51, MONARCH WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GH - £246,500

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

51 MONARCH WAY is a large extended detached house of 116m², built sometime between 1996 and 2002. It was last sold for £246,500 in July 2021, which was around 34% below the average July 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was C.

51 MONARCH WAY Sold Prices

Land registry data shows three sales for 51 MONARCH WAY 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 51 MONARCH WAY 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 2 JUL	£246,500	£372,923	34% below HPI
2006 21 JUL	£160,000	£231,620	31% below HPI
2004 4 JUN	£144,500	£214,961	33% below HPI

51 MONARCH WAY 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 51 MONARCH WAY sales between June 2004 and July 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 July 2006 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 51 MONARCH WAY?

51 MONARCH WAY is 116m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 40% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 51 MONARCH WAY lies on this distribution: 69% of detached houses are smaller than 51 MONARCH WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

51 MONARCH WAY: Plot and Title Map

51 MONARCH WAY sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 51 MONARCH WAY, 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 51 MONARCH WAY). 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 51 MONARCH WAY?

51 MONARCH WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 51 on MONARCH WAY.