48A, STATION ROAD, CORTON, LOWESTOFT, NR32 5HQ - £405,000

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

48A STATION ROAD is a large extended detached house of 117m², built sometime between 1900 and 1929. It was last sold for £405,000 in February 2023, which was around 8% below the average February 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

48A STATION ROAD Sold Prices

Land registry data shows six sales for 48A STATION ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the six 48A STATION ROAD 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
2023 10 FEB	£405,000	£438,978	8% below HPI
2018 20 FEB	£280,000	£344,603	19% below HPI
2016 16 SEP	£264,000	£322,227	18% below HPI
2013 24 MAY	£187,500	£251,653	25% below HPI
2002 29 NOV	£133,000	£176,508	25% below HPI
2001 20 APR	£92,500	£128,622	28% below HPI

48A STATION ROAD 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 six 48A STATION ROAD sales between April 2001 and February 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 February 2018 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 48A STATION ROAD?

48A STATION ROAD is 117m², which includes three extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 30% of detached houses in Corton, based on EPC data. The below chart shows the distribution of detached houses by size in Corton, and where 48A STATION ROAD lies on this distribution: 71% of detached houses are smaller than 48A STATION ROAD, and 27% of houses are larger. Note that EPC data is not available for all properties in Corton.

48A STATION ROAD: Plot and Title Map

48A STATION ROAD sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 48A STATION ROAD, 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 48A STATION ROAD). 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 48A STATION ROAD?

48A STATION ROAD is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 48A on STATION ROAD.