12, HERITAGE CLOSE, KESSINGLAND, LOWESTOFT, NR33 7UJ - £272,000

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.

12 HERITAGE CLOSE is a midsized detached house of 108m², built sometime between 2007 and 2011, which could now be worth an estimated £297,368. It was last sold for £272,000 in October 2020, which was around 27% below the average October 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

12 HERITAGE CLOSE Sold Prices

Land registry data shows two sales for 12 HERITAGE CLOSE 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 12 HERITAGE CLOSE 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
2020 30 OCT	£272,000	£373,189	27% below HPI
2010 15 JUN	£210,000	£251,404	16% below HPI

12 HERITAGE CLOSE 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 12 HERITAGE CLOSE sales from June 2010 and October 2020 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 June 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 12 HERITAGE CLOSE be worth now?

12 HERITAGE CLOSE might now be worth an estimated £297,368.

This is based on house price inflation of 9.3%, between October 2020 and May 2026, 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 9.3% inflationary increase is applied to the most recent sale price for 12 HERITAGE CLOSE of £272,000 on 30th October 2020. For the value to have increased from £272,000 to £297,368 over the six years and five months to May 2026, the following assumptions must hold true:

• The value of 12 HERITAGE CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2020 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 12 HERITAGE CLOSE has not materially changed since October 2020.

How Large is 12 HERITAGE CLOSE?

12 HERITAGE CLOSE is 108m² according to the EPC inspection conducted in March 2020. This puts it in the largest 50% 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 12 HERITAGE CLOSE lies on this distribution: 58% of detached houses houses are smaller than 12 HERITAGE CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

12 HERITAGE CLOSE: Plot and Title Map

12 HERITAGE CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 12 HERITAGE CLOSE, 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 12 HERITAGE CLOSE). 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 12 HERITAGE CLOSE?

12 HERITAGE CLOSE is located in KESSINGLAND, in the NR33 postcode district. The below map shows the position of No. 12 on HERITAGE CLOSE.