7, UNDERWOOD CLOSE, LOWESTOFT, NR32 4GE - £143,000

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 UNDERWOOD CLOSE is a very small extended semi-detached house of 53m², built sometime between 1996 and 2002, which could now be worth an estimated £183,607. It was last sold for £143,000 in February 2018, which was around 34% below the average February 2018 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

7 UNDERWOOD CLOSE Sold Prices

Land registry data shows two sales for 7 UNDERWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 7 UNDERWOOD 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
2018 14 FEB	£143,000	£217,335	34% below HPI
2003 23 DEC	£87,950	£126,637	31% below HPI

7 UNDERWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 7 UNDERWOOD CLOSE sales from December 2003 and February 2018 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 December 2003 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 7 UNDERWOOD CLOSE be worth now?

7 UNDERWOOD CLOSE might now be worth an estimated £183,607.

This is based on house price inflation of 28.4%, between February 2018 and February 2025, for semi-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 28.4% inflationary increase is applied to the most recent sale price for 7 UNDERWOOD CLOSE of £143,000 on 14th February 2018. For the value to have increased from £143,000 to £183,607 over the seven years to February 2025, the following assumptions must hold true:

• The value of 7 UNDERWOOD CLOSE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The February 2018 sale price of £143,000 represented a fair market value for the property.
• The size, condition, and specification of 7 UNDERWOOD CLOSE has not materially changed since February 2018.

How Large is 7 UNDERWOOD CLOSE?

7 UNDERWOOD CLOSE is 53m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 10% of semi-detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lowestoft, and where 7 UNDERWOOD CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 7 UNDERWOOD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 UNDERWOOD CLOSE: Plot and Title Map

7 UNDERWOOD CLOSE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 7 UNDERWOOD 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 UNDERWOOD 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 UNDERWOOD CLOSE?

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