1, FARM CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8RP - £289,995

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 FARM CLOSE is a large extended detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £378,019. It was last sold for £289,995 in October 2016, which was around 11% below the average October 2016 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

1 FARM CLOSE Sold Prices

Land registry data shows two sales for 1 FARM 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 1 FARM 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
2016 12 OCT	£289,995	£324,537	11% below HPI
2008 10 MAR	£248,000	£257,765	4% below HPI

1 FARM 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 1 FARM CLOSE sales from March 2008 and October 2016 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 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 1 FARM CLOSE be worth now?

1 FARM CLOSE might now be worth an estimated £378,019.

This is based on house price inflation of 30.4%, between October 2016 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 30.4% inflationary increase is applied to the most recent sale price for 1 FARM CLOSE of £289,995 on 12th October 2016. For the value to have increased from £289,995 to £378,019 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 FARM CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2016 sale price of £289,995 represented a fair market value for the property.
• The size, condition, and specification of 1 FARM CLOSE has not materially changed since October 2016.

How Large is 1 FARM CLOSE?

1 FARM CLOSE is 130m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 30% 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 FARM CLOSE lies on this distribution: 79% of detached houses houses are smaller than 1 FARM CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 FARM CLOSE: Plot and Title Map

1 FARM CLOSE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 1 FARM 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 FARM 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 FARM CLOSE?

1 FARM CLOSE is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 1 on FARM CLOSE.