24, GLOUCESTER AVENUE, LOWESTOFT, NR32 4SQ - £165,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

24 GLOUCESTER AVENUE is a very small detached house of 67m², built sometime between 1976 and 1982. It was last sold for £165,000 in June 2021, which was around 57% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was B.

24 GLOUCESTER AVENUE Sold Prices

Land registry data shows two sales for 24 GLOUCESTER AVENUE 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 24 GLOUCESTER AVENUE 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
2021 4 JUN	£165,000	£380,524	57% below HPI
2005 6 MAY	£133,000	£215,741	38% below HPI

24 GLOUCESTER AVENUE 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 24 GLOUCESTER AVENUE sales from May 2005 and June 2021 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 May 2005 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2021 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 24 GLOUCESTER AVENUE?

24 GLOUCESTER AVENUE is 67m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 24 GLOUCESTER AVENUE lies on this distribution: 13% of detached houses are smaller than 24 GLOUCESTER AVENUE, and 86% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

24 GLOUCESTER AVENUE: Plot and Title Map

24 GLOUCESTER AVENUE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 24 GLOUCESTER AVENUE, 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 24 GLOUCESTER AVENUE). 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 24 GLOUCESTER AVENUE?

24 GLOUCESTER AVENUE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 24 on GLOUCESTER AVENUE.