2, ROWAN WAY, LOWESTOFT, NR33 8PT - £147,500

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 ROWAN WAY is a very small detached house of 60m², built sometime between 1976 and 1982. It was last sold for £147,500 in February 2008, which was around 43% below the average February 2008 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

2 ROWAN WAY Sold Prices

Land registry data shows two sales for 2 ROWAN WAY 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 ROWAN 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
2008 25 FEB	£147,500	£258,450	43% below HPI
2003 2 SEP	£125,000	£194,583	36% below HPI

2 ROWAN 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 two 2 ROWAN WAY sales from September 2003 and February 2008 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 September 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2008 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 2 ROWAN WAY?

2 ROWAN WAY is 60m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% 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 ROWAN WAY lies on this distribution: 6% of detached houses are smaller than 2 ROWAN WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2 ROWAN WAY: Plot and Title Map

2 ROWAN WAY sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 2 ROWAN 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 ROWAN 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 ROWAN WAY?

2 ROWAN WAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 2 on ROWAN WAY.