15, SMITHS WALK, LOWESTOFT, NR33 8QN - £160,000

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.

15 SMITHS WALK is a very small semi-detached house of 59m², built sometime between 1983 and 1990, which could now be worth an estimated £188,977. It was last sold for £160,000 in August 2018, which was around 29% below the average August 2018 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

15 SMITHS WALK Sold Prices

Land registry data shows two sales for 15 SMITHS WALK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 15 SMITHS WALK 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 24 AUG	£160,000	£226,389	29% below HPI
2012 15 JUN	£113,000	£161,698	30% below HPI

15 SMITHS WALK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 15 SMITHS WALK sales from June 2012 and August 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 June 2012 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2018 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 15 SMITHS WALK be worth now?

15 SMITHS WALK might now be worth an estimated £188,977.

This is based on house price inflation of 18.1%, between August 2018 and May 2026, for semi-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 18.1% inflationary increase is applied to the most recent sale price for 15 SMITHS WALK of £160,000 on 24th August 2018. For the value to have increased from £160,000 to £188,977 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 15 SMITHS WALK has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The August 2018 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SMITHS WALK has not materially changed since August 2018.

How Large is 15 SMITHS WALK?

15 SMITHS WALK is 59m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of semi-detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lowestoft, and where 15 SMITHS WALK lies on this distribution: 4% of semi-detached houses houses are smaller than 15 SMITHS WALK, and 95% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

15 SMITHS WALK: Plot and Title Map

15 SMITHS WALK sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 15 SMITHS WALK, 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 15 SMITHS WALK). 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 15 SMITHS WALK?

15 SMITHS WALK is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 15 on SMITHS WALK.