2, GARDEN CLOSE, LOWESTOFT, NR32 2PQ - £420,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 GARDEN CLOSE is a very large detached house of 175m², built sometime between 2003 and 2006, which could now be worth an estimated £466,542. It was last sold for £420,000 in December 2020, which was around 10% above the average December 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

2 GARDEN CLOSE Sold Prices

Land registry data shows two sales for 2 GARDEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 2 GARDEN CLOSE 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
2020 14 DEC	£420,000	£380,843	10% above HPI
2006 4 AUG	£283,000	£235,554	20% above HPI

2 GARDEN 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 two 2 GARDEN CLOSE sales from August 2006 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 2006 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the December 2020 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 GARDEN CLOSE be worth now?

2 GARDEN CLOSE might now be worth an estimated £466,542.

This is based on house price inflation of 11.1%, between December 2020 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.1% inflationary increase is applied to the most recent sale price for 2 GARDEN CLOSE of £420,000 on 14th December 2020. For the value to have increased from £420,000 to £466,542 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 GARDEN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The December 2020 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GARDEN CLOSE has not materially changed since December 2020.

How Large is 2 GARDEN CLOSE?

2 GARDEN CLOSE is 175m² according to the EPC inspection conducted in September 2020. This puts it in the largest 10% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 2 GARDEN CLOSE lies on this distribution: 94% of detached houses houses are smaller than 2 GARDEN CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 GARDEN CLOSE: Plot and Title Map

2 GARDEN CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 2 GARDEN 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 GARDEN 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 GARDEN CLOSE?

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