7, WEST SIDE CLOSE, LOWESTOFT, NR32 4NS - £315,000

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 WEST SIDE CLOSE is a large extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £315,000 in July 2020, which was around 12% below the average July 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

7 WEST SIDE CLOSE Sold Prices

Land registry data shows two sales for 7 WEST SIDE 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. One of the two 7 WEST SIDE CLOSE sales was for below the average price, whilst the other was for above 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
2020 8 JUL	£315,000	£357,411	12% below HPI
2005 9 JUN	£228,450	£216,267	6% above HPI

7 WEST SIDE 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 WEST SIDE CLOSE sales from June 2005 and July 2020 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 June 2005 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 7 WEST SIDE CLOSE?

7 WEST SIDE CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 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 WEST SIDE CLOSE lies on this distribution: 60% of detached houses are smaller than 7 WEST SIDE CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 WEST SIDE CLOSE: Plot and Title Map

7 WEST SIDE CLOSE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 7 WEST SIDE 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 WEST SIDE 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 WEST SIDE CLOSE?

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