3, LOTHINGLAND CLOSE, LOWESTOFT, NR32 3RH - £340,000

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

3 LOTHINGLAND CLOSE is a midsized detached house of 98m², built sometime between 1996 and 2002. It was last sold for £340,000 in October 2022, which was around 23% below the average October 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

3 LOTHINGLAND CLOSE Sold Prices

Land registry data shows two sales for 3 LOTHINGLAND 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. Both of the two 3 LOTHINGLAND CLOSE 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 28 OCT	£340,000	£439,903	23% below HPI
2002 20 JUN	£103,701	£156,145	34% below HPI

3 LOTHINGLAND 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 3 LOTHINGLAND CLOSE sales from June 2002 and October 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 June 2002 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 3 LOTHINGLAND CLOSE?

3 LOTHINGLAND CLOSE is 98m² according to the EPC inspection conducted in May 2022. This puts it in the largest 50% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 3 LOTHINGLAND CLOSE lies on this distribution: 51% of detached houses are smaller than 3 LOTHINGLAND CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 LOTHINGLAND CLOSE: Plot and Title Map

3 LOTHINGLAND CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 3 LOTHINGLAND 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 3 LOTHINGLAND 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 3 LOTHINGLAND CLOSE?

3 LOTHINGLAND CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 3 on LOTHINGLAND CLOSE.