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

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

10 THE WEALD is a very small detached house of 72m², built sometime between 1976 and 1982. 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	£439,700	42% below HPI
2021 17 DEC	£230,000	£404,862	43% below HPI
2015 11 SEP	£157,000	£301,956	48% below HPI
2007 24 AUG	£162,995	£261,746	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 10 THE WEALD lies on this distribution: 19% of detached 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.