REDE COTTAGE, HALL ROAD, LOWESTOFT, NR32 3AW - £151,995

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

REDE COTTAGE is a very small detached house of 55m², built sometime between 1976 and 1982. It was last sold for £151,995 in October 2014, which was around 47% below the average October 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

REDE COTTAGE Sold Prices

Land registry data shows two sales for REDE 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. Both of the two REDE COTTAGE 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 3 OCT	£151,995	£288,072	47% below HPI
2013 31 MAY	£115,000	£251,653	54% below HPI

REDE 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 REDE COTTAGE sales from May 2013 and October 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 May 2013 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the October 2014 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is REDE COTTAGE?

REDE COTTAGE is 55m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where REDE COTTAGE lies on this distribution: 2% of detached houses are smaller than REDE COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

REDE COTTAGE: Plot and Title Map

REDE COTTAGE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of REDE 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 REDE 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 REDE COTTAGE?

REDE COTTAGE is located on HALL ROAD in LOWESTOFT, in the NR32 postcode district. The below map shows the position of REDE COTTAGE on HALL ROAD.