16, CHESTNUT AVENUE, LOWESTOFT, NR32 3JA - £500,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

16 CHESTNUT AVENUE is a large extended detached house of 109m², built sometime between 1950 and 1966. It was last sold for £500,000 in August 2022, which was around 16% above the average August 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

16 CHESTNUT AVENUE Sold Prices

Land registry data shows two sales for 16 CHESTNUT AVENUE 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. One of the two 16 CHESTNUT AVENUE sales was for above the average price, whilst the other was 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 26 AUG	£500,000	£430,549	16% above HPI
2016 1 NOV	£249,950	£323,628	23% below HPI

16 CHESTNUT AVENUE 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 CHESTNUT AVENUE sales from November 2016 and August 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 November 2016 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2022 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 16 CHESTNUT AVENUE?

16 CHESTNUT AVENUE is 109m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 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 CHESTNUT AVENUE lies on this distribution: 62% of detached houses are smaller than 16 CHESTNUT AVENUE, and 37% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 CHESTNUT AVENUE: Plot and Title Map

16 CHESTNUT AVENUE sits on a plot of roughly 0.195 of an acre, or 788m². The below map shows the location of 16 CHESTNUT AVENUE, 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 CHESTNUT AVENUE). 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 CHESTNUT AVENUE?

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