THE OLD NET STORE, CHURCH ROAD, KESSINGLAND, LOWESTOFT, NR33 7SJ - £250,000

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

THE OLD NET STORE is a very large extended detached house of 238m², built sometime between 1930 and 1949. It was last sold for £250,000 in May 2015, which was around 14% below the average May 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2014, where the current energy rating was F, and the potential energy rating was E.

THE OLD NET STORE Sold Prices

Land registry data shows three sales for THE OLD NET STORE 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. Two of the three THE OLD NET STORE sales were for below the average price, whilst one was 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
2015 26 MAY	£250,000	£291,615	14% below HPI
2004 19 NOV	£250,000	£220,375	13% above HPI
1999 29 OCT	£57,000	£100,918	44% below HPI

THE OLD NET STORE 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 OLD NET STORE sales between October 1999 and May 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 November 2004 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is THE OLD NET STORE?

THE OLD NET STORE is 238m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the largest 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 NET STORE lies on this distribution: 95% of detached houses are smaller than THE OLD NET STORE, and 5% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

THE OLD NET STORE: Plot and Title Map

THE OLD NET STORE sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of THE OLD NET STORE, 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 NET STORE). 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 NET STORE?

THE OLD NET STORE is located on CHURCH ROAD in KESSINGLAND, in the NR33 postcode district. The below map shows the position of THE OLD NET STORE on CHURCH ROAD.