2, GREENWOOD WAY, LOWESTOFT, NR32 4WD - £382,500

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 GREENWOOD WAY is a very large detached house of 137m², built sometime between 1996 and 2002. It was last sold for £382,500 in June 2022, which was around 10% below the average June 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

2 GREENWOOD WAY Sold Prices

Land registry data shows three sales for 2 GREENWOOD WAY 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. Two of the three 2 GREENWOOD WAY sales were for below the average price, whilst one was 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
2022 17 JUN	£382,500	£426,506	10% below HPI
2002 18 JAN	£123,000	£143,391	14% below HPI
1998 31 MAR	£99,250	£83,317	19% above HPI

2 GREENWOOD WAY 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 GREENWOOD WAY sales between March 1998 and June 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 January 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 GREENWOOD WAY?

2 GREENWOOD WAY is 137m² according to the EPC inspection conducted in February 2015. This puts it in the largest 20% 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 GREENWOOD WAY lies on this distribution: 83% of detached houses are smaller than 2 GREENWOOD WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 GREENWOOD WAY: Plot and Title Map

2 GREENWOOD WAY sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 2 GREENWOOD WAY, 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 GREENWOOD WAY). 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 GREENWOOD WAY?

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