22, STEPHENSONS WALK, LOWESTOFT, NR32 4TE - £122,500

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.

22 STEPHENSONS WALK is a very small terraced house of 45m², built sometime between 1976 and 1982, which could now be worth an estimated £150,875. It was last sold for £122,500 in June 2019, which was around 28% below the average June 2019 terraced price in the East Suffolk local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

22 STEPHENSONS WALK Sold Prices

Land registry data shows two sales for 22 STEPHENSONS WALK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Both of the two 22 STEPHENSONS WALK 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 6 JUN	£122,500	£170,725	28% below HPI
2017 24 FEB	£117,500	£156,079	25% below HPI

22 STEPHENSONS WALK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The two 22 STEPHENSONS WALK sales from February 2017 and June 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2019 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 22 STEPHENSONS WALK be worth now?

22 STEPHENSONS WALK might now be worth an estimated £150,875.

This is based on house price inflation of 23.2%, between June 2019 and June 2025, for terraced 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 23.2% inflationary increase is applied to the most recent sale price for 22 STEPHENSONS WALK of £122,500 on 6th June 2019. For the value to have increased from £122,500 to £150,875 over the six years to June 2025, the following assumptions must hold true:

• The value of 22 STEPHENSONS WALK has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The June 2019 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 22 STEPHENSONS WALK has not materially changed since June 2019.

How Large is 22 STEPHENSONS WALK?

22 STEPHENSONS WALK is 45m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of terraced houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lowestoft, and where 22 STEPHENSONS WALK lies on this distribution: Less than 1% of terraced houses houses are smaller than 22 STEPHENSONS WALK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

22 STEPHENSONS WALK: Plot and Title Map

22 STEPHENSONS WALK sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 22 STEPHENSONS WALK, 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 22 STEPHENSONS WALK). 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 22 STEPHENSONS WALK?

22 STEPHENSONS WALK is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 22 on STEPHENSONS WALK.