CEDARS, BLUNDESTON ROAD, CORTON, LOWESTOFT, NR32 5DD - £495,000

CEDARS is a very large extended detached house of 149m², built sometime between 1950 and 1966. It was last sold for £495,000 in March 2020, which was around 42% above the average March 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

CEDARS Sold Prices

Land registry data shows three sales for CEDARS 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 CEDARS sales were for above the average price, whilst one was 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 2 MAR	£495,000	£347,467	42% above HPI
2017 13 FEB	£480,000	£329,544	46% above HPI
2014 10 JAN	£242,000	£262,038	8% below HPI

CEDARS 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 CEDARS sales between January 2014 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 February 2017 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the March 2020 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is CEDARS?

CEDARS is 149m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where CEDARS lies on this distribution: 87% of detached houses are smaller than CEDARS, and 13% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

CEDARS: Plot and Title Map

CEDARS sits on a plot of roughly 0.301 of an acre, or 1,218m². The below map shows the location of CEDARS, 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 CEDARS). 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 CEDARS?

CEDARS is located on BLUNDESTON ROAD in CORTON, in the NR32 postcode district. The below map shows the position of CEDARS on BLUNDESTON ROAD.