13, RED HOUSE CLOSE, OULTON, LOWESTOFT, NR32 3BD - £165,000

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

13 RED HOUSE CLOSE is a very small detached house of 58m², built sometime between 1976 and 1982. It was last sold for £165,000 in May 2019, which was around 51% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

13 RED HOUSE CLOSE Sold Prices

Land registry data shows two sales for 13 RED HOUSE 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 13 RED HOUSE 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
2019 3 MAY	£165,000	£340,002	51% below HPI
2011 18 NOV	£100,000	£252,566	60% below HPI

13 RED HOUSE 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 13 RED HOUSE CLOSE sales from November 2011 and May 2019 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 November 2011 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the May 2019 sale, where it rises to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 13 RED HOUSE CLOSE?

13 RED HOUSE CLOSE is 58m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 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 13 RED HOUSE CLOSE lies on this distribution: 3% of detached houses are smaller than 13 RED HOUSE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

13 RED HOUSE CLOSE: Plot and Title Map

13 RED HOUSE CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 13 RED HOUSE 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 13 RED HOUSE 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 13 RED HOUSE CLOSE?

13 RED HOUSE CLOSE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 13 on RED HOUSE CLOSE.