15, SPEEDWELL CLOSE, LOWESTOFT, NR33 7DU - £218,000

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 SPEEDWELL CLOSE is a very small detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £242,323. It was last sold for £218,000 in June 2021, which was around 43% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

15 SPEEDWELL CLOSE Sold Prices

Land registry data shows four sales for 15 SPEEDWELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 15 SPEEDWELL 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
2021 4 JUN	£218,000	£380,583	43% below HPI
2014 7 NOV	£164,950	£286,784	42% below HPI
1999 22 NOV	£56,995	£100,135	43% below HPI
1998 11 SEP	£49,500	£91,440	46% below HPI

15 SPEEDWELL 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 four 15 SPEEDWELL CLOSE sales between September 1998 and June 2021 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 November 2014 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the June 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 15 SPEEDWELL CLOSE be worth now?

15 SPEEDWELL CLOSE might now be worth an estimated £242,323.

This is based on house price inflation of 11.2%, between June 2021 and February 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 11.2% inflationary increase is applied to the most recent sale price for 15 SPEEDWELL CLOSE of £218,000 on 4th June 2021. For the value to have increased from £218,000 to £242,323 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 15 SPEEDWELL CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPEEDWELL CLOSE has not materially changed since June 2021.

How Large is 15 SPEEDWELL CLOSE?

15 SPEEDWELL CLOSE is 59m² according to the EPC inspection conducted in November 2020. 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 15 SPEEDWELL CLOSE lies on this distribution: 4% of detached houses houses are smaller than 15 SPEEDWELL CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

15 SPEEDWELL CLOSE: Plot and Title Map

15 SPEEDWELL CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 15 SPEEDWELL 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 15 SPEEDWELL 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 15 SPEEDWELL CLOSE?

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