38, LAXFIELD WAY, LOWESTOFT, NR33 7HH - £215,000

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

38 LAXFIELD WAY is a very small detached house of 56m², built sometime between 1991 and 1995. It was last sold for £215,000 in November 2018, which was around 40% below the average November 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

38 LAXFIELD WAY Sold Prices

Land registry data shows two sales for 38 LAXFIELD 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 38 LAXFIELD 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
2018 14 NOV	£215,000	£357,827	40% below HPI
1998 30 MAR	£60,000	£83,317	28% below HPI

38 LAXFIELD 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 38 LAXFIELD WAY sales from March 1998 and November 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 March 1998 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 38 LAXFIELD WAY?

38 LAXFIELD WAY is 56m² according to the EPC inspection conducted in July 2017. 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 38 LAXFIELD WAY lies on this distribution: 2% of detached houses are smaller than 38 LAXFIELD WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

38 LAXFIELD WAY: Plot and Title Map

38 LAXFIELD WAY sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 38 LAXFIELD 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 38 LAXFIELD 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 38 LAXFIELD WAY?

38 LAXFIELD WAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 38 on LAXFIELD WAY.