6, THE HOMESTEAD, CARLTON COLVILLE, LOWESTOFT, NR33 8GP - £400,000

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

6 THE HOMESTEAD is a large detached house of 110m², built sometime between 2003 and 2006. It was last sold for £400,000 in October 2022, which was around 9% below the average October 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

6 THE HOMESTEAD Sold Prices

Land registry data shows two sales for 6 THE HOMESTEAD 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. Both of the two 6 THE HOMESTEAD 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
2022 14 OCT	£400,000	£439,903	9% below HPI
2003 10 DEC	£195,000	£199,289	2% below HPI

6 THE HOMESTEAD 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 6 THE HOMESTEAD sales from December 2003 and October 2022 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 December 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2022 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 6 THE HOMESTEAD?

6 THE HOMESTEAD is 110m² according to the EPC inspection conducted in May 2022. 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 6 THE HOMESTEAD lies on this distribution: 63% of detached houses are smaller than 6 THE HOMESTEAD, and 36% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

6 THE HOMESTEAD: Plot and Title Map

6 THE HOMESTEAD sits on a plot of roughly 0.134 of an acre, or 540m². The below map shows the location of 6 THE HOMESTEAD, 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 6 THE HOMESTEAD). 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 6 THE HOMESTEAD?

6 THE HOMESTEAD is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 6 on THE HOMESTEAD.