SEMARANG, GREEN LANE, KESSINGLAND, LOWESTOFT, NR33 7RP - £215,000

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

SEMARANG is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £215,000 in September 2015, which was around 29% below the average September 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

SEMARANG Sold Prices

Land registry data shows two sales for SEMARANG 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 SEMARANG 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
2015 21 SEP	£215,000	£301,956	29% below HPI
2014 14 FEB	£154,000	£262,812	41% below HPI

SEMARANG 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 SEMARANG sales from February 2014 and September 2015 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 February 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the September 2015 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is SEMARANG?

SEMARANG is 70m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses by size in Kessingland, and where SEMARANG lies on this distribution: 18% of detached houses are smaller than SEMARANG, and 82% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

SEMARANG: Plot and Title Map

SEMARANG sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of SEMARANG, 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 SEMARANG). 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 SEMARANG?

SEMARANG is located on GREEN LANE in KESSINGLAND, in the NR33 postcode district. The below map shows the position of SEMARANG on GREEN LANE.