10, THE WEALD, OULTON, LOWESTOFT, NR32 3HN - £255,000

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.

10 THE WEALD is a very small detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £245,304. It was last sold for £255,000 in September 2022, which was around 42% below the average September 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

10 THE WEALD Sold Prices

Land registry data shows four sales for 10 THE WEALD 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 10 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
2022 9 SEP	£255,000	£439,768	42% below HPI
2021 17 DEC	£230,000	£404,925	43% below HPI
2015 11 SEP	£157,000	£302,002	48% below HPI
2007 24 AUG	£162,995	£261,787	38% below HPI

10 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 four 10 THE WEALD sales between August 2007 and September 2022 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 2021 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2022 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 10 THE WEALD be worth now?

10 THE WEALD might now be worth an estimated £245,304.

This is based on house price deflation of 3.8%, between September 2022 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 3.8% deflationary decrease is applied to the most recent sale price for 10 THE WEALD of £255,000 on 9th September 2022. For the value to have decreased from £255,000 to £245,304 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 10 THE WEALD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2022 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 10 THE WEALD has not materially changed since September 2022.

How Large is 10 THE WEALD?

10 THE WEALD is 72m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% 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 10 THE WEALD lies on this distribution: 19% of detached houses houses are smaller than 10 THE WEALD, and 80% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

10 THE WEALD: Plot and Title Map

10 THE WEALD sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 10 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 10 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 10 THE WEALD?

10 THE WEALD is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 10 on THE WEALD.