7, CLOVER WAY, LOWESTOFT, NR32 4JS - £243,000

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

7 CLOVER WAY is a small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £243,000 in May 2017, which was around 27% below the average May 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

7 CLOVER WAY Sold Prices

Land registry data shows three sales for 7 CLOVER 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 7 CLOVER 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
2017 23 MAY	£243,000	£331,801	27% below HPI
2013 6 DEC	£189,950	£264,743	28% below HPI
2004 26 JAN	£154,950	£201,094	23% below HPI

7 CLOVER 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 7 CLOVER WAY sales between January 2004 and May 2017 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 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2017 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 7 CLOVER WAY?

7 CLOVER WAY is 75m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 30% 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 CLOVER WAY lies on this distribution: 23% of detached houses are smaller than 7 CLOVER WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 CLOVER WAY: Plot and Title Map

7 CLOVER WAY sits on a plot of roughly 0.102 of an acre, or 415m². The below map shows the location of 7 CLOVER 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 7 CLOVER 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 7 CLOVER WAY?

7 CLOVER WAY is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 7 on CLOVER WAY.