12, GORSE LANE, REYDON, SOUTHWOLD, IP18 6NG - £475,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 GORSE LANE is a very large extended detached house of 154m², built sometime between 1967 and 1975. It was last sold for £475,000 in July 2011, which was around 89% above the average July 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

12 GORSE LANE Sold Prices

Land registry data shows two sales for 12 GORSE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 12 GORSE LANE sales were for above 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
2011 22 JUL	£475,000	£251,240	89% above HPI
2005 21 JUL	£250,000	£223,310	12% above HPI

12 GORSE 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 two 12 GORSE LANE sales from July 2005 and July 2011 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 July 2005 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2011 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

How Large is 12 GORSE LANE?

12 GORSE LANE is 154m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the largest 20% of detached houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses by size in Reydon, and where 12 GORSE LANE lies on this distribution: 88% of detached houses are smaller than 12 GORSE LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Reydon.

12 GORSE LANE: Plot and Title Map

12 GORSE LANE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 12 GORSE 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 12 GORSE 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 12 GORSE LANE?

12 GORSE LANE is located in REYDON, in the IP18 postcode district. The below map shows the position of No. 12 on GORSE LANE.