18, THE FIRS, LAKENHEATH, BRANDON, IP27 9EX - £242,500

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

18 THE FIRS is a small extended semi-detached house of 76m², built sometime between 1967 and 1975. It was last sold for £242,500 in August 2017, which was around 35% below the average August 2017 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was C.

18 THE FIRS Sold Prices

Land registry data shows four sales for 18 THE FIRS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. All of the four 18 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
2017 25 AUG	£242,500	£371,272	35% below HPI
2014 5 SEP	£119,950	£306,645	61% below HPI
2004 25 AUG	£132,000	£237,921	45% below HPI
1995 22 MAR	£47,500	£79,917	41% below HPI

18 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 four 18 THE FIRS sales between March 1995 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 September 2014 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the August 2017 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 18 THE FIRS?

18 THE FIRS is 76m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% of detached houses in Lakenheath, based on EPC data. The below chart shows the distribution of detached houses by size in Lakenheath, and where 18 THE FIRS lies on this distribution: 31% of detached houses are smaller than 18 THE FIRS, and 68% of houses are larger. Note that EPC data is not available for all properties in Lakenheath.

18 THE FIRS: Plot and Title Map

18 THE FIRS sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 18 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 18 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 18 THE FIRS?

18 THE FIRS is located in LAKENHEATH, in the IP27 postcode district. The below map shows the position of No. 18 on THE FIRS.