3, THE PARKLANDS, CARLTON COLVILLE, LOWESTOFT, NR33 8RN - £235,000

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 THE PARKLANDS is a large detached house of 122m², built sometime between 1983 and 1990. It was last sold for £235,000 in September 2018, which was around 34% below the average September 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

3 THE PARKLANDS Sold Prices

Land registry data shows four sales for 3 THE PARKLANDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 3 THE PARKLANDS 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
2018 28 SEP	£235,000	£357,710	34% below HPI
2004 25 JUN	£149,950	£214,961	30% below HPI
2001 27 JUL	£89,500	£130,926	32% below HPI
2000 7 APR	£85,000	£105,000	19% below HPI

3 THE PARKLANDS 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 four 3 THE PARKLANDS sales between April 2000 and September 2018 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 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the September 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 3 THE PARKLANDS?

3 THE PARKLANDS is 122m² according to the EPC inspection conducted in October 2017. This puts it in the largest 30% 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 PARKLANDS lies on this distribution: 73% of detached houses are smaller than 3 THE PARKLANDS, and 26% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 THE PARKLANDS: Plot and Title Map

3 THE PARKLANDS sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 3 THE PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

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