10, OLD LANE, CORTON, LOWESTOFT, NR32 5HE - £410,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 OLD LANE is a very large detached house of 164m², built sometime between 1950 and 1966, which could now be worth an estimated £534,450. It was last sold for £410,000 in October 2016, which was around 26% above the average October 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2015, where the current energy rating was C, and the potential energy rating was B.

10 OLD LANE Sold Prices

Land registry data shows three sales for 10 OLD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 10 OLD LANE sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 26 OCT	£410,000	£324,537	26% above HPI
2014 9 DEC	£250,000	£283,945	12% below HPI
2008 27 FEB	£300,000	£258,491	16% above HPI

10 OLD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 10 OLD LANE sales between February 2008 and October 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2016 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 10 OLD LANE be worth now?

10 OLD LANE might now be worth an estimated £534,450.

This is based on house price inflation of 30.4%, between October 2016 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for 10 OLD LANE of £410,000 on 26th October 2016. For the value to have increased from £410,000 to £534,450 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 10 OLD LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2016 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 10 OLD LANE has not materially changed since October 2016.

How Large is 10 OLD LANE?

10 OLD LANE is 164m² according to the EPC inspection conducted in December 2015. This puts it in the largest 10% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 10 OLD LANE lies on this distribution: 92% of detached houses houses are smaller than 10 OLD LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

10 OLD LANE: Plot and Title Map

10 OLD LANE sits on a plot of roughly 0.194 of an acre, or 784m². The below map shows the location of 10 OLD LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 10 OLD LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 10 OLD LANE?

10 OLD LANE is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 10 on OLD LANE.