12, MILNES WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GJ - £195,000

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

12 MILNES WAY is a midsized extended detached house of 90m², built sometime between 1991 and 1995. It was last sold for £195,000 in March 2015, which was around 31% below the average March 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

12 MILNES WAY Sold Prices

Land registry data shows two sales for 12 MILNES WAY 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 12 MILNES WAY 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
2015 20 MAR	£195,000	£284,526	31% below HPI
2003 30 APR	£127,950	£185,103	31% below HPI

12 MILNES WAY 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 12 MILNES WAY sales from April 2003 and March 2015 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 April 2003 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2015 sale, which was also at 31% below the HPI.

How Large is 12 MILNES WAY?

12 MILNES WAY is 90m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 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 12 MILNES WAY lies on this distribution: 43% of detached houses are smaller than 12 MILNES WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

12 MILNES WAY: Plot and Title Map

12 MILNES WAY sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 12 MILNES WAY, 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 12 MILNES WAY). 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 12 MILNES WAY?

12 MILNES WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 12 on MILNES WAY.