2, RED HOUSE CLOSE, OULTON, LOWESTOFT, NR32 3BD - £290,000

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 RED HOUSE CLOSE is a midsized extended detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £321,106. It was last sold for £290,000 in November 2020, which was around 24% below the average November 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2024, where the current energy rating was B, and the potential energy rating was B.

2 RED HOUSE CLOSE Sold Prices

Land registry data shows three sales for 2 RED HOUSE CLOSE 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 RED HOUSE 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
2020 6 NOV	£290,000	£380,026	24% below HPI
2009 14 AUG	£159,000	£229,940	31% below HPI
2006 28 NOV	£175,000	£241,177	27% below HPI

2 RED HOUSE 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 three 2 RED HOUSE CLOSE sales between November 2006 and November 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 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 RED HOUSE CLOSE be worth now?

2 RED HOUSE CLOSE might now be worth an estimated £321,106.

This is based on house price inflation of 10.7%, between November 2020 and July 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 10.7% inflationary increase is applied to the most recent sale price for 2 RED HOUSE CLOSE of £290,000 on 6th November 2020. For the value to have increased from £290,000 to £321,106 over the five years and four months to July 2025, the following assumptions must hold true:

• The value of 2 RED HOUSE CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2020 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RED HOUSE CLOSE has not materially changed since November 2020.

How Large is 2 RED HOUSE CLOSE?

2 RED HOUSE CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the largest 50% 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 RED HOUSE CLOSE lies on this distribution: 59% of detached houses houses are smaller than 2 RED HOUSE CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 RED HOUSE CLOSE: Plot and Title Map

2 RED HOUSE CLOSE sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of 2 RED HOUSE 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 RED HOUSE 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 RED HOUSE CLOSE?

2 RED HOUSE CLOSE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 2 on RED HOUSE CLOSE.