2, MONARCH WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GH - £345,000

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 MONARCH WAY is a large detached house of 131m², built sometime between 1996 and 2002. It was last sold for £345,000 in March 2024, which was around 19% below the average March 2024 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2022, where the current energy rating was B, and the potential energy rating was B.

2 MONARCH WAY Sold Prices

Land registry data shows three sales for 2 MONARCH 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. All of the three 2 MONARCH WAY 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
2024 7 MAR	£345,000	£424,824	19% below HPI
2011 14 DEC	£216,000	£257,082	16% below HPI
2003 21 MAR	£169,950	£183,731	8% below HPI

2 MONARCH 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 MONARCH WAY sales between March 2003 and March 2024 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 December 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2024 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 MONARCH WAY?

2 MONARCH WAY is 131m² according to the EPC inspection conducted in November 2022. 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 MONARCH WAY lies on this distribution: 79% of detached houses are smaller than 2 MONARCH WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 MONARCH WAY: Plot and Title Map

2 MONARCH WAY sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 2 MONARCH 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 MONARCH 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 MONARCH WAY?

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