7A, HALL LANE, OULTON, LOWESTOFT, NR32 3AT - £254,000

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

7A HALL LANE is a small detached house of 75m², built sometime from 2007 onwards. It was last sold for £254,000 in March 2021, which was around 32% below the average March 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

7A HALL LANE Sold Prices

Land registry data shows three sales for 7A HALL LANE 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 7A HALL LANE 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
2021 18 MAR	£254,000	£371,419	32% below HPI
2009 16 JUN	£220,000	£222,734	1% below HPI
2004 12 MAY	£146,000	£211,686	31% below HPI

7A HALL LANE 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 7A HALL LANE sales between May 2004 and March 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 June 2009 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 7A HALL LANE?

7A HALL LANE is 75m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 7A HALL LANE lies on this distribution: 23% of detached houses are smaller than 7A HALL LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7A HALL LANE: Plot and Title Map

7A HALL LANE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 7A HALL LANE, 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 7A HALL LANE). 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 7A HALL LANE?

7A HALL LANE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 7A on HALL LANE.