discharge of Condition 2 (Materials External Surfaces) of Planning Permission PM… Land Off Overstrand Road Cromer Norfolk | 118 | £33.7M | Pending | 07/07/2026 |
| NMA/26/1382 | Non-material amendment of planning permission PM/25/1662 (Details of appearance,… Former Sports Ground Station Road North Walsham | 54 | £15.4M | Pending | 30/06/2026 |
| PO/26/1339 | Development of up to 49 dwellings (Use Class C3) and a 0.7ha cemetery extension … Land West Of Cley Road Holt Norfolk | 49 | £14.0M | Pending | 23/06/2026 |
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 £154.7M in combined GDV across 515 units, with indicative capital stacks for each.
Major Residential Development Awaiting decision
Land South Of Norwich Road North Walsham Norfolk
£103.0M
Estimated GDV
Units
343
GDV / Unit
£300k
Build Cost (Range)
£49.0M–£61.8M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £286,000 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 | £103.0M |
| Construction (23,324 sqm @ £2,380/sqm mid) | −£55.5M |
| Externals, fees & contingency | −£16.3M |
| Finance (65% LTGDV, 24m) & sales costs | −£11.8M |
| Developer profit target (17.5% on GDV) | −£18.0M |
| 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 Off Overstrand Road Cromer Norfolk
£35.4M
Estimated GDV
Units
118
GDV / Unit
£300k
Build Cost (Range)
£16.9M–£21.3M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £286,000 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 | £35.4M |
| Construction (8,024 sqm @ £2,380/sqm mid) | −£19.1M |
| Externals, fees & contingency | −£5.6M |
| Finance (65% LTGDV, 24m) & sales costs | −£4.1M |
| Developer profit target (17.5% on GDV) | −£6.2M |
| 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
Former Sports Ground Station Road North Walsham
£16.2M
Estimated GDV
Units
54
GDV / Unit
£300k
Build Cost (Range)
£7.7M–£9.7M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £286,000 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 | £16.2M |
| Construction (3,672 sqm @ £2,380/sqm mid) | −£8.7M |
| Externals, fees & contingency | −£2.6M |
| Finance (65% LTGDV, 24m) & sales costs | −£1.9M |
| Developer profit target (17.5% on GDV) | −£2.8M |
| 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 £286,000 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.
1,339 residential transactions in the last twelve months. Median sold price £286,000 (-3.2% YoY). 2 new-build transactions with a % premium over existing stock.
Detached
£385,000
Semi-Detached
£255,000
Terraced
£227,500
Flat
£163,750
| Date | Address | Type | Price | Tenure |
|---|---|---|---|---|
| 24 Jun 2026 | BARN END, FIELD DALLING ROADNR21 0QS | Detached | £651,000 | Freehold |
| 24 Jun 2026 | 1, STATION ROADNR25 7HQ | Semi-Detached | £236,500 | Freehold |
| 23 Jun 2026 | CARINYA, NORWICH ROADNR11 6QD | Terraced | £270,000 | Freehold |
| 19 Jun 2026 | FLAT 2, 32, CABBELL ROADNR27 9HX | Flat | £185,000 | Leasehold |
| 19 Jun 2026 | 10, SOUTHREPPS ROADNR11 8EX | Semi-Detached | £410,000 | Freehold |
| 19 Jun 2026 | 37, FULCHER AVENUENR27 9SG | Detached | £427,500 | Freehold |
| 19 Jun 2026 | 9, RICHMOND COURT GARDENSNR27 9AQ | Detached | £265,000 | Leasehold |
| 17 Jun 2026 | 2, STAITHE CLOSENR12 8AF | Detached | £280,000 | Freehold |
| 16 Jun 2026 | FENSBROOK HOUSE, KING STREETNR12 8BW | Detached | £550,000 | Freehold |
| 15 Jun 2026 | 15, LEGRICE CRESCENTNR28 9AE | Semi-Detached | £255,000 | Freehold |
Source: HM Land Registry price paid data, 12 months to August 2026 · North Norfolk District Council planning register, retrieved August 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
£2,410,000
Loan Amount
£1,567,000
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 18 residential applications awaiting decision in Cromer, together proposing 1,083 units — the largest single scheme proposes 343 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, End of H1 2026
Median price £287,750, 1,378 sales, -2.5% YoY. Norfolk county.
5 min read
Norfolk Property Market: Prices, Trends & Development Finance, End of H1 2026
8 towns analysed. Median price £266,250, 8,854 transactions, -1.9% 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