8, ARK CLOSE, KESSINGLAND, LOWESTOFT, NR33 7UR - £275,000

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

8 ARK CLOSE is a large extended detached house of 131m², built sometime between 1996 and 2002. It was last sold for £275,000 in October 2015, which was around 9% below the average October 2015 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

8 ARK CLOSE Sold Prices

Land registry data shows two sales for 8 ARK 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 8 ARK CLOSE sales was for below the average price, whilst the other was roughly equal to 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 19 OCT	£275,000	£302,168	9% below HPI
2001 30 MAY	£129,950	£129,339	Close to HPI

8 ARK 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 8 ARK CLOSE sales from May 2001 and October 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 May 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 8 ARK CLOSE?

8 ARK CLOSE is 131m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 30% of detached houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses by size in Kessingland, and where 8 ARK CLOSE lies on this distribution: 73% of detached houses are smaller than 8 ARK CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

8 ARK CLOSE: Plot and Title Map

8 ARK CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 8 ARK 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 8 ARK 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 8 ARK CLOSE?

8 ARK CLOSE is located in KESSINGLAND, in the NR33 postcode district. The below map shows the position of No. 8 on ARK CLOSE.