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

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 GARDEN CLOSE is a very large detached house of 175m², built sometime between 2003 and 2006. 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	£380,784	10% above HPI
2006 4 AUG	£283,000	£235,518	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 2 GARDEN CLOSE lies on this distribution: 94% of detached 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.