24, THE DRIVE, REYDON, SOUTHWOLD, IP18 6PP - £230,000

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.

24 THE DRIVE is a very small detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £275,875. It was last sold for £230,000 in March 2020, which was around 34% below the average March 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

24 THE DRIVE Sold Prices

Land registry data shows four sales for 24 THE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 24 THE DRIVE 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 17 MAR	£230,000	£347,521	34% below HPI
2017 10 MAR	£200,000	£328,577	39% below HPI
2003 30 MAY	£163,000	£184,177	11% below HPI
2001 25 JUL	£82,500	£130,946	37% below HPI

24 THE DRIVE 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 four 24 THE DRIVE sales between July 2001 and March 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 March 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 24 THE DRIVE be worth now?

24 THE DRIVE might now be worth an estimated £275,875.

This is based on house price inflation of 19.9%, between March 2020 and June 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 19.9% inflationary increase is applied to the most recent sale price for 24 THE DRIVE of £230,000 on 17th March 2020. For the value to have increased from £230,000 to £275,875 over the four years and nine months to June 2025, the following assumptions must hold true:

• The value of 24 THE DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2020 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE DRIVE has not materially changed since March 2020.

How Large is 24 THE DRIVE?

24 THE DRIVE is 55m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses houses in Reydon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Reydon, and where 24 THE DRIVE lies on this distribution: 2% of detached houses houses are smaller than 24 THE DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Reydon.

24 THE DRIVE: Plot and Title Map

24 THE DRIVE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 24 THE DRIVE, 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 24 THE DRIVE). 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 24 THE DRIVE?

24 THE DRIVE is located in REYDON, in the IP18 postcode district. The below map shows the position of No. 24 on THE DRIVE.