3, UNDERWOOD CLOSE, LOWESTOFT, NR32 4GE - £305,000

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 UNDERWOOD CLOSE is a midsized detached house of 100m², built sometime between 2003 and 2006. It was last sold for £305,000 in May 2023, which was around 27% below the average May 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

3 UNDERWOOD CLOSE Sold Prices

Land registry data shows four sales for 3 UNDERWOOD CLOSE 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 UNDERWOOD 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
2023 19 MAY	£305,000	£415,931	27% below HPI
2020 18 JUN	£268,500	£352,260	24% below HPI
2010 31 MAR	£189,000	£252,600	25% below HPI
2003 12 DEC	£152,950	£199,289	23% below HPI

3 UNDERWOOD 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 four 3 UNDERWOOD CLOSE sales between December 2003 and May 2023 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 2020 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 UNDERWOOD CLOSE?

3 UNDERWOOD CLOSE is 100m² according to the EPC inspection conducted in April 2019. 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 UNDERWOOD CLOSE lies on this distribution: 53% of detached houses are smaller than 3 UNDERWOOD CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 UNDERWOOD CLOSE: Plot and Title Map

3 UNDERWOOD CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 3 UNDERWOOD 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 UNDERWOOD 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 UNDERWOOD CLOSE?

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