2B, THE GARDENS, CARLTON COLVILLE, LOWESTOFT, NR33 8LQ - £350,000

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

2B THE GARDENS is a very small detached house of 56m², built sometime between 1976 and 1982. It was last sold for £350,000 in December 2022, which was around 21% below the average December 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

2B THE GARDENS Sold Prices

Land registry data shows three sales for 2B THE GARDENS 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 2B THE GARDENS 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
2022 16 DEC	£350,000	£441,323	21% below HPI
2016 4 JUL	£205,000	£311,086	34% below HPI
2000 16 OCT	£87,000	£117,564	26% below HPI

2B THE GARDENS 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 2B THE GARDENS sales between October 2000 and December 2022 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 July 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2B THE GARDENS?

2B THE GARDENS is 56m² according to the EPC inspection conducted in February 2016. 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 2B THE GARDENS lies on this distribution: 2% of detached houses are smaller than 2B THE GARDENS, and 97% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

2B THE GARDENS: Plot and Title Map

2B THE GARDENS sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 2B THE GARDENS, 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 2B THE GARDENS). 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 2B THE GARDENS?

2B THE GARDENS is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 2B on THE GARDENS.