16, THE FIRS, LAKENHEATH, BRANDON, IP27 9EX - £157,500

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

16 THE FIRS is a very small detached house of 65m², built sometime between 1976 and 1982. It was last sold for £157,500 in August 2016, which was around 55% below the average August 2016 detached price in the West Suffolk local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

16 THE FIRS Sold Prices

Land registry data shows three sales for 16 THE FIRS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the three 16 THE FIRS sales were 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 15 AUG	£157,500	£352,843	55% below HPI
2006 27 OCT	£122,000	£257,836	53% below HPI
1998 28 AUG	£51,000	£101,482	50% below HPI

16 THE FIRS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The three 16 THE FIRS sales between August 1998 and August 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 October 2006 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the August 2016 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 16 THE FIRS?

16 THE FIRS is 65m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 20% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 16 THE FIRS lies on this distribution: 14% of detached houses are smaller than 16 THE FIRS, and 86% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

16 THE FIRS: Plot and Title Map

16 THE FIRS sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 16 THE FIRS, 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 16 THE FIRS). 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 16 THE FIRS?

16 THE FIRS is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 16 on THE FIRS.