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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Tower Lane, Aldeburgh is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,238 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Tower Lane, Aldeburgh is £625,520 and the estimated rental value is £1,680 per month.
Tower Lane, Aldeburgh, IP15 is located in the borough of East Suffolk within the IP15 postal district.
2, Tower Lane, Aldeburgh has 21 entries in the Land Registry , most recently in December 2007 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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Tower Lane, Aldeburgh is in very good condition we estimate a sale value of £656,796 and a rental value of £1,764 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £581,734 and a rental value of £1,562 per month.
Over the last 12 months the sale value of 2 Tower Lane Aldeburgh has decreased by an estimated £38,873 (6.2%) and its rental value has increased by an estimated £22 per month (1.3%), giving an expected gross yield of 3.2%.
According to HM Land Registry, 2, Tower Lane, Aldeburgh was last sold on 7th December 2007 for £550,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2007, the market for similar properties has dropped 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Tower Lane, Aldeburgh within a radius of 1.2 kilometres over the last 2 years.
The most recent example is Holly House, Victoria Road, Aldeburgh, IP15 5EF, a freehold house which sold for £750,000 on the 23rd November 2022.
Read more about house prices in IP15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tower Lane, Aldeburgh, IP15 has a total of 4 addresses. According to our analysis of all the public data, 2, Tower Lane, Aldeburgh is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £261k more expensive than the average property in IP15.
The closest station to 2, Tower Lane, Aldeburgh is Saxmundham station which is 9.8 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Tower Lane, Aldeburgh, 81.3% of property is privately owned outright and 7.1% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Tower Lane, Aldeburgh, 1.2% of residents are recorded as possessing school level qualifications and 45.0% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Tower Lane, Aldeburgh, the average age was 48.7 and the most common age was 72.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Tower Lane, Aldeburgh, 0.6% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Tower Lane, Aldeburgh, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
