2A, OLD LANE, CORTON, LOWESTOFT, NR32 5HE - £264,500

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.

2A OLD LANE is a midsized extended detached house of 100m², built sometime between 1991 and 1995, which could now be worth an estimated £325,668. It was last sold for £264,500 in January 2018, which was around 23% below the average January 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

2A OLD LANE Sold Prices

Land registry data shows three sales for 2A OLD LANE 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 2A OLD 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
2018 30 JAN	£264,500	£343,588	23% below HPI
2006 3 SEP	£215,000	£237,073	9% below HPI
1999 11 JAN	£40,000	£90,599	56% below HPI

2A OLD 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 three 2A OLD LANE sales between January 1999 and January 2018 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 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2A OLD LANE be worth now?

2A OLD LANE might now be worth an estimated £325,668.

This is based on house price inflation of 23.1%, between January 2018 and February 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 23.1% inflationary increase is applied to the most recent sale price for 2A OLD LANE of £264,500 on 30th January 2018. For the value to have increased from £264,500 to £325,668 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2A OLD LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The January 2018 sale price of £264,500 represented a fair market value for the property.
• The size, condition, and specification of 2A OLD LANE has not materially changed since January 2018.

How Large is 2A OLD LANE?

2A OLD LANE is 100m², which includes two extensions, according to the EPC inspection conducted in June 2016. This puts it in the largest 50% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 2A OLD LANE lies on this distribution: 53% of detached houses houses are smaller than 2A OLD LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2A OLD LANE: Plot and Title Map

2A OLD LANE sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 2A OLD 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 2A OLD 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 2A OLD LANE?

2A OLD LANE is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 2A on OLD LANE.