40, WRIGHT LANE, KESGRAVE, IPSWICH, IP5 2FA - £365,000

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

40 WRIGHT LANE is a midsized extended detached house of 122m², built sometime between 1996 and 2002. It was last sold for £365,000 in August 2017, which was around 8% above the average August 2017 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.

40 WRIGHT LANE Sold Prices

Land registry data shows four sales for 40 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 40 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
2017 11 AUG	£365,000	£338,592	8% above HPI
2006 21 APR	£232,500	£220,185	6% above HPI
2002 23 AUG	£192,500	£162,008	19% above HPI
1997 23 DEC	£109,950	£84,679	30% above HPI

40 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 40 WRIGHT LANE sales between December 1997 and August 2017 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 April 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2017 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 40 WRIGHT LANE?

40 WRIGHT LANE is 122m², which includes two extensions, according to the EPC inspection conducted in June 2016. 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 40 WRIGHT LANE lies on this distribution: 59% of detached houses are smaller than 40 WRIGHT LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

40 WRIGHT LANE: Plot and Title Map

40 WRIGHT LANE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 40 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 40 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 40 WRIGHT LANE?

40 WRIGHT LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 40 on WRIGHT LANE.