31, HOBART WAY, LOWESTOFT, NR32 3BW - £175,000

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

31 HOBART WAY is a small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £175,000 in May 2019, which was around 49% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was C.

31 HOBART WAY Sold Prices

Land registry data shows two sales for 31 HOBART WAY 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 31 HOBART WAY 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
2019 7 MAY	£175,000	£340,002	49% below HPI
1996 27 SEP	£53,950	£74,696	28% below HPI

31 HOBART WAY 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 31 HOBART WAY sales from September 1996 and May 2019 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 September 1996 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2019 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 31 HOBART WAY?

31 HOBART WAY is 86m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 31 HOBART WAY lies on this distribution: 38% of detached houses are smaller than 31 HOBART WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

31 HOBART WAY: Plot and Title Map

31 HOBART WAY sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 31 HOBART WAY, 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 31 HOBART WAY). 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 31 HOBART WAY?

31 HOBART WAY is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 31 on HOBART WAY.