163, SPASHETT ROAD, LOWESTOFT, NR32 4ER - £235,000

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

163 SPASHETT ROAD is a small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £235,000 in May 2019, which was around 31% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

163 SPASHETT ROAD Sold Prices

Land registry data shows four sales for 163 SPASHETT ROAD 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. All of the four 163 SPASHETT ROAD 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 14 MAY	£235,000	£340,002	31% below HPI
2013 17 MAY	£165,000	£251,653	34% below HPI
2011 5 SEP	£130,000	£250,801	48% below HPI
1998 31 JUL	£70,000	£89,503	22% below HPI

163 SPASHETT ROAD 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 163 SPASHETT ROAD sales between July 1998 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 May 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2019 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 163 SPASHETT ROAD?

163 SPASHETT ROAD is 77m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 30% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 163 SPASHETT ROAD lies on this distribution: 26% of detached houses are smaller than 163 SPASHETT ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

163 SPASHETT ROAD: Plot and Title Map

163 SPASHETT ROAD sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 163 SPASHETT ROAD, 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 163 SPASHETT ROAD). 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 163 SPASHETT ROAD?

163 SPASHETT ROAD is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 163 on SPASHETT ROAD.