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
7 CHEDGRAVE ROAD is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £182,500 in February 2020, which was around 48% below the average February 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 7 CHEDGRAVE ROAD since 1st 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 7 CHEDGRAVE ROAD 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 |
---|---|---|---|
2020 19 FEB | £182,500 | £350,119 | 48% below HPI |
2001 1 JUN | £70,000 | £129,058 | 46% below HPI |
1997 29 AUG | £44,500 | £83,677 | 47% below HPI |
The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 7 CHEDGRAVE ROAD sales between August 1997 and February 2020 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 June 2001 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2020 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.
7 CHEDGRAVE ROAD is 56m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 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 7 CHEDGRAVE ROAD lies on this distribution: 2% of detached houses are smaller than 7 CHEDGRAVE ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.
7 CHEDGRAVE ROAD sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 7 CHEDGRAVE ROAD, 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 7 CHEDGRAVE ROAD). 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.
7 CHEDGRAVE ROAD is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 7 on CHEDGRAVE ROAD.