5, PRIORS CLOSE, LOWESTOFT, NR32 4NT - £320,000

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 PRIORS CLOSE is a very large extended detached house of 164m², built sometime between 1967 and 1975. It was last sold for £320,000 in November 2018, which was around 11% below the average November 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

5 PRIORS CLOSE Sold Prices

Land registry data shows three sales for 5 PRIORS 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. One of the three 5 PRIORS CLOSE sales was for below the average price, whilst two were for above 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
2018 30 NOV	£320,000	£357,827	11% below HPI
2003 19 MAY	£189,995	£184,148	3% above HPI
1999 16 DEC	£105,000	£102,225	3% above HPI

5 PRIORS 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 PRIORS CLOSE sales between December 1999 and November 2018 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 May 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2018 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 5 PRIORS CLOSE?

5 PRIORS CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% 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 PRIORS CLOSE lies on this distribution: 92% of detached houses are smaller than 5 PRIORS CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 PRIORS CLOSE: Plot and Title Map

5 PRIORS CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 5 PRIORS 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 PRIORS 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 PRIORS CLOSE?

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