16, AVELING WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8BU - £330,000

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.

16 AVELING WAY is a large extended detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £410,538. It was last sold for £330,000 in May 2019, which was around 3% below the average May 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

16 AVELING WAY Sold Prices

Land registry data shows four sales for 16 AVELING WAY 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 16 AVELING WAY 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
2019 17 MAY	£330,000	£340,054	3% below HPI
2014 28 FEB	£250,000	£262,853	5% below HPI
2009 11 DEC	£230,000	£239,754	4% below HPI
2006 19 OCT	£229,950	£237,597	3% below HPI

16 AVELING WAY 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 16 AVELING WAY sales between October 2006 and May 2019 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 February 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2019 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 16 AVELING WAY be worth now?

16 AVELING WAY might now be worth an estimated £410,538.

This is based on house price inflation of 24.4%, between May 2019 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 24.4% inflationary increase is applied to the most recent sale price for 16 AVELING WAY of £330,000 on 17th May 2019. For the value to have increased from £330,000 to £410,538 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 16 AVELING WAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2019 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 16 AVELING WAY has not materially changed since May 2019.

How Large is 16 AVELING WAY?

16 AVELING WAY is 112m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the largest 40% 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 16 AVELING WAY lies on this distribution: 66% of detached houses houses are smaller than 16 AVELING WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 AVELING WAY: Plot and Title Map

16 AVELING WAY sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 16 AVELING WAY, 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 16 AVELING WAY). 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 16 AVELING WAY?

16 AVELING WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 16 on AVELING WAY.