2, SCOTTS CLOSE, KESSINGLAND, LOWESTOFT, NR33 7SU - £224,000

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 SCOTTS CLOSE is a small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £224,000 in September 2017, which was around 35% below the average September 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

2 SCOTTS CLOSE Sold Prices

Land registry data shows two sales for 2 SCOTTS 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. One of the two 2 SCOTTS CLOSE sales was for below the average price, whilst the other was for above 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
2017 28 SEP	£224,000	£345,448	35% below HPI
1995 31 OCT	£78,000	£72,131	8% above HPI

2 SCOTTS 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 SCOTTS CLOSE sales from October 1995 and September 2017 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 1995 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2017 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 SCOTTS CLOSE?

2 SCOTTS CLOSE is 76m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses by size in Kessingland, and where 2 SCOTTS CLOSE lies on this distribution: 28% of detached houses are smaller than 2 SCOTTS CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

2 SCOTTS CLOSE: Plot and Title Map

2 SCOTTS CLOSE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 2 SCOTTS 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 SCOTTS 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 SCOTTS CLOSE?

2 SCOTTS CLOSE is located in KESSINGLAND, in the NR33 postcode district. The below map shows the position of No. 2 on SCOTTS CLOSE.