23, MONARCH WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GH - £392,500

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

23 MONARCH WAY is a large detached house of 116m², built sometime between 1983 and 1990. It was last sold for £392,500 in April 2023, which was around 7% below the average April 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

23 MONARCH WAY Sold Prices

Land registry data shows four sales for 23 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 23 MONARCH 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
2023 28 APR	£392,500	£423,046	7% below HPI
2013 9 AUG	£202,500	£263,207	23% below HPI
2006 1 NOV	£210,000	£241,140	13% below HPI
2003 30 MAY	£169,950	£184,148	8% below HPI

23 MONARCH 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 four 23 MONARCH WAY sales between May 2003 and April 2023 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 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 23 MONARCH WAY?

23 MONARCH WAY is 116m² according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 23 MONARCH WAY lies on this distribution: 69% of detached houses are smaller than 23 MONARCH WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

23 MONARCH WAY: Plot and Title Map

23 MONARCH WAY sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 23 MONARCH 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 23 MONARCH 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 23 MONARCH WAY?

23 MONARCH WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 23 on MONARCH WAY.