8, GRAMPIAN WAY, OULTON, LOWESTOFT, NR32 3EW - £200,000

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 GRAMPIAN WAY is a small extended detached house of 82m², built sometime between 1976 and 1982. It was last sold for £200,000 in November 2020, which was around 47% below the average November 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

8 GRAMPIAN WAY Sold Prices

Land registry data shows two sales for 8 GRAMPIAN 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 GRAMPIAN 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
2020 6 NOV	£200,000	£379,967	47% below HPI
1996 10 SEP	£60,000	£74,696	20% below HPI

8 GRAMPIAN 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 GRAMPIAN WAY sales from September 1996 and November 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 September 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2020 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 8 GRAMPIAN WAY?

8 GRAMPIAN WAY is 82m², which includes two extensions, according to the EPC inspection conducted in July 2020. 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 GRAMPIAN WAY lies on this distribution: 33% of detached houses are smaller than 8 GRAMPIAN WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 GRAMPIAN WAY: Plot and Title Map

8 GRAMPIAN WAY sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 8 GRAMPIAN 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 GRAMPIAN 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 GRAMPIAN WAY?

8 GRAMPIAN WAY is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 8 on GRAMPIAN WAY.