5, COTMAN CLOSE, LOWESTOFT, NR32 4NW - £360,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 COTMAN CLOSE is a large extended detached house of 114m², built sometime between 1976 and 1982, which could now be worth an estimated £432,274. It was last sold for £360,000 in June 2020, which was around 2% above the average June 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

5 COTMAN CLOSE Sold Prices

Land registry data shows two sales for 5 COTMAN CLOSE 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. One of the two 5 COTMAN CLOSE sales was for above the average price, whilst the other was 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
2020 25 JUN	£360,000	£352,315	2% above HPI
2000 19 JUN	£73,000	£111,929	35% below HPI

5 COTMAN CLOSE 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 5 COTMAN CLOSE sales from June 2000 and June 2020 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 June 2000 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 5 COTMAN CLOSE be worth now?

5 COTMAN CLOSE might now be worth an estimated £432,274.

This is based on house price inflation of 20.1%, between June 2020 and February 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.1% inflationary increase is applied to the most recent sale price for 5 COTMAN CLOSE of £360,000 on 25th June 2020. For the value to have increased from £360,000 to £432,274 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 5 COTMAN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2020 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 5 COTMAN CLOSE has not materially changed since June 2020.

How Large is 5 COTMAN CLOSE?

5 COTMAN CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 5 COTMAN CLOSE lies on this distribution: 68% of detached houses houses are smaller than 5 COTMAN CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 COTMAN CLOSE: Plot and Title Map

5 COTMAN CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 5 COTMAN CLOSE, 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 5 COTMAN CLOSE). 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 5 COTMAN CLOSE?

5 COTMAN CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 5 on COTMAN CLOSE.