38, LOWTHER STREET, NEWMARKET, CB8 0JS - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 LOWTHER STREET is a very small detached house of 79m², built sometime before 1900, which could now be worth an estimated £248,404. It was last sold for £225,000 in July 2021, which was around 45% below the average July 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

38 LOWTHER STREET Sold Prices

Land registry data shows two sales for 38 LOWTHER STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Suffolk local authority area for the corresponding sale date. Both of the two 38 LOWTHER STREET 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 30 JUL	£225,000	£408,071	45% below HPI
1999 5 MAR	£43,500	£108,176	60% below HPI

38 LOWTHER STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The two 38 LOWTHER STREET sales from March 1999 and July 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 March 1999 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the July 2021 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 38 LOWTHER STREET be worth now?

38 LOWTHER STREET might now be worth an estimated £248,404.

This is based on house price inflation of 10.4%, between July 2021 and February 2025, for detached houses, in the West Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.4% inflationary increase is applied to the most recent sale price for 38 LOWTHER STREET of £225,000 on 30th July 2021. For the value to have increased from £225,000 to £248,404 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 38 LOWTHER STREET has moved in line with the HPI for detached houses in the West Suffolk local authority area.
• The July 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 38 LOWTHER STREET has not materially changed since July 2021.

How Large is 38 LOWTHER STREET?

38 LOWTHER STREET is 79m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% of detached houses houses in Newmarket, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newmarket, and where 38 LOWTHER STREET lies on this distribution: 16% of detached houses houses are smaller than 38 LOWTHER STREET, and 82% of houses are larger. Note that EPC data is not available for all properties in Newmarket.

38 LOWTHER STREET: Plot and Title Map

38 LOWTHER STREET sits on a plot of roughly 0.018 of an acre, or 72m². The below map shows the location of 38 LOWTHER STREET, 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 LOWTHER STREET). 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 LOWTHER STREET?

38 LOWTHER STREET is located in NEWMARKET, in the CB8 postcode district. The below map shows the position of No. 38 on LOWTHER STREET.