1, MAGDALEN CLOSE, LOWESTOFT, NR32 4TP - £215,000

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 MAGDALEN CLOSE is a midsized detached house of 102m², built sometime between 1983 and 1990. It was last sold for £215,000 in July 2011, which was around 14% below the average July 2011 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

1 MAGDALEN CLOSE Sold Prices

Land registry data shows two sales for 1 MAGDALEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 1 MAGDALEN 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
2011 28 JUL	£215,000	£251,240	14% below HPI
2004 14 MAY	£175,000	£211,686	17% below HPI

1 MAGDALEN 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 two 1 MAGDALEN CLOSE sales from May 2004 and July 2011 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 May 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the July 2011 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 1 MAGDALEN CLOSE?

1 MAGDALEN CLOSE is 102m² according to the EPC inspection conducted in June 2011. This puts it in the largest 50% 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 MAGDALEN CLOSE lies on this distribution: 56% of detached houses are smaller than 1 MAGDALEN CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 MAGDALEN CLOSE: Plot and Title Map

1 MAGDALEN CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 1 MAGDALEN 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 MAGDALEN 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 MAGDALEN CLOSE?

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