7, ROWNTREE CLOSE, LOWESTOFT, NR32 4GA - £320,000

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 ROWNTREE CLOSE is a very large detached house of 146m², built sometime between 2003 and 2006. It was last sold for £320,000 in January 2021, which was around 14% below the average January 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

7 ROWNTREE CLOSE Sold Prices

Land registry data shows four sales for 7 ROWNTREE 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. The four 7 ROWNTREE CLOSE sales were a mix of below the average price, and roughly equal to 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 29 JAN	£320,000	£373,856	14% below HPI
2015 31 MAR	£250,750	£284,526	12% below HPI
2006 30 OCT	£212,950	£237,560	10% below HPI
2004 11 OCT	£220,950	£221,394	Close to HPI

7 ROWNTREE 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 ROWNTREE CLOSE sales between October 2004 and January 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 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 7 ROWNTREE CLOSE?

7 ROWNTREE CLOSE is 146m² according to the EPC inspection conducted in November 2014. This puts it in the largest 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 ROWNTREE CLOSE lies on this distribution: 86% of detached houses are smaller than 7 ROWNTREE CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 ROWNTREE CLOSE: Plot and Title Map

7 ROWNTREE CLOSE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 7 ROWNTREE 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 ROWNTREE 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 ROWNTREE CLOSE?

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