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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
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24, North Parade, Southwold is recorded publicly as a period freehold house across 2,271 ft2 of internal area, sitting on a 253 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 24, North Parade, Southwold is £1,737,457 and its rental estimate is £4,569 per month, given the available information and assuming reasonable condition.
North Parade, Southwold, IP18 falls within the IP18 postal district, in the borough of East Suffolk.
24, North Parade, Southwold has 21 entries in the Land Registry , most recently in September 2024 and a single entry in the EPC database dated May 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 24, North Parade, Southwold, we estimate a market value of £1,824,330 and a rental value of £4,798 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,615,835 and £4,249 per month respectively.
Over the last year, 24, North Parade, Southwold has seen its estimated sale value move down by £92,261 (5.3%) and its estimated rental value increase by £73 per month (1.6%). This results in an estimated gross rental yield of 3.2%.
HM Land Registry records the plot of land for 24, North Parade, Southwold as measuring 253 m2.
That makes it the 4th largest plot in the postcode, where 4 of the 12 other houses have recorded plot data.
24, North Parade, Southwold has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 May 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 24, North Parade, Southwold completed on 16th September 2024 at £2,000,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 13.9% over the period since September 2024.
Over the past 2 years 3 properties similar to 24, North Parade, Southwold have sold within a radius of 1.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th July 2019, was 20, North Parade, Southwold, IP18 6LT, a freehold house which sold for £1,100,000.
Read more about house prices in IP18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 50 addresses on North Parade, Southwold, IP18, 24, North Parade, Southwold comes out as the 11th largest and the 14th most expensive in our analysis of the public data.
It is also £1.226m more expensive than the average property across the IP18 district.
From 24, North Parade, Southwold, the nearest station is Brampton (Suffolk), 12.0 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 24, North Parade, Southwold, 66.1% of property is privately owned outright and 14.5% 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 24, North Parade, Southwold, 8.3% of residents are recorded as possessing school level qualifications and 50.0% 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 24, North Parade, Southwold, the average age was 51.2 and the most common age was 67.
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 24, North Parade, Southwold, 8.2% 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 24, North Parade, Southwold, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
