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

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 RED HOUSE CLOSE is a midsized extended detached house of 106m², built sometime between 1983 and 1990. 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	£379,967	24% below HPI
2009 14 AUG	£159,000	£229,904	31% below HPI
2006 28 NOV	£175,000	£241,140	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 2 RED HOUSE CLOSE lies on this distribution: 59% of detached 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.