16, BISHOPS WALK, LOWESTOFT, NR32 4JN - £345,000

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

16 BISHOPS WALK is a small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £345,000 in February 2023, which was around 21% below the average February 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

16 BISHOPS WALK Sold Prices

Land registry data shows two sales for 16 BISHOPS WALK 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 16 BISHOPS WALK 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
2023 8 FEB	£345,000	£438,978	21% below HPI
2022 1 APR	£258,000	£415,075	38% below HPI

16 BISHOPS WALK 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 16 BISHOPS WALK sales from April 2022 and February 2023 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 2022 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 16 BISHOPS WALK?

16 BISHOPS WALK is 82m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 16 BISHOPS WALK lies on this distribution: 33% of detached houses are smaller than 16 BISHOPS WALK, and 66% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 BISHOPS WALK: Plot and Title Map

16 BISHOPS WALK sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 16 BISHOPS WALK, 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 16 BISHOPS WALK). 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 16 BISHOPS WALK?

16 BISHOPS WALK is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 16 on BISHOPS WALK.