12, OLD LANE, CORTON, LOWESTOFT, NR32 5HE - £500,000

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 OLD LANE is a very large extended detached house of 213m², built sometime between 1976 and 1982. It was last sold for £500,000 in August 2017, which was around 48% above the average August 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was C.

12 OLD LANE Sold Prices

Land registry data shows two sales for 12 OLD 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 OLD 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
2017 4 AUG	£500,000	£338,592	48% above HPI
2006 21 JUL	£305,000	£231,620	32% above HPI

12 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 two 12 OLD LANE sales from July 2006 and August 2017 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 2006 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2017 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 12 OLD LANE?

12 OLD LANE is 213m², which includes two extensions, according to the EPC inspection conducted in September 2015. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 12 OLD LANE lies on this distribution: 98% of detached houses are smaller than 12 OLD LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

12 OLD LANE: Plot and Title Map

12 OLD LANE sits on a plot of roughly 0.496 of an acre, or 2,007m². The below map shows the location of 12 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 12 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 12 OLD LANE?

12 OLD LANE is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 12 on OLD LANE.