2, CHESTNUT AVENUE, LOWESTOFT, NR32 3JA - £367,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CHESTNUT AVENUE is a large extended detached house of 127m², built sometime before 1900. It was last sold for £367,500 in November 2018, which was around 3% above the average November 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

2 CHESTNUT AVENUE Sold Prices

Land registry data shows four sales for 2 CHESTNUT AVENUE 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. Most of the four 2 CHESTNUT AVENUE sales were for above 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
2018 7 NOV	£367,500	£357,827	3% above HPI
2016 28 NOV	£315,000	£323,628	3% below HPI
2007 28 JUN	£337,000	£245,338	37% above HPI
2004 12 JUL	£230,000	£219,642	5% above HPI

2 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 four 2 CHESTNUT AVENUE sales between July 2004 and November 2018 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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2018 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is 127m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the largest 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 2 CHESTNUT AVENUE lies on this distribution: 77% of detached houses are smaller than 2 CHESTNUT AVENUE, and 23% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 CHESTNUT AVENUE: Plot and Title Map

2 CHESTNUT AVENUE sits on a plot of roughly 0.187 of an acre, or 759m². The below map shows the location of 2 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 2 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 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 2 on CHESTNUT AVENUE.