7, NEWLANDS CLOSE, LOWESTOFT, NR33 7EY - £153,000

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 NEWLANDS CLOSE is a small semi-detached house of 87m², built sometime between 1950 and 1966. It was last sold for £153,000 in January 2014, which was around 42% below the average January 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

7 NEWLANDS CLOSE Sold Prices

Land registry data shows two sales for 7 NEWLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 7 NEWLANDS 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
2014 10 JAN	£153,000	£262,038	42% below HPI
2005 12 MAY	£124,000	£215,741	43% below HPI

7 NEWLANDS 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 two 7 NEWLANDS CLOSE sales from May 2005 and January 2014 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 May 2005 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the January 2014 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 7 NEWLANDS CLOSE?

7 NEWLANDS CLOSE is 87m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 40% 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 NEWLANDS CLOSE lies on this distribution: 39% of detached houses are smaller than 7 NEWLANDS CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 NEWLANDS CLOSE: Plot and Title Map

7 NEWLANDS CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 7 NEWLANDS 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 NEWLANDS 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 NEWLANDS CLOSE?

7 NEWLANDS CLOSE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 7 on NEWLANDS CLOSE.