3, THE LANE, WRENTHAM, BECCLES, NR34 7HF - £463,000

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

3 THE LANE is a very small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £463,000 in July 2021, which was around 24% above the average July 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was B.

3 THE LANE Sold Prices

Land registry data shows four sales for 3 THE LANE 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 3 THE 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
2021 21 JUL	£463,000	£372,923	24% above HPI
2018 4 MAY	£220,000	£342,867	36% below HPI
2002 20 SEP	£145,000	£167,041	13% below HPI
2000 27 SEP	£84,995	£119,747	29% below HPI

3 THE 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 four 3 THE LANE sales between September 2000 and July 2021 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 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 THE LANE?

3 THE LANE is 75m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses in Wrentham, based on EPC data. The below chart shows the distribution of detached houses by size in Wrentham, and where 3 THE LANE lies on this distribution: 17% of detached houses are smaller than 3 THE LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Wrentham.

3 THE LANE: Plot and Title Map

3 THE LANE sits on a plot of roughly 0.198 of an acre, or 801m². The below map shows the location of 3 THE 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 THE 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 THE LANE?

3 THE LANE is located in WRENTHAM, in the NR34 postcode district. The below map shows the position of No. 3 on THE LANE.