1, West Lane
1, West Lane
Description & Estimates
1, West Lane, Aldeburgh appears in the public record as a leasehold apartment.
We estimate it to be a period apartment with 595 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 1, West Lane, Aldeburgh is £231,179 and its rental estimate is £695 per month, given the available information and assuming reasonable condition.
1, West Lane is a residential building on West Lane, Aldeburgh, IP15 and falls within the IP15 postal district and the borough of East Suffolk.
Our Data Sources
1, West Lane, Aldeburgh has 21 entries in the Land Registry , most recently in November 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, West Lane, Aldeburgh, we estimate a market value of £242,738 and a rental value of £730 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £214,996 and £646 per month respectively.
Recent Market Change
Over the last year, 1, West Lane, Aldeburgh has seen its estimated sale value drop by £6,838 (3.0%) and its estimated rental value rise by £29 per month (4.1%). This results in an estimated gross rental yield of 3.6%.
Sold Prices
The most recent sale of 1, West Lane, Aldeburgh completed on 23rd November 2018 at £195,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 49.8% over the period since November 2018.
- Sold Nov 2018£195,000
- Sold Dec 2000£55,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, West Lane, Aldeburgh have sold within a radius of 1.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th November 2024, was 183A, High Street, Aldeburgh, IP15 5AL, a leasehold flat which sold for £290,000.
Read more about house prices in IP15.
- Sold Nov 2024£290,000 | 2 Bed FlatHigh Street183A, High Street, Aldeburgh, IP15 5AL
- Sold Mar 2024£428,000 | 2 Bed FlatCrag Royston 32, Victoria Road1, Crag Royston 32, Victoria Road, Aldeburgh, IP15 5EG
- Sold Mar 2024£220,000 | 2 Bed FlatBrown Acres, Church CloseEast House Flat, Brown Acres, Church Close, Aldeburgh, IP15 5DY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 5 addresses on West Lane, Aldeburgh, IP15, 1, West Lane, Aldeburgh comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £147k less expensive than the average property across the IP15 district.
More reading links
Schools Nearby
- 300mAldeburgh Primary School
- 5.0kmColdfair Green Community Primary School
- 6.1kmLeiston Primary School
- 5.9kmAlde Valley Academy
- 20.4kmThomas Mills High School & Sixth Form
- 21.0kmFarlingaye High School
More reading links
Public Transport Nearby
From 1, West Lane, Aldeburgh, the nearest station is Saxmundham, 10.3 kilometres away.
- 10.3kmSaxmundham
- 13.8kmWickham Market
- 14.5kmDarsham
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
