2, MUNNINGS CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8AW - £300,000

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 MUNNINGS CLOSE is a very small extended detached house of 71m², built sometime between 1967 and 1975. It was last sold for £300,000 in November 2022, which was around 32% below the average November 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

2 MUNNINGS CLOSE Sold Prices

Land registry data shows two sales for 2 MUNNINGS 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 MUNNINGS 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
2022 16 NOV	£300,000	£442,367	32% below HPI
2020 9 OCT	£167,500	£373,131	55% below HPI

2 MUNNINGS 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 MUNNINGS CLOSE sales from October 2020 and November 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 October 2020 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 2022 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 MUNNINGS CLOSE?

2 MUNNINGS CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 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 MUNNINGS CLOSE lies on this distribution: 18% of detached houses are smaller than 2 MUNNINGS CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 MUNNINGS CLOSE: Plot and Title Map

2 MUNNINGS CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 2 MUNNINGS 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 MUNNINGS 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 MUNNINGS CLOSE?

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