16, GLOUCESTER AVENUE, LOWESTOFT, NR32 4SH - £240,000

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 GLOUCESTER AVENUE is a very small semi-detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £246,494. It was last sold for £240,000 in February 2022, which was around 8% below the average February 2022 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was B.

16 GLOUCESTER AVENUE Sold Prices

Land registry data shows two sales for 16 GLOUCESTER AVENUE 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 16 GLOUCESTER AVENUE 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
2022 21 FEB	£240,000	£260,346	8% below HPI
2021 4 MAY	£170,000	£240,840	29% below HPI

16 GLOUCESTER AVENUE 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 16 GLOUCESTER AVENUE sales from May 2021 and February 2022 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 May 2021 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 16 GLOUCESTER AVENUE be worth now?

16 GLOUCESTER AVENUE might now be worth an estimated £246,494.

This is based on house price inflation of 2.7%, between February 2022 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 2.7% inflationary increase is applied to the most recent sale price for 16 GLOUCESTER AVENUE of £240,000 on 21st February 2022. For the value to have increased from £240,000 to £246,494 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 16 GLOUCESTER AVENUE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The February 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GLOUCESTER AVENUE has not materially changed since February 2022.

How Large is 16 GLOUCESTER AVENUE?

16 GLOUCESTER AVENUE is 71m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 16 GLOUCESTER AVENUE lies on this distribution: 18% of semi-detached houses houses are smaller than 16 GLOUCESTER AVENUE, and 81% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 GLOUCESTER AVENUE: Plot and Title Map

16 GLOUCESTER AVENUE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 16 GLOUCESTER AVENUE, 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 GLOUCESTER AVENUE). 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 GLOUCESTER AVENUE?

16 GLOUCESTER AVENUE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 16 on GLOUCESTER AVENUE.