1, DESMOND CLOSE, LOWESTOFT, NR32 3JY - £418,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 DESMOND CLOSE is a very large extended detached house of 171m², built sometime between 1967 and 1975. It was last sold for £418,000 in February 2024, which was around 2% below the average February 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

1 DESMOND CLOSE Sold Prices

Land registry data shows four sales for 1 DESMOND 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. Most of the four 1 DESMOND 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
2024 22 FEB	£418,000	£427,316	2% below HPI
2022 22 AUG	£410,000	£432,997	5% below HPI
2007 29 MAY	£249,995	£241,623	3% above HPI
2001 7 MAR	£82,500	£125,631	34% below HPI

1 DESMOND 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 DESMOND CLOSE sales between March 2001 and February 2024 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 August 2022 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 1 DESMOND CLOSE?

1 DESMOND CLOSE is 171m², which includes two extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% 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 DESMOND CLOSE lies on this distribution: 93% of detached houses are smaller than 1 DESMOND CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 DESMOND CLOSE: Plot and Title Map

1 DESMOND CLOSE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 1 DESMOND 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 DESMOND 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 DESMOND CLOSE?

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