6, OLD LANE, CORTON, LOWESTOFT, NR32 5HE - £395,000

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

6 OLD LANE is a very large extended detached house of 161m², built sometime between 1950 and 1966. It was last sold for £395,000 in June 2015, which was around 33% above the average June 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

6 OLD LANE Sold Prices

Land registry data shows four sales for 6 OLD 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. Most of the four 6 OLD 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 16 JUN	£395,000	£296,524	33% above HPI
2013 4 APR	£375,000	£248,438	51% above HPI
2007 19 OCT	£349,950	£269,163	30% above HPI
2003 30 JUN	£165,000	£185,377	11% below HPI

6 OLD 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 6 OLD LANE sales between June 2003 and June 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 April 2013 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the June 2015 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 6 OLD LANE?

6 OLD LANE is 161m², which includes three extensions, according to the EPC inspection conducted in March 2012. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 6 OLD LANE lies on this distribution: 91% of detached houses are smaller than 6 OLD LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

6 OLD LANE: Plot and Title Map

6 OLD LANE sits on a plot of roughly 0.224 of an acre, or 905m². The below map shows the location of 6 OLD 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 6 OLD 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 6 OLD LANE?

6 OLD LANE is located in CORTON, in the NR32 postcode district. The below map shows the position of No. 6 on OLD LANE.