LAUREL COTTAGE, MARKET LANE, BLUNDESTON, LOWESTOFT, NR32 5AN - £375,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LAUREL COTTAGE is a midsized extended detached house of 115m², built sometime before 1900, which could now be worth an estimated £416,840. It was last sold for £375,000 in June 2021, which was around 1% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was A.

LAUREL COTTAGE Sold Prices

Land registry data shows two sales for LAUREL COTTAGE 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 LAUREL COTTAGE sales was for below the average price, whilst the other was 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
2021 29 JUN	£375,000	£380,583	1% below HPI
1995 30 MAY	£97,000	£75,662	28% above HPI

LAUREL COTTAGE 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 LAUREL COTTAGE sales from May 1995 and June 2021 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 May 1995 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the June 2021 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might LAUREL COTTAGE be worth now?

LAUREL COTTAGE might now be worth an estimated £416,840.

This is based on house price inflation of 11.2%, between June 2021 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.2% inflationary increase is applied to the most recent sale price for LAUREL COTTAGE of £375,000 on 29th June 2021. For the value to have increased from £375,000 to £416,840 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of LAUREL COTTAGE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of LAUREL COTTAGE has not materially changed since June 2021.

How Large is LAUREL COTTAGE?

LAUREL COTTAGE is 115m², which includes two extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 50% of detached houses houses in Blundeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blundeston, and where LAUREL COTTAGE lies on this distribution: 42% of detached houses houses are smaller than LAUREL COTTAGE, and 57% of houses are larger. Note that EPC data is not available for all properties in Blundeston.

LAUREL COTTAGE: Plot and Title Map

LAUREL COTTAGE sits on a plot of roughly 0.233 of an acre, or 943m². The below map shows the location of LAUREL COTTAGE, 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 LAUREL COTTAGE). 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 LAUREL COTTAGE?

LAUREL COTTAGE is located on MARKET LANE in BLUNDESTON, in the NR32 postcode district. The below map shows the position of LAUREL COTTAGE on MARKET LANE.