2, THE GABLES, LEISTON, IP16 4UZ - £180,000

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

2 THE GABLES is a very small extended detached house of 80m², built sometime between 2003 and 2006. It was last sold for £180,000 in September 2011, which was around 28% below the average September 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

2 THE GABLES Sold Prices

Land registry data shows three sales for 2 THE GABLES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 2 THE GABLES 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
2011 14 SEP	£180,000	£250,801	28% below HPI
2007 6 FEB	£195,000	£243,229	20% below HPI
2004 3 SEP	£175,000	£222,189	21% below HPI

2 THE GABLES 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 three 2 THE GABLES sales between September 2004 and September 2011 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 February 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2011 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 THE GABLES?

2 THE GABLES is 80m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% of detached houses in Leiston, based on EPC data. The below chart shows the distribution of detached houses by size in Leiston, and where 2 THE GABLES lies on this distribution: 11% of detached houses are smaller than 2 THE GABLES, and 89% of houses are larger. Note that EPC data is not available for all properties in Leiston.

2 THE GABLES: Plot and Title Map

2 THE GABLES sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 2 THE GABLES, 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 THE GABLES). 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 THE GABLES?

2 THE GABLES is located in LEISTON, in the IP16 postcode district. The below map shows the position of No. 2 on THE GABLES.