1, PRIORS CLOSE, LOWESTOFT, NR32 4NT - £382,000

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.

1 PRIORS CLOSE is a very large extended detached house of 143m², built sometime between 1967 and 1975, which could now be worth an estimated £386,766. It was last sold for £382,000 in March 2022, which was around 7% below the average March 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

1 PRIORS CLOSE Sold Prices

Land registry data shows two sales for 1 PRIORS 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 PRIORS 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
2022 14 MAR	£382,000	£411,700	7% below HPI
2019 7 JUN	£250,000	£344,273	27% below HPI

1 PRIORS 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 PRIORS CLOSE sales from June 2019 and March 2022 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 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 1 PRIORS CLOSE be worth now?

1 PRIORS CLOSE might now be worth an estimated £386,766.

This is based on house price inflation of 1.2%, between March 2022 and June 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 1.2% inflationary increase is applied to the most recent sale price for 1 PRIORS CLOSE of £382,000 on 14th March 2022. For the value to have increased from £382,000 to £386,766 over the two years and nine months to June 2025, the following assumptions must hold true:

• The value of 1 PRIORS CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2022 sale price of £382,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PRIORS CLOSE has not materially changed since March 2022.

How Large is 1 PRIORS CLOSE?

1 PRIORS CLOSE is 143m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 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 PRIORS CLOSE lies on this distribution: 85% of detached houses houses are smaller than 1 PRIORS CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 PRIORS CLOSE: Plot and Title Map

1 PRIORS CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 1 PRIORS 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 PRIORS 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 PRIORS CLOSE?

1 PRIORS CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 1 on PRIORS CLOSE.