7, GRANGE LANE, KESGRAVE, IPSWICH, IP5 2QD - £230,000

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

7 GRANGE LANE is a small extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £230,000 in November 2010, which was around 10% below the average November 2010 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

7 GRANGE LANE Sold Prices

Land registry data shows three sales for 7 GRANGE 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 7 GRANGE LANE 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
2010 22 NOV	£230,000	£255,462	10% below HPI
2001 26 SEP	£110,000	£139,852	21% below HPI
1998 20 NOV	£78,000	£91,707	15% below HPI

7 GRANGE 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 7 GRANGE LANE sales between November 1998 and November 2010 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 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2010 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 7 GRANGE LANE?

7 GRANGE LANE is 97m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the smallest 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 7 GRANGE LANE lies on this distribution: 32% of detached houses are smaller than 7 GRANGE LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

7 GRANGE LANE: Plot and Title Map

7 GRANGE LANE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of 7 GRANGE 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 7 GRANGE 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 7 GRANGE LANE?

7 GRANGE LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 7 on GRANGE LANE.