17, UNDERWOOD CLOSE, LOWESTOFT, NR32 4GE - £265,000

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

17 UNDERWOOD CLOSE is a small detached house of 75m², built sometime between 2003 and 2006. It was last sold for £265,000 in September 2022, which was around 40% below the average September 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

17 UNDERWOOD CLOSE Sold Prices

Land registry data shows three sales for 17 UNDERWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 17 UNDERWOOD 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
2022 9 SEP	£265,000	£439,700	40% below HPI
2017 28 JUN	£183,500	£332,325	45% below HPI
2004 30 APR	£130,950	£207,942	37% below HPI

17 UNDERWOOD 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 three 17 UNDERWOOD CLOSE sales between April 2004 and September 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 June 2017 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 17 UNDERWOOD CLOSE?

17 UNDERWOOD CLOSE is 75m² according to the EPC inspection conducted in July 2016. 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 17 UNDERWOOD CLOSE lies on this distribution: 23% of detached houses are smaller than 17 UNDERWOOD CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

17 UNDERWOOD CLOSE: Plot and Title Map

17 UNDERWOOD CLOSE sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 17 UNDERWOOD 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 17 UNDERWOOD 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 17 UNDERWOOD CLOSE?

17 UNDERWOOD CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 17 on UNDERWOOD CLOSE.