5, HOLLOWELL CLOSE, OULTON, LOWESTOFT, NR32 3RB - £325,000

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.

5 HOLLOWELL CLOSE is a small detached house of 76m², built sometime from 2007 onwards, which could now be worth an estimated £339,544. It was last sold for £325,000 in December 2021, which was around 20% below the average December 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

5 HOLLOWELL CLOSE Sold Prices

Land registry data shows four sales for 5 HOLLOWELL CLOSE 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 5 HOLLOWELL CLOSE 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 13 DEC	£325,000	£404,925	20% below HPI
2018 10 SEP	£213,500	£357,765	40% below HPI
2006 6 OCT	£153,000	£237,597	36% below HPI
2001 18 JUL	£89,950	£130,946	31% below HPI

5 HOLLOWELL 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 four 5 HOLLOWELL CLOSE sales between July 2001 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 September 2018 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the December 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 5 HOLLOWELL CLOSE be worth now?

5 HOLLOWELL CLOSE might now be worth an estimated £339,544.

This is based on house price inflation of 4.5%, between December 2021 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 4.5% inflationary increase is applied to the most recent sale price for 5 HOLLOWELL CLOSE of £325,000 on 13th December 2021. For the value to have increased from £325,000 to £339,544 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 HOLLOWELL CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The December 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 HOLLOWELL CLOSE has not materially changed since December 2021.

How Large is 5 HOLLOWELL CLOSE?

5 HOLLOWELL CLOSE is 76m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 30% 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 HOLLOWELL CLOSE lies on this distribution: 25% of detached houses houses are smaller than 5 HOLLOWELL CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 HOLLOWELL CLOSE: Plot and Title Map

5 HOLLOWELL CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 5 HOLLOWELL 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 HOLLOWELL 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 HOLLOWELL CLOSE?

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