3, MUNNINGS CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8AW - £225,000

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 MUNNINGS CLOSE is a very small detached house of 50m², built sometime between 1967 and 1975. It was last sold for £225,000 in March 2020, which was around 35% below the average March 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2018, where the current energy rating was E, and the potential energy rating was B.

3 MUNNINGS CLOSE Sold Prices

Land registry data shows two sales for 3 MUNNINGS 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 MUNNINGS 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
2020 23 MAR	£225,000	£347,467	35% below HPI
2019 3 JUL	£162,000	£349,371	54% below HPI

3 MUNNINGS 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 MUNNINGS CLOSE sales from July 2019 and March 2020 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 2019 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the March 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 MUNNINGS CLOSE?

3 MUNNINGS CLOSE is 50m² according to the EPC inspection conducted in December 2018. 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 3 MUNNINGS CLOSE lies on this distribution: 1% of detached houses are smaller than 3 MUNNINGS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 MUNNINGS CLOSE: Plot and Title Map

3 MUNNINGS CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 3 MUNNINGS 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 MUNNINGS 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 MUNNINGS CLOSE?

3 MUNNINGS CLOSE is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 3 on MUNNINGS CLOSE.