5, MONKSHOOD CLOSE, LOWESTOFT, NR33 7EF - £118,000

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

5 MONKSHOOD CLOSE is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £118,000 in October 2009, which was around 50% below the average October 2009 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

5 MONKSHOOD CLOSE Sold Prices

Land registry data shows three sales for 5 MONKSHOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 5 MONKSHOOD 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
2009 2 OCT	£118,000	£236,368	50% below HPI
2003 14 OCT	£114,995	£197,051	42% below HPI
2002 26 JUL	£89,950	£158,620	43% below HPI

5 MONKSHOOD 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 three 5 MONKSHOOD CLOSE sales between July 2002 and October 2009 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 2003 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2009 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 5 MONKSHOOD CLOSE?

5 MONKSHOOD CLOSE is 70m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 5 MONKSHOOD CLOSE lies on this distribution: 17% of detached houses are smaller than 5 MONKSHOOD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 MONKSHOOD CLOSE: Plot and Title Map

5 MONKSHOOD CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 5 MONKSHOOD 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 MONKSHOOD 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 MONKSHOOD CLOSE?

5 MONKSHOOD CLOSE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 5 on MONKSHOOD CLOSE.