CORNFIELDS, MARKET LANE, BLUNDESTON, LOWESTOFT, NR32 5AN - £387,000

CORNFIELDS is a small extended detached house of 100m², built sometime between 1996 and 2002. It was last sold for £387,000 in September 2021, which was around 2% below the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

CORNFIELDS Sold Prices

Land registry data shows four sales for CORNFIELDS 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 CORNFIELDS 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
2021 30 SEP	£387,000	£393,365	2% below HPI
2004 24 MAY	£179,995	£211,686	15% below HPI
1998 7 AUG	£73,500	£88,631	17% below HPI
1997 22 AUG	£21,000	£83,677	75% below HPI

CORNFIELDS 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 CORNFIELDS sales between August 1997 and September 2021 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 May 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is CORNFIELDS?

CORNFIELDS is 100m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% of detached houses in Blundeston, based on EPC data. The below chart shows the distribution of detached houses by size in Blundeston, and where CORNFIELDS lies on this distribution: 27% of detached houses are smaller than CORNFIELDS, and 73% of houses are larger. Note that EPC data is not available for all properties in Blundeston.

CORNFIELDS: Plot and Title Map

CORNFIELDS sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of CORNFIELDS, 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 CORNFIELDS). 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 CORNFIELDS?

CORNFIELDS is located on MARKET LANE in BLUNDESTON, in the NR32 postcode district. The below map shows the position of CORNFIELDS on MARKET LANE.