3, FIELD LANE, KESSINGLAND, LOWESTOFT, NR33 7QB - £262,500

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

3 FIELD LANE is a large extended detached house of 115m², built sometime before 1900, which could now be worth an estimated £366,760. It was last sold for £262,500 in December 2015, which was around 13% below the average December 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

3 FIELD LANE Sold Prices

Land registry data shows two sales for 3 FIELD 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 3 FIELD 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
2015 7 DEC	£262,500	£302,785	13% below HPI
1997 30 SEP	£47,000	£84,190	44% below HPI

3 FIELD 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 3 FIELD LANE sales from September 1997 and December 2015 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 1997 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2015 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 3 FIELD LANE be worth now?

3 FIELD LANE might now be worth an estimated £366,760.

This is based on house price inflation of 39.7%, between December 2015 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 39.7% inflationary increase is applied to the most recent sale price for 3 FIELD LANE of £262,500 on 7th December 2015. For the value to have increased from £262,500 to £366,760 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 FIELD LANE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The December 2015 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 3 FIELD LANE has not materially changed since December 2015.

How Large is 3 FIELD LANE?

3 FIELD LANE is 115m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kessingland, and where 3 FIELD LANE lies on this distribution: 64% of detached houses houses are smaller than 3 FIELD LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

3 FIELD LANE: Plot and Title Map

3 FIELD LANE sits on a plot of roughly 0.205 of an acre, or 831m². The below map shows the location of 3 FIELD 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 3 FIELD 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 3 FIELD LANE?

3 FIELD LANE is located in KESSINGLAND, in the NR33 postcode district. The below map shows the position of No. 3 on FIELD LANE.