7, HOLLOWELL CLOSE, OULTON, LOWESTOFT, NR32 3RB - £270,000

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 HOLLOWELL CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £270,000 in September 2021, which was around 29% below the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

7 HOLLOWELL CLOSE Sold Prices

Land registry data shows three sales for 7 HOLLOWELL CLOSE 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 HOLLOWELL 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
2021 24 SEP	£270,000	£378,972	29% below HPI
2017 31 MAR	£215,000	£328,526	35% below HPI
2000 26 OCT	£87,000	£117,564	26% below HPI

7 HOLLOWELL 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 three 7 HOLLOWELL CLOSE sales between October 2000 and September 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 March 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 HOLLOWELL CLOSE?

7 HOLLOWELL CLOSE is 72m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% 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 HOLLOWELL CLOSE lies on this distribution: 19% of detached houses are smaller than 7 HOLLOWELL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 HOLLOWELL CLOSE: Plot and Title Map

7 HOLLOWELL CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 7 HOLLOWELL 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 HOLLOWELL 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 HOLLOWELL CLOSE?

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