1B, THE LANE, WRENTHAM, BECCLES, NR34 7HF - £219,995

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1B THE LANE is a small detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £350,507. It was last sold for £219,995 in March 2014, which was around 15% below the average March 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

1B THE LANE Sold Prices

Land registry data shows two sales for 1B THE 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 1B THE LANE 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
2014 21 MAR	£219,995	£259,148	15% below HPI
2007 30 MAY	£207,500	£241,660	14% below HPI

1B THE 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 1B THE LANE sales from May 2007 and March 2014 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 May 2007 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2014 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1B THE LANE be worth now?

1B THE LANE might now be worth an estimated £350,507.

This is based on house price inflation of 59.3%, between March 2014 and December 2024, 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 59.3% inflationary increase is applied to the most recent sale price for 1B THE LANE of £219,995 on 21st March 2014. For the value to have increased from £219,995 to £350,507 over the nine years and three months to December 2024, the following assumptions must hold true:

• The value of 1B THE LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2014 sale price of £219,995 represented a fair market value for the property.
• The size, condition, and specification of 1B THE LANE has not materially changed since March 2014.

How Large is 1B THE LANE?

1B THE LANE is 102m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of detached houses houses in Wrentham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wrentham, and where 1B THE LANE lies on this distribution: 40% of detached houses houses are smaller than 1B THE LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Wrentham.

1B THE LANE: Plot and Title Map

1B THE LANE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 1B THE 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 1B THE 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 1B THE LANE?

1B THE LANE is located in WRENTHAM, in the NR34 postcode district. The below map shows the position of No. 1B on THE LANE.