3, THE GAP, LOWESTOFT, NR33 9AU - £210,000

3 THE GAP is a very small extended detached house of 61m², built sometime between 1950 and 1966. It was last sold for £210,000 in August 2021, which was around 44% below the average August 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

3 THE GAP Sold Prices

Land registry data shows two sales for 3 THE GAP 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 THE GAP 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 23 AUG	£210,000	£378,011	44% below HPI
2019 30 AUG	£175,000	£350,133	50% below HPI

3 THE GAP 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 THE GAP sales from August 2019 and August 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 August 2019 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the August 2021 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 3 THE GAP?

3 THE GAP is 61m², which includes one extension, according to the EPC inspection conducted in April 2019. 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 THE GAP lies on this distribution: 7% of detached houses are smaller than 3 THE GAP, and 93% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 THE GAP: Plot and Title Map

3 THE GAP sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 3 THE GAP, 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 THE GAP). 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 THE GAP?

3 THE GAP is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 3 on THE GAP.