NEW HOUSE, BETHEL DRIVE, KESSINGLAND, LOWESTOFT, NR33 7RY - £365,000

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

NEW HOUSE is a midsized extended detached house of 106m², built sometime between 1983 and 1990. It was last sold for £365,000 in March 2022, which was around 11% below the average March 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

NEW HOUSE Sold Prices

Land registry data shows two sales for NEW HOUSE 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. Both of the two NEW HOUSE 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
2022 31 MAR	£365,000	£411,636	11% below HPI
1995 7 JUL	£70,350	£75,211	6% below HPI

NEW HOUSE 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 NEW HOUSE sales from July 1995 and March 2022 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 July 1995 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2022 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is NEW HOUSE?

NEW HOUSE is 106m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 50% of detached houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses by size in Kessingland, and where NEW HOUSE lies on this distribution: 58% of detached houses are smaller than NEW HOUSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located on BETHEL DRIVE in KESSINGLAND, in the NR33 postcode district. The below map shows the position of NEW HOUSE on BETHEL DRIVE.