16, WRIGHT LANE, KESGRAVE, IPSWICH, IP5 2FA - £410,000

16 WRIGHT LANE is a small detached house of 96m², built sometime between 1991 and 1995. It was last sold for £410,000 in November 2022, which was around 8% below the average November 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

16 WRIGHT LANE Sold Prices

Land registry data shows five sales for 16 WRIGHT LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the five 16 WRIGHT LANE 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
2022 10 NOV	£410,000	£443,789	8% below HPI
2019 25 NOV	£320,000	£352,095	9% below HPI
2006 28 APR	£206,000	£220,185	6% below HPI
2004 8 APR	£199,500	£207,942	4% below HPI
2004 1 MAR	£199,000	£204,684	3% below HPI

16 WRIGHT LANE 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 five 16 WRIGHT LANE sales between March 2004 and November 2022 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 2019 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 16 WRIGHT LANE?

16 WRIGHT LANE is 96m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses in Kesgrave, based on EPC data. The below chart shows the distribution of detached houses by size in Kesgrave, and where 16 WRIGHT LANE lies on this distribution: 30% of detached houses are smaller than 16 WRIGHT LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Kesgrave.

16 WRIGHT LANE: Plot and Title Map

16 WRIGHT LANE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 16 WRIGHT LANE, 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 16 WRIGHT LANE). 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 16 WRIGHT LANE?

16 WRIGHT LANE is located in KESGRAVE, in the IP5 postcode district. The below map shows the position of No. 16 on WRIGHT LANE.