7, ROWAN WAY, LOWESTOFT, NR33 8PT - £174,000

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 ROWAN WAY is a midsized extended detached house of 89m², built sometime between 1967 and 1975. It was last sold for £174,000 in July 2013, which was around 32% below the average July 2013 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

7 ROWAN WAY Sold Prices

Land registry data shows three sales for 7 ROWAN 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 ROWAN 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
2013 5 JUL	£174,000	£256,130	32% below HPI
2002 25 APR	£119,995	£147,343	19% below HPI
1998 29 MAY	£63,995	£85,580	25% below HPI

7 ROWAN 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 ROWAN WAY sales between May 1998 and July 2013 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 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2013 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 7 ROWAN WAY?

7 ROWAN WAY is 89m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 50% 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 ROWAN WAY lies on this distribution: 42% of detached houses are smaller than 7 ROWAN WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 ROWAN WAY: Plot and Title Map

7 ROWAN WAY sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 7 ROWAN 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 ROWAN 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 ROWAN WAY?

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