1, THE WEALD, OULTON, LOWESTOFT, NR32 3HN - £125,000

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 THE WEALD is a very large extended detached house of 162m², built sometime between 1976 and 1982. It was last sold for £125,000 in May 2002, which was around 18% below the average May 2002 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2024, where the current energy rating was B, and the potential energy rating was B.

1 THE WEALD Sold Prices

Land registry data shows two sales for 1 THE WEALD 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 THE WEALD 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
2002 8 MAY	£125,000	£153,113	18% below HPI
1999 9 DEC	£96,000	£102,225	6% below HPI

1 THE WEALD 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 THE WEALD sales from December 1999 and May 2002 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 December 1999 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2002 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 1 THE WEALD?

1 THE WEALD is 162m², which includes two extensions, according to the EPC inspection conducted in April 2024. 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 THE WEALD lies on this distribution: 91% of detached houses are smaller than 1 THE WEALD, and 9% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 THE WEALD: Plot and Title Map

1 THE WEALD sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 1 THE WEALD, 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 THE WEALD). 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 THE WEALD?

1 THE WEALD is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 1 on THE WEALD.