2, GALLEY CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8GX - £245,000

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

2 GALLEY CLOSE is a small detached house of 81m², built sometime between 2003 and 2006. It was last sold for £245,000 in December 2020, which was around 36% below the average December 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

2 GALLEY CLOSE Sold Prices

Land registry data shows three sales for 2 GALLEY 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 2 GALLEY 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
2020 18 DEC	£245,000	£380,784	36% below HPI
2002 30 AUG	£129,000	£162,008	20% below HPI
2001 9 NOV	£91,250	£144,437	37% below HPI

2 GALLEY 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 2 GALLEY CLOSE sales between November 2001 and December 2020 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 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2020 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 GALLEY CLOSE?

2 GALLEY CLOSE is 81m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 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 2 GALLEY CLOSE lies on this distribution: 32% of detached houses are smaller than 2 GALLEY CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 GALLEY CLOSE: Plot and Title Map

2 GALLEY CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 2 GALLEY 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 2 GALLEY 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 2 GALLEY CLOSE?

2 GALLEY CLOSE is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 2 on GALLEY CLOSE.