7, DESMOND CLOSE, LOWESTOFT, NR32 3JY - £176,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 DESMOND CLOSE is a very small detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £214,766. It was last sold for £176,000 in March 2019, which was around 49% below the average March 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

7 DESMOND CLOSE Sold Prices

Land registry data shows four sales for 7 DESMOND CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 7 DESMOND CLOSE 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
2019 20 MAR	£176,000	£347,614	49% below HPI
2003 20 OCT	£114,500	£197,081	42% below HPI
2000 29 JUN	£59,995	£111,929	46% below HPI
1998 21 DEC	£50,000	£91,075	45% below HPI

7 DESMOND 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 four 7 DESMOND CLOSE sales between December 1998 and March 2019 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 October 2003 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2019 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 7 DESMOND CLOSE be worth now?

7 DESMOND CLOSE might now be worth an estimated £214,766.

This is based on house price inflation of 22%, between March 2019 and March 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22% inflationary increase is applied to the most recent sale price for 7 DESMOND CLOSE of £176,000 on 20th March 2019. For the value to have increased from £176,000 to £214,766 over the six years to March 2025, the following assumptions must hold true:

• The value of 7 DESMOND CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2019 sale price of £176,000 represented a fair market value for the property.
• The size, condition, and specification of 7 DESMOND CLOSE has not materially changed since March 2019.

How Large is 7 DESMOND CLOSE?

7 DESMOND CLOSE is 66m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 7 DESMOND CLOSE lies on this distribution: 12% of detached houses houses are smaller than 7 DESMOND CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 DESMOND CLOSE: Plot and Title Map

7 DESMOND CLOSE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 7 DESMOND 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 7 DESMOND 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 7 DESMOND CLOSE?

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