16, FARM CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8RP - £402,500

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 FARM CLOSE is a very large extended detached house of 138m², built sometime between 1983 and 1990, which could now be worth an estimated £398,740. It was last sold for £402,500 in August 2023, which was around 6% below the average August 2023 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

16 FARM CLOSE Sold Prices

Land registry data shows two sales for 16 FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 16 FARM 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
2023 15 AUG	£402,500	£427,035	6% below HPI
2014 19 SEP	£280,000	£282,948	1% below HPI

16 FARM 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 two 16 FARM CLOSE sales from September 2014 and August 2023 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 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2023 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 16 FARM CLOSE be worth now?

16 FARM CLOSE might now be worth an estimated £398,740.

This is based on house price deflation of 0.9%, between August 2023 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 0.9% deflationary decrease is applied to the most recent sale price for 16 FARM CLOSE of £402,500 on 15th August 2023. For the value to have decreased from £402,500 to £398,740 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 16 FARM CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2023 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 16 FARM CLOSE has not materially changed since August 2023.

How Large is 16 FARM CLOSE?

16 FARM CLOSE is 138m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 20% 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 FARM CLOSE lies on this distribution: 83% of detached houses houses are smaller than 16 FARM CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 FARM CLOSE: Plot and Title Map

16 FARM CLOSE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of 16 FARM 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 16 FARM 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 16 FARM CLOSE?

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