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 HOTSON ROAD is a midsized extended detached house of 114m², built sometime between 1930 and 1949. It was last sold for £685,000 in October 2023, which was around 58% above the average October 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2023, where the current energy rating was B, and the potential energy rating was B.
Land registry data shows four sales for 7 HOTSON ROAD since 1st 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. All of the four 7 HOTSON ROAD 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 |
---|---|---|---|
2023 27 OCT | £685,000 | £434,532 | 58% above HPI |
2014 5 SEP | £404,000 | £282,904 | 43% above HPI |
2004 26 MAY | £255,000 | £211,686 | 20% above HPI |
1996 29 MAR | £95,000 | £72,548 | 31% above HPI |
The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The four 7 HOTSON ROAD sales between March 1996 and October 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 September 2014 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the October 2023 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.
7 HOTSON ROAD is 114m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the smallest 50% of detached houses in Southwold, based on EPC data. The below chart shows the distribution of detached houses by size in Southwold, and where 7 HOTSON ROAD lies on this distribution: 47% of detached houses are smaller than 7 HOTSON ROAD, and 53% of houses are larger. Note that EPC data is not available for all properties in Southwold.
7 HOTSON ROAD sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 7 HOTSON 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 7 HOTSON 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.
7 HOTSON ROAD is located in SOUTHWOLD, in the IP18 postcode district. The below map shows the position of No. 7 on HOTSON ROAD.