16, THE WEALD, OULTON, LOWESTOFT, NR32 3HN - £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.

16 THE WEALD is a small extended semi-detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £248,623. It was last sold for £218,000 in August 2021, which was around 11% below the average August 2021 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

16 THE WEALD Sold Prices

Land registry data shows two sales for 16 THE WEALD 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 THE WEALD 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 6 AUG	£218,000	£244,679	11% below HPI
2014 10 JUL	£130,000	£174,936	26% below HPI

16 THE WEALD 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 THE WEALD sales from July 2014 and August 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 July 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 16 THE WEALD be worth now?

16 THE WEALD might now be worth an estimated £248,623.

This is based on house price inflation of 14%, between August 2021 and February 2025, 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 14% inflationary increase is applied to the most recent sale price for 16 THE WEALD of £218,000 on 6th August 2021. For the value to have increased from £218,000 to £248,623 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 16 THE WEALD has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The August 2021 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE WEALD has not materially changed since August 2021.

How Large is 16 THE WEALD?

16 THE WEALD is 74m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% 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 THE WEALD lies on this distribution: 22% of semi-detached houses houses are smaller than 16 THE WEALD, and 77% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

16 THE WEALD: Plot and Title Map

16 THE WEALD sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 16 THE WEALD, 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 THE WEALD). 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 THE WEALD?

16 THE WEALD is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 16 on THE WEALD.