SILVERWOOD, STANTON CLOSE, LOWESTOFT, NR32 4JZ - £250,000

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

SILVERWOOD is a very large extended detached house of 166m², built sometime between 1950 and 1966. It was last sold for £250,000 in May 2019, which was around 26% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

SILVERWOOD Sold Prices

Land registry data shows two sales for SILVERWOOD 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 SILVERWOOD 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
2019 24 MAY	£250,000	£340,002	26% below HPI
1998 17 JUN	£78,000	£87,213	11% below HPI

SILVERWOOD 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 SILVERWOOD sales from June 1998 and May 2019 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 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2019 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is SILVERWOOD?

SILVERWOOD is 166m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where SILVERWOOD lies on this distribution: 92% of detached houses are smaller than SILVERWOOD, and 8% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

SILVERWOOD: Plot and Title Map

SILVERWOOD sits on a plot of roughly 0.192 of an acre, or 775m². The below map shows the location of SILVERWOOD, 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 SILVERWOOD). 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 SILVERWOOD?

SILVERWOOD is located on STANTON CLOSE in LOWESTOFT, in the NR32 postcode district. The below map shows the position of SILVERWOOD on STANTON CLOSE.