THE OLD EXCHANGE, FIELD LANE, KESSINGLAND, LOWESTOFT, NR33 7QB - £115,000

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 OLD EXCHANGE is a very small extended detached house of 47m², built sometime between 1996 and 2002, which could now be worth an estimated £193,251. It was last sold for £115,000 in March 2012, which was around 54% below the average March 2012 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

THE OLD EXCHANGE Sold Prices

Land registry data shows two sales for THE OLD EXCHANGE 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 THE OLD EXCHANGE 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
2012 23 MAR	£115,000	£251,746	54% below HPI
2004 5 MAR	£99,950	£204,715	51% below HPI

THE OLD EXCHANGE 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 THE OLD EXCHANGE sales from March 2004 and March 2012 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 March 2004 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2012 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might THE OLD EXCHANGE be worth now?

THE OLD EXCHANGE might now be worth an estimated £193,251.

This is based on house price inflation of 68%, between March 2012 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 68% inflationary increase is applied to the most recent sale price for THE OLD EXCHANGE of £115,000 on 23rd March 2012. For the value to have increased from £115,000 to £193,251 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of THE OLD EXCHANGE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2012 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD EXCHANGE has not materially changed since March 2012.

How Large is THE OLD EXCHANGE?

THE OLD EXCHANGE is 47m², which includes two extensions, according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of detached houses houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kessingland, and where THE OLD EXCHANGE lies on this distribution: Less than 1% of detached houses houses are smaller than THE OLD EXCHANGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

THE OLD EXCHANGE: Plot and Title Map

THE OLD EXCHANGE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of THE OLD EXCHANGE, 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 OLD EXCHANGE). 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 OLD EXCHANGE?

THE OLD EXCHANGE is located on FIELD LANE in KESSINGLAND, in the NR33 postcode district. The below map shows the position of THE OLD EXCHANGE on FIELD LANE.