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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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26, Red House Lane, Leiston is recorded publicly as a modern freehold house across 1,313 ft2 of internal area, sitting on a 441 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 26, Red House Lane, Leiston is £392,895 and its rental estimate is £1,552 per month, given the available information and assuming reasonable condition.
Red House Lane, Leiston, IP16 falls within the IP16 postal district, in the borough of East Suffolk.
26, Red House Lane, Leiston has 2 entries in the Land Registry , most recently in November 2022 and a single entry in the EPC database dated July 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 26, Red House Lane, Leiston, we estimate a market value of £412,539 and a rental value of £1,630 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £365,392 and £1,444 per month respectively.
Over the last year, 26, Red House Lane, Leiston has seen its estimated sale value drop by £20,543 (5.2%) and its estimated rental value rise by £26 per month (1.7%). This results in an estimated gross rental yield of 4.7%.
HM Land Registry records the plot of land for 26, Red House Lane, Leiston as measuring 441 m2.
That makes it the 4th largest plot in the postcode, where 6 of the 11 other houses have recorded plot data.
26, Red House Lane, Leiston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Jul 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 26, Red House Lane, Leiston completed on 25th November 2022 at £520,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 12.9% over the period since November 2022.
Over the past 2 years 3 properties similar to 26, Red House Lane, Leiston have sold within a radius of 910 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th April 2022, was 11, Foxglove End, Leiston, IP16 4UT, a freehold house which sold for £405,000.
Read more about house prices in IP16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 43 addresses on Red House Lane, Leiston, IP16, 26, Red House Lane, Leiston comes out as the 9th largest and the 7th most expensive in our analysis of the public data.
It is also £15k more expensive than the average property across the IP16 district.
From 26, Red House Lane, Leiston, the nearest station is Saxmundham, 6.5 kilometres away.
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 26, Red House Lane, Leiston, 48.9% of property is privately owned outright and 22.2% 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 26, Red House Lane, Leiston, 12.1% of residents are recorded as possessing school level qualifications and 19.2% 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 26, Red House Lane, Leiston, 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 26, Red House Lane, Leiston, 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 26, Red House Lane, Leiston, 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.
