5, Red House Lane
5, Red House Lane
Description & Estimates
The public record lists 5, Red House Lane, Leiston as a freehold house sitting on a 321 m2 plot.
Comparison with its neighbours suggests a mid-century house with 1,023 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
5, Red House Lane, Leiston has an estimated sale value of £249,734 and an estimated rental value of £1,245 per month, assuming reasonable condition and based on the information available.
Red House Lane, Leiston, IP16 lies in the borough of East Suffolk, within the IP16 postal district.
Our Data Sources
5, Red House Lane, Leiston has 21 entries in the Land Registry , most recently in July 2010 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
In very good condition, we estimate 5, Red House Lane, Leiston would be worth £262,221, with a potential rental value of £1,307 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £232,253, with a rental value of £1,158 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 5, Red House Lane, Leiston has moved down by £9,309 (3.7%) over the last year. During the same period, its estimated monthly rental value has increased by £41 (3.3%). The property's estimated gross yield is currently 6.0%.
Plot Size
5, Red House Lane, Leiston occupies a 321 m2 plot as recorded by HM Land Registry.
All 7 other houses in this postcode have recorded plot sizes, and this one ranks as the 5th largest.
Sold Prices
5, Red House Lane, Leiston last changed hands on 9th July 2010, selling for £176,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 80.3% since July 2010.
- Sold Jul 2010£176,000
- Sold Jun 2006£139,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 740 metres of 5, Red House Lane, Leiston across the last 2 years.
Most recently, 38, Garrett Crescent, Leiston, IP16 4LF, a freehold house, sold at £220,000 on the 17th February 2023.
Read more about house prices in IP16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 5, Red House Lane, Leiston as the 14th largest and the 34th most expensive of the 43 addresses on Red House Lane, Leiston, IP16.
Against the IP16 postcode district average, it is £128k less expensive than the typical property.
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Schools Nearby
- 500mLeiston Primary School
- 1.7kmColdfair Green Community Primary School
- 5.9kmAldeburgh Primary School
- 400mAlde Valley Academy
- 17.4kmThomas Mills High School & Sixth Form
- 21.9kmFarlingaye High School
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Public Transport Nearby
Saxmundham station is the nearest stop to 5, Red House Lane, Leiston at 6.3 kilometres away.
- 6.3kmSaxmundham
- 8.8kmDarsham
- 13.6kmWickham Market
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
