17, LORNE ROAD, SOUTHWOLD, IP18 6EP - £385,000

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.

17 LORNE ROAD is a very small detached house of 54m², built sometime between 1930 and 1949, which could now be worth an estimated £550,659. It was last sold for £385,000 in June 2015, which was around 30% above the average June 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was B.

17 LORNE ROAD Sold Prices

Land registry data shows two sales for 17 LORNE ROAD 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 17 LORNE ROAD 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
2015 1 JUN	£385,000	£296,570	30% above HPI
2014 13 JAN	£325,000	£262,078	24% above HPI

17 LORNE ROAD 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 17 LORNE ROAD sales from January 2014 and June 2015 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 January 2014 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the June 2015 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 17 LORNE ROAD be worth now?

17 LORNE ROAD might now be worth an estimated £550,659.

This is based on house price inflation of 43%, between June 2015 and March 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 43% inflationary increase is applied to the most recent sale price for 17 LORNE ROAD of £385,000 on 1st June 2015. For the value to have increased from £385,000 to £550,659 over the ten years and three months to March 2025, the following assumptions must hold true:

• The value of 17 LORNE ROAD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2015 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 17 LORNE ROAD has not materially changed since June 2015.

How Large is 17 LORNE ROAD?

17 LORNE ROAD is 54m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses houses in Southwold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwold, and where 17 LORNE ROAD lies on this distribution: 4% of detached houses houses are smaller than 17 LORNE ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Southwold.

17 LORNE ROAD: Plot and Title Map

17 LORNE ROAD sits on a plot of roughly 0.016 of an acre, or 65m². The below map shows the location of 17 LORNE ROAD, 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 17 LORNE ROAD). 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 17 LORNE ROAD?

17 LORNE ROAD is located in SOUTHWOLD, in the IP18 postcode district. The below map shows the position of No. 17 on LORNE ROAD.