8, GRANGE LANE, KESGRAVE, IPSWICH, IP5 2QD - £370,000

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

8 GRANGE LANE is a midsized extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £370,000 in July 2016, which was around 19% above the average July 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

8 GRANGE LANE Sold Prices

Land registry data shows two sales for 8 GRANGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two 8 GRANGE LANE sales was for above the average price, whilst the other was 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
2016 21 JUL	£370,000	£311,086	19% above HPI
2015 13 APR	£230,000	£286,842	20% below HPI

8 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 two 8 GRANGE LANE sales from April 2015 and July 2016 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 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2016 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 8 GRANGE LANE?

8 GRANGE LANE is 117m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the largest 50% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 8 GRANGE LANE lies on this distribution: 54% of detached houses are smaller than 8 GRANGE LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

8 GRANGE LANE: Plot and Title Map

8 GRANGE LANE sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of 8 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 8 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 8 GRANGE LANE?

8 GRANGE LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 8 on GRANGE LANE.