1, AVOCET CLOSE, LOWESTOFT, NR33 8PU - £212,500

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.

1 AVOCET CLOSE is a very small extended detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £240,722. It was last sold for £212,500 in February 2021, which was around 43% below the average February 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

1 AVOCET CLOSE Sold Prices

Land registry data shows three sales for 1 AVOCET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 1 AVOCET 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 1 FEB	£212,500	£373,448	43% below HPI
2004 19 MAR	£140,000	£204,715	32% below HPI
1998 11 JUN	£60,000	£87,226	31% below HPI

1 AVOCET 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 three 1 AVOCET CLOSE sales between June 1998 and February 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 March 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 1 AVOCET CLOSE be worth now?

1 AVOCET CLOSE might now be worth an estimated £240,722.

This is based on house price inflation of 13.3%, between February 2021 and February 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 13.3% inflationary increase is applied to the most recent sale price for 1 AVOCET CLOSE of £212,500 on 1st February 2021. For the value to have increased from £212,500 to £240,722 over the four years to February 2025, the following assumptions must hold true:

• The value of 1 AVOCET CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The February 2021 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 1 AVOCET CLOSE has not materially changed since February 2021.

How Large is 1 AVOCET CLOSE?

1 AVOCET CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% 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 1 AVOCET CLOSE lies on this distribution: 15% of detached houses houses are smaller than 1 AVOCET CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 AVOCET CLOSE: Plot and Title Map

1 AVOCET CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 1 AVOCET 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 1 AVOCET 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 1 AVOCET CLOSE?

1 AVOCET CLOSE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 1 on AVOCET CLOSE.