7, THE WEALD, OULTON, LOWESTOFT, NR32 3HN - £152,000

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 THE WEALD is a small detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £225,965. It was last sold for £152,000 in March 2015, which was around 47% below the average March 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

7 THE WEALD Sold Prices

Land registry data shows two sales for 7 THE WEALD 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 THE WEALD 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
2015 18 MAR	£152,000	£284,570	47% below HPI
2014 14 JAN	£138,000	£262,078	47% below HPI

7 THE WEALD 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 THE WEALD sales from January 2014 and March 2015 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 January 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the March 2015 sale, which was also at 47% below the HPI.

What might 7 THE WEALD be worth now?

7 THE WEALD might now be worth an estimated £225,965.

This is based on house price inflation of 48.7%, between March 2015 and February 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 48.7% inflationary increase is applied to the most recent sale price for 7 THE WEALD of £152,000 on 18th March 2015. For the value to have increased from £152,000 to £225,965 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 7 THE WEALD has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2015 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE WEALD has not materially changed since March 2015.

How Large is 7 THE WEALD?

7 THE WEALD is 76m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 30% 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 THE WEALD lies on this distribution: 25% of detached houses houses are smaller than 7 THE WEALD, and 74% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 THE WEALD: Plot and Title Map

7 THE WEALD sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 7 THE WEALD, 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 THE WEALD). 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 THE WEALD?

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