1, GARDEN CLOSE, LOWESTOFT, NR32 2PQ - £425,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 GARDEN CLOSE is a very large extended detached house of 175m², built sometime between 2003 and 2006, which could now be worth an estimated £415,223. It was last sold for £425,000 in September 2024, which was around 2% below the average September 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2024, where the current energy rating was B, and the potential energy rating was B.

1 GARDEN CLOSE Sold Prices

Land registry data shows three sales for 1 GARDEN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 1 GARDEN CLOSE sales were for below the average price, whilst one was for above 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 20 SEP	£425,000	£433,007	2% below HPI
2023 31 MAR	£400,000	£431,274	7% below HPI
2006 31 AUG	£302,500	£235,554	28% above HPI

1 GARDEN 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 three 1 GARDEN CLOSE sales between August 2006 and September 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 March 2023 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 1 GARDEN CLOSE be worth now?

1 GARDEN CLOSE might now be worth an estimated £415,223.

This is based on house price deflation of 2.3%, between September 2024 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% deflationary decrease is applied to the most recent sale price for 1 GARDEN CLOSE of £425,000 on 20th September 2024. For the value to have decreased from £425,000 to £415,223 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 1 GARDEN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2024 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GARDEN CLOSE has not materially changed since September 2024.

How Large is 1 GARDEN CLOSE?

1 GARDEN CLOSE is 175m², which includes two extensions, according to the EPC inspection conducted in August 2024. This puts it in the largest 10% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 1 GARDEN CLOSE lies on this distribution: 94% of detached houses houses are smaller than 1 GARDEN CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 GARDEN CLOSE: Plot and Title Map

1 GARDEN CLOSE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 1 GARDEN 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 GARDEN 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 GARDEN CLOSE?

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