1, MONARCH WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GH - £470,000

1 MONARCH WAY is a very large extended detached house of 231m², built sometime between 1996 and 2002. It was last sold for £470,000 in March 2023, which was around 5% above the average March 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

1 MONARCH WAY Sold Prices

Land registry data shows three sales for 1 MONARCH WAY 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. Two of the three 1 MONARCH WAY sales were for above the average price, whilst one was 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
2023 22 MAR	£470,000	£449,486	5% above HPI
2012 23 JAN	£210,000	£260,137	19% below HPI
2005 29 APR	£223,950	£217,897	3% above HPI

1 MONARCH 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 three 1 MONARCH WAY sales between April 2005 and March 2023 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 January 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2023 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 1 MONARCH WAY?

1 MONARCH WAY is 231m², which includes two extensions, according to the EPC inspection conducted in August 2022. 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 1 MONARCH WAY lies on this distribution: 98% of detached houses are smaller than 1 MONARCH WAY, and 2% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 MONARCH WAY: Plot and Title Map

1 MONARCH WAY sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 1 MONARCH 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 1 MONARCH 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 1 MONARCH WAY?

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