1, THE GAP, LOWESTOFT, NR33 9AU - £150,000

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 THE GAP is a very small detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £236,155. It was last sold for £150,000 in April 2014, which was around 43% below the average April 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

1 THE GAP Sold Prices

Land registry data shows three sales for 1 THE GAP 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 THE GAP 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
2014 17 APR	£150,000	£264,765	43% below HPI
2001 28 SEP	£74,995	£139,873	46% below HPI
2000 26 APR	£54,995	£105,016	48% below HPI

1 THE GAP 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 THE GAP sales between April 2000 and April 2014 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 September 2001 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the April 2014 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 1 THE GAP be worth now?

1 THE GAP might now be worth an estimated £236,155.

This is based on house price inflation of 57.4%, between April 2014 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 57.4% inflationary increase is applied to the most recent sale price for 1 THE GAP of £150,000 on 17th April 2014. For the value to have increased from £150,000 to £236,155 over the ten years and ten months to June 2025, the following assumptions must hold true:

• The value of 1 THE GAP has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The April 2014 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE GAP has not materially changed since April 2014.

How Large is 1 THE GAP?

1 THE GAP is 59m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% 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 THE GAP lies on this distribution: 4% of detached houses houses are smaller than 1 THE GAP, and 95% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 THE GAP: Plot and Title Map

1 THE GAP sits on a plot of roughly 0.193 of an acre, or 782m². The below map shows the location of 1 THE GAP, 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 THE GAP). 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 THE GAP?

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