8, ANDREW WAY, LOWESTOFT, NR33 8PY - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 ANDREW WAY is a small extended detached house of 84m², built sometime between 1950 and 1966. It was last sold for £225,000 in May 2018, which was around 34% below the average May 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

8 ANDREW WAY Sold Prices

Land registry data shows two sales for 8 ANDREW WAY 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 8 ANDREW WAY 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 25 MAY	£225,000	£342,867	34% below HPI
2003 31 OCT	£133,500	£197,051	32% below HPI

8 ANDREW WAY 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 8 ANDREW WAY sales from October 2003 and May 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 October 2003 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 8 ANDREW WAY?

8 ANDREW WAY is 84m², which includes three extensions, according to the EPC inspection conducted in November 2017. This puts it in the smallest 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 8 ANDREW WAY lies on this distribution: 36% of detached houses are smaller than 8 ANDREW WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 ANDREW WAY: Plot and Title Map

8 ANDREW WAY sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 8 ANDREW WAY, 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 8 ANDREW WAY). 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 8 ANDREW WAY?

8 ANDREW WAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 8 on ANDREW WAY.