HOMESIDE, GREEN LANE, KESSINGLAND, LOWESTOFT, NR33 7RP - £285,000

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

HOMESIDE is a small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £285,000 in April 2023, which was around 33% below the average April 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was E, and the potential energy rating was C.

HOMESIDE Sold Prices

Land registry data shows four sales for HOMESIDE 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. All of the four HOMESIDE 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
2023 13 APR	£285,000	£423,046	33% below HPI
2020 22 APR	£250,000	£347,861	28% below HPI
2014 6 AUG	£200,000	£276,803	28% below HPI
2004 24 SEP	£190,000	£222,189	14% below HPI

HOMESIDE 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 HOMESIDE sales between September 2004 and April 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 April 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is HOMESIDE?

HOMESIDE is 80m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses by size in Kessingland, and where HOMESIDE lies on this distribution: 35% of detached houses are smaller than HOMESIDE, and 65% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

HOMESIDE: Plot and Title Map

HOMESIDE sits on a plot of roughly 0.210 of an acre, or 850m². The below map shows the location of HOMESIDE, 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 HOMESIDE). 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 HOMESIDE?

HOMESIDE is located on GREEN LANE in KESSINGLAND, in the NR33 postcode district. The below map shows the position of HOMESIDE on GREEN LANE.