8, PADDOCK WOOD CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8RE - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 PADDOCK WOOD CLOSE is a small extended detached house of 85m², built sometime between 1983 and 1990, which could now be worth an estimated £293,326. It was last sold for £260,000 in July 2021, which was around 30% below the average July 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

8 PADDOCK WOOD CLOSE Sold Prices

Land registry data shows two sales for 8 PADDOCK WOOD 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. Both of the two 8 PADDOCK WOOD CLOSE 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 14 JUL	£260,000	£372,981	30% below HPI
2016 17 OCT	£192,500	£324,537	41% below HPI

8 PADDOCK WOOD 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 PADDOCK WOOD CLOSE sales from October 2016 and July 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 October 2016 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 8 PADDOCK WOOD CLOSE be worth now?

8 PADDOCK WOOD CLOSE might now be worth an estimated £293,326.

This is based on house price inflation of 12.8%, between July 2021 and July 2025, for detached houses, in the East Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.8% inflationary increase is applied to the most recent sale price for 8 PADDOCK WOOD CLOSE of £260,000 on 14th July 2021. For the value to have increased from £260,000 to £293,326 over the four years to July 2025, the following assumptions must hold true:

• The value of 8 PADDOCK WOOD CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PADDOCK WOOD CLOSE has not materially changed since July 2021.

How Large is 8 PADDOCK WOOD CLOSE?

8 PADDOCK WOOD CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 40% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 8 PADDOCK WOOD CLOSE lies on this distribution: 37% of detached houses houses are smaller than 8 PADDOCK WOOD CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 PADDOCK WOOD CLOSE: Plot and Title Map

8 PADDOCK WOOD CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 8 PADDOCK WOOD 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 PADDOCK WOOD 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 PADDOCK WOOD CLOSE?

8 PADDOCK WOOD CLOSE is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 8 on PADDOCK WOOD CLOSE.