48, WRIGHT LANE, KESGRAVE, IPSWICH, IP5 2FA - £475,000

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

48 WRIGHT LANE is a large detached house of 148m², built sometime between 1983 and 1990. It was last sold for £475,000 in September 2016, which was around 47% above the average September 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was D.

48 WRIGHT LANE Sold Prices

Land registry data shows three sales for 48 WRIGHT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 48 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
2016 14 SEP	£475,000	£322,227	47% above HPI
2000 22 SEP	£237,500	£119,747	98% above HPI
1998 22 MAY	£169,995	£85,580	99% above HPI

48 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 three 48 WRIGHT LANE sales between May 1998 and September 2016 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 2000 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the September 2016 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 48 WRIGHT LANE?

48 WRIGHT LANE is 148m² according to the EPC inspection conducted in September 2016. This puts it in the largest 30% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 48 WRIGHT LANE lies on this distribution: 79% of detached houses are smaller than 48 WRIGHT LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

48 WRIGHT LANE: Plot and Title Map

48 WRIGHT LANE sits on a plot of roughly 0.250 of an acre, or 1,011m². The below map shows the location of 48 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 48 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 48 WRIGHT LANE?

48 WRIGHT LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 48 on WRIGHT LANE.