3, FLETCHERS LANE, KESGRAVE, IPSWICH, IP5 2XY - £400,000

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

3 FLETCHERS LANE is a large extended detached house of 124m², built sometime between 1983 and 1990. It was last sold for £400,000 in October 2023, which was around 8% below the average October 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

3 FLETCHERS LANE Sold Prices

Land registry data shows two sales for 3 FLETCHERS 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. One of the two 3 FLETCHERS LANE sales was for below the average price, whilst the other was roughly equal to 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
2023 24 OCT	£400,000	£434,532	8% below HPI
2002 5 JUL	£159,000	£158,620	Close to HPI

3 FLETCHERS 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 FLETCHERS LANE sales from July 2002 and October 2023 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 July 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 3 FLETCHERS LANE?

3 FLETCHERS LANE is 124m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 3 FLETCHERS LANE lies on this distribution: 62% of detached houses are smaller than 3 FLETCHERS LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

3 FLETCHERS LANE: Plot and Title Map

3 FLETCHERS LANE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 3 FLETCHERS 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 FLETCHERS 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 FLETCHERS LANE?

3 FLETCHERS LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 3 on FLETCHERS LANE.