2, NICHOLAS DRIVE, REYDON, SOUTHWOLD, IP18 6RE - £525,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 NICHOLAS DRIVE is a midsized extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £525,000 in May 2024, which was around 26% above the average May 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

2 NICHOLAS DRIVE Sold Prices

Land registry data shows four sales for 2 NICHOLAS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Most of the four 2 NICHOLAS DRIVE 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
2024 10 MAY	£525,000	£417,764	26% above HPI
2021 10 MAY	£435,000	£372,753	17% above HPI
2009 16 DEC	£267,500	£239,716	12% above HPI
2007 7 SEP	£243,000	£266,374	9% below HPI

2 NICHOLAS DRIVE 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 four 2 NICHOLAS DRIVE sales between September 2007 and May 2024 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 2021 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2024 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 2 NICHOLAS DRIVE?

2 NICHOLAS DRIVE is 97m², which includes two extensions, according to the EPC inspection conducted in June 2009. This puts it in the smallest 50% of detached houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses by size in Reydon, and where 2 NICHOLAS DRIVE lies on this distribution: 40% of detached houses are smaller than 2 NICHOLAS DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Reydon.

2 NICHOLAS DRIVE: Plot and Title Map

2 NICHOLAS DRIVE sits on a plot of roughly 0.171 of an acre, or 692m². The below map shows the location of 2 NICHOLAS DRIVE, 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 2 NICHOLAS DRIVE). 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 2 NICHOLAS DRIVE?

2 NICHOLAS DRIVE is located in REYDON, in the IP18 postcode district. The below map shows the position of No. 2 on NICHOLAS DRIVE.