38, WRIGHT LANE, KESGRAVE, IPSWICH, IP5 2FA - £355,000

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

38 WRIGHT LANE is a very large extended detached house of 154m², built sometime between 1996 and 2002. It was last sold for £355,000 in April 2015, which was around 24% above the average April 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

38 WRIGHT LANE Sold Prices

Land registry data shows four sales for 38 WRIGHT 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. All of the four 38 WRIGHT LANE sales were for above 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 27 APR	£355,000	£286,842	24% above HPI
2004 29 JUN	£265,000	£214,961	23% above HPI
2001 1 MAY	£194,000	£129,339	50% above HPI
1997 30 DEC	£142,950	£84,679	69% above HPI

38 WRIGHT 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 38 WRIGHT LANE sales between December 1997 and April 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 June 2004 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the April 2015 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 38 WRIGHT LANE?

38 WRIGHT LANE is 154m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 20% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 38 WRIGHT LANE lies on this distribution: 83% of detached houses are smaller than 38 WRIGHT LANE, and 16% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

38 WRIGHT LANE: Plot and Title Map

38 WRIGHT LANE sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of 38 WRIGHT 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 38 WRIGHT 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 38 WRIGHT LANE?

38 WRIGHT LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 38 on WRIGHT LANE.