RED HOUSE, THE DRIFT, BOTESDALE, DISS, IP22 1DH - £530,000

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

RED HOUSE is a midsized extended detached house of 132m², built sometime before 1900. It was last sold for £530,000 in May 2024, which was around 24% above the average May 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

RED HOUSE Sold Prices

Land registry data shows two sales for RED 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 Mid Suffolk local authority area for the corresponding sale date. Both of the two RED HOUSE sales were 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
2024 24 MAY	£530,000	£425,705	24% above HPI
2017 5 OCT	£427,500	£372,013	15% above HPI

RED HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two RED HOUSE sales from October 2017 and May 2024 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 2017 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2024 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is RED HOUSE?

RED HOUSE is 132m², which includes three extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 50% of detached houses in Botesdale, based on EPC data. The below chart shows the distribution of detached houses by size in Botesdale, and where RED HOUSE lies on this distribution: 57% of detached houses are smaller than RED HOUSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Botesdale.

RED HOUSE: Plot and Title Map

RED HOUSE sits on a plot of roughly 0.135 of an acre, or 544m². The below map shows the location of RED 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 RED 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 RED HOUSE?

RED HOUSE is located on THE DRIFT in BOTESDALE, in the IP22 postcode district. The below map shows the position of RED HOUSE on THE DRIFT.