59, THE DRIVE, REYDON, SOUTHWOLD, IP18 6PN - £477,000

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

59 THE DRIVE is a very small detached house of 55m², built sometime between 1991 and 1995. It was last sold for £477,000 in August 2024, which was around 12% above the average August 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

59 THE DRIVE Sold Prices

Land registry data shows three sales for 59 THE DRIVE 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. One of the three 59 THE DRIVE sales was for above the average price, whilst two 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
2024 8 AUG	£477,000	£424,493	12% above HPI
2021 9 DEC	£315,000	£404,862	22% below HPI
2014 24 JAN	£190,000	£262,038	27% below HPI

59 THE DRIVE 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 59 THE DRIVE sales between January 2014 and August 2024 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 December 2021 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2024 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 59 THE DRIVE?

59 THE DRIVE is 55m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses by size in Reydon, and where 59 THE DRIVE lies on this distribution: 2% of detached houses are smaller than 59 THE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Reydon.

59 THE DRIVE: Plot and Title Map

59 THE DRIVE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 59 THE DRIVE, 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 59 THE DRIVE). 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 59 THE DRIVE?

59 THE DRIVE is located in REYDON, in the IP18 postcode district. The below map shows the position of No. 59 on THE DRIVE.