NEWLAN, PRINCESS ROAD, REYDON, SOUTHWOLD, IP18 6QW - £183,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NEWLAN is a small detached house of 96m², built sometime between 1950 and 1966. It was last sold for £183,500 in September 2014, which was around 35% below the average September 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

NEWLAN Sold Prices

Land registry data shows two sales for NEWLAN 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 NEWLAN 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
2014 5 SEP	£183,500	£282,904	35% below HPI
1997 17 OCT	£49,000	£84,012	42% below HPI

NEWLAN 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 NEWLAN sales from October 1997 and September 2014 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 October 1997 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2014 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is NEWLAN?

NEWLAN is 96m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of detached houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses by size in Reydon, and where NEWLAN lies on this distribution: 38% of detached houses are smaller than NEWLAN, and 60% of houses are larger. Note that EPC data is not available for all properties in Reydon.

NEWLAN: Plot and Title Map

NEWLAN sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of NEWLAN, 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 NEWLAN). 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 NEWLAN?

NEWLAN is located on PRINCESS ROAD in REYDON, in the IP18 postcode district. The below map shows the position of NEWLAN on PRINCESS ROAD.