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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE OLD EXCHANGE is a very small extended detached house of 47m², built sometime between 1996 and 2002. 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	£251,707	54% below HPI
2004 5 MAR	£99,950	£204,684	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.

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 in Kessingland, based on EPC data. The below chart shows the distribution of detached houses by size in Kessingland, and where THE OLD EXCHANGE lies on this distribution: Less than 1% of detached 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.