THE BEECHES, LOUND ROAD, BLUNDESTON, LOWESTOFT, NR32 5AT - £435,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE BEECHES is a small detached house of 104m², built sometime between 1991 and 1995, which could now be worth an estimated £492,773. It was last sold for £435,000 in February 2021, which was around 16% above the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

THE BEECHES Sold Prices

Land registry data shows three sales for THE BEECHES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three THE BEECHES 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
2021 19 FEB	£435,000	£373,448	16% above HPI
2018 24 AUG	£376,000	£357,913	5% above HPI
2007 6 JUL	£305,000	£250,828	22% above HPI

THE BEECHES 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 three THE BEECHES sales between July 2007 and February 2021 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 August 2018 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2021 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might THE BEECHES be worth now?

THE BEECHES might now be worth an estimated £492,773.

This is based on house price inflation of 13.3%, between February 2021 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for THE BEECHES of £435,000 on 19th February 2021. For the value to have increased from £435,000 to £492,773 over the four years to February 2025, the following assumptions must hold true:

• The value of THE BEECHES has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2021 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of THE BEECHES has not materially changed since February 2021.

How Large is THE BEECHES?

THE BEECHES is 104m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses houses in Blundeston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blundeston, and where THE BEECHES lies on this distribution: 33% of detached houses houses are smaller than THE BEECHES, and 67% of houses are larger. Note that EPC data is not available for all properties in Blundeston.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 0.300 of an acre, or 1,214m². The below map shows the location of THE BEECHES, 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 THE BEECHES). 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 THE BEECHES?

THE BEECHES is located on LOUND ROAD in BLUNDESTON, in the NR32 postcode district. The below map shows the position of THE BEECHES on LOUND ROAD.