41, THE AVENUE, LOWESTOFT, NR33 7LH - £385,000

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

41 THE AVENUE is a midsized extended detached house of 100m², built sometime between 1950 and 1966. It was last sold for £385,000 in December 2021, which was around 5% below the average December 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

41 THE AVENUE Sold Prices

Land registry data shows four sales for 41 THE AVENUE 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 41 THE AVENUE 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 17 DEC	£385,000	£404,862	5% below HPI
2005 7 OCT	£198,195	£227,208	13% below HPI
1999 23 NOV	£98,500	£100,119	2% below HPI
1996 6 JUN	£68,000	£73,908	8% below HPI

41 THE AVENUE 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 41 THE AVENUE sales between June 1996 and December 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 October 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 41 THE AVENUE?

41 THE AVENUE is 100m², which includes one extension, according to the EPC inspection conducted in August 2021. 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 41 THE AVENUE lies on this distribution: 53% of detached houses are smaller than 41 THE AVENUE, and 45% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

41 THE AVENUE: Plot and Title Map

41 THE AVENUE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 41 THE AVENUE, 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 41 THE AVENUE). 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 41 THE AVENUE?

41 THE AVENUE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 41 on THE AVENUE.