7, LOTHINGLAND CLOSE, LOWESTOFT, NR32 3RH - £290,000

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 LOTHINGLAND CLOSE is a midsized detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £341,370. It was last sold for £290,000 in July 2020, which was around 19% below the average July 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

7 LOTHINGLAND CLOSE Sold Prices

Land registry data shows four sales for 7 LOTHINGLAND 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 LOTHINGLAND 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
2020 10 JUL	£290,000	£357,467	19% below HPI
2004 7 APR	£198,500	£207,974	5% below HPI
2004 8 JAN	£55,000	£201,125	73% below HPI
2002 1 AUG	£124,761	£162,033	23% below HPI

7 LOTHINGLAND 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 LOTHINGLAND CLOSE sales between August 2002 and July 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 April 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 7 LOTHINGLAND CLOSE be worth now?

7 LOTHINGLAND CLOSE might now be worth an estimated £341,370.

This is based on house price inflation of 17.7%, between July 2020 and July 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 17.7% inflationary increase is applied to the most recent sale price for 7 LOTHINGLAND CLOSE of £290,000 on 10th July 2020. For the value to have increased from £290,000 to £341,370 over the five years to July 2025, the following assumptions must hold true:

• The value of 7 LOTHINGLAND CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2020 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LOTHINGLAND CLOSE has not materially changed since July 2020.

How Large is 7 LOTHINGLAND CLOSE?

7 LOTHINGLAND CLOSE is 103m² according to the EPC inspection conducted in May 2020. This puts it in the largest 50% 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 LOTHINGLAND CLOSE lies on this distribution: 57% of detached houses houses are smaller than 7 LOTHINGLAND CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 LOTHINGLAND CLOSE: Plot and Title Map

7 LOTHINGLAND CLOSE sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 7 LOTHINGLAND 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 LOTHINGLAND 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 LOTHINGLAND CLOSE?

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