THE RETREAT, THE CLOSE, CORTON, LOWESTOFT, NR32 5JA - £415,000

THE RETREAT is a very large extended detached house of 204m², built sometime before 1900. It was last sold for £415,000 in June 2020, which was around 18% above the average June 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

THE RETREAT Sold Prices

Land registry data shows three sales for THE RETREAT 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. All of the three THE RETREAT sales were for above 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 19 JUN	£415,000	£352,260	18% above HPI
2016 19 JUL	£379,000	£311,086	22% above HPI
2014 16 APR	£299,995	£264,724	13% above HPI

THE RETREAT 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 THE RETREAT sales between April 2014 and June 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 July 2016 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is THE RETREAT?

THE RETREAT is 204m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 10% of detached houses in Corton, based on EPC data. The below chart shows the distribution of detached houses by size in Corton, and where THE RETREAT lies on this distribution: 96% of detached houses are smaller than THE RETREAT, and 4% of houses are larger. Note that EPC data is not available for all properties in Corton.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.625 of an acre, or 2,530m². The below map shows the location of THE RETREAT, 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 THE RETREAT). 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 THE RETREAT?

THE RETREAT is located on THE CLOSE in CORTON, in the NR32 postcode district. The below map shows the position of THE RETREAT on THE CLOSE.