16, MONARCH WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GH - £395,000

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 MONARCH WAY is a very large detached house of 146m², built sometime between 2003 and 2006. It was last sold for £395,000 in September 2023, which was around 9% below the average September 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

16 MONARCH WAY Sold Prices

Land registry data shows four sales for 16 MONARCH WAY 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. The four 16 MONARCH WAY sales were a mix of below the average price, and roughly equal to 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 29 SEP	£395,000	£432,706	9% below HPI
2012 16 AUG	£200,000	£248,594	20% below HPI
2007 20 JUL	£230,000	£250,789	8% below HPI
2003 22 DEC	£198,500	£199,289	Close to HPI

16 MONARCH 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 four 16 MONARCH WAY sales between December 2003 and September 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 August 2012 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2023 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 16 MONARCH WAY?

16 MONARCH WAY is 146m² according to the EPC inspection conducted in August 2022. This puts it in the largest 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 16 MONARCH WAY lies on this distribution: 86% of detached houses are smaller than 16 MONARCH WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 MONARCH WAY: Plot and Title Map

16 MONARCH WAY sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 16 MONARCH 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 16 MONARCH 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 16 MONARCH WAY?

16 MONARCH WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 16 on MONARCH WAY.