38, TOWNSEND WAY, LOWESTOFT, NR32 4GF - £350,000

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 TOWNSEND WAY is a large extended semi-detached house of 119m², built sometime between 1996 and 2002. It was last sold for £350,000 in December 2022, which was around 21% below the average December 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

38 TOWNSEND WAY Sold Prices

Land registry data shows four sales for 38 TOWNSEND WAY 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 38 TOWNSEND 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
2022 19 DEC	£350,000	£441,323	21% below HPI
2012 21 MAR	£190,000	£251,707	25% below HPI
2009 10 MAR	£175,000	£229,156	24% below HPI
2003 21 NOV	£139,950	£200,274	30% below HPI

38 TOWNSEND 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 four 38 TOWNSEND WAY sales between November 2003 and December 2022 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 38 TOWNSEND WAY?

38 TOWNSEND WAY is 119m², which includes one extension, according to the EPC inspection conducted in September 2022. 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 38 TOWNSEND WAY lies on this distribution: 71% of detached houses are smaller than 38 TOWNSEND WAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

38 TOWNSEND WAY: Plot and Title Map

38 TOWNSEND WAY sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 38 TOWNSEND 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 TOWNSEND 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 TOWNSEND WAY?

38 TOWNSEND WAY is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 38 on TOWNSEND WAY.