11, GLEBE CLOSE, LOWESTOFT, NR32 4NU - £315,000

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.

11 GLEBE CLOSE is a midsized extended detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £365,985. It was last sold for £315,000 in October 2018, which was around 12% below the average October 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

11 GLEBE CLOSE Sold Prices

Land registry data shows five sales for 11 GLEBE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the five 11 GLEBE 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
2018 4 OCT	£315,000	£358,768	12% below HPI
2009 31 MAR	£171,000	£229,191	25% below HPI
2006 3 NOV	£192,000	£241,177	20% below HPI
2002 4 SEP	£132,000	£167,067	21% below HPI
1998 12 JUN	£58,000	£87,226	34% below HPI

11 GLEBE 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 five 11 GLEBE CLOSE sales between June 1998 and October 2018 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 2009 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2018 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 11 GLEBE CLOSE be worth now?

11 GLEBE CLOSE might now be worth an estimated £365,985.

This is based on house price inflation of 16.2%, between October 2018 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 16.2% inflationary increase is applied to the most recent sale price for 11 GLEBE CLOSE of £315,000 on 4th October 2018. For the value to have increased from £315,000 to £365,985 over the seven years and four months to June 2025, the following assumptions must hold true:

• The value of 11 GLEBE CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2018 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 11 GLEBE CLOSE has not materially changed since October 2018.

How Large is 11 GLEBE CLOSE?

11 GLEBE CLOSE is 101m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 50% 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 11 GLEBE CLOSE lies on this distribution: 55% of detached houses houses are smaller than 11 GLEBE CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

11 GLEBE CLOSE: Plot and Title Map

11 GLEBE CLOSE sits on a plot of roughly 0.151 of an acre, or 613m². The below map shows the location of 11 GLEBE 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 11 GLEBE 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 11 GLEBE CLOSE?

11 GLEBE CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 11 on GLEBE CLOSE.