1, COTMAN CLOSE, LOWESTOFT, NR32 4NW - £267,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 COTMAN CLOSE is a very small detached house of 65m², built sometime between 1976 and 1982. It was last sold for £267,000 in September 2023, which was around 38% below the average September 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

1 COTMAN CLOSE Sold Prices

Land registry data shows four sales for 1 COTMAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 1 COTMAN CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 12 SEP	£267,000	£432,706	38% below HPI
2021 30 JUN	£220,000	£380,524	42% below HPI
2013 27 NOV	£162,000	£261,530	38% below HPI
2000 3 JUL	£78,000	£116,099	33% below HPI

1 COTMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The four 1 COTMAN CLOSE sales between July 2000 and September 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2021 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2023 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 1 COTMAN CLOSE?

1 COTMAN CLOSE is 65m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 1 COTMAN CLOSE lies on this distribution: 11% of detached houses are smaller than 1 COTMAN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 COTMAN CLOSE: Plot and Title Map

1 COTMAN CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 1 COTMAN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 COTMAN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 COTMAN CLOSE?

1 COTMAN CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 1 on COTMAN CLOSE.