3, ARK CLOSE, KESSINGLAND, LOWESTOFT, NR33 7UR - £370,000

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.

3 ARK CLOSE is a midsized detached house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £348,032. It was last sold for £370,000 in July 2022, which was around 15% below the average July 2022 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.

3 ARK CLOSE Sold Prices

Land registry data shows three sales for 3 ARK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 3 ARK 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
2022 4 JUL	£370,000	£433,747	15% below HPI
2014 27 NOV	£230,000	£286,784	20% below HPI
2000 25 AUG	£92,961	£119,015	22% below HPI

3 ARK 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 three 3 ARK CLOSE sales between August 2000 and July 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 November 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 ARK CLOSE be worth now?

3 ARK CLOSE might now be worth an estimated £348,032.

This is based on house price deflation of 5.9%, between July 2022 and May 2026, 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 5.9% deflationary decrease is applied to the most recent sale price for 3 ARK CLOSE of £370,000 on 4th July 2022. For the value to have decreased from £370,000 to £348,032 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 3 ARK CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ARK CLOSE has not materially changed since July 2022.

How Large is 3 ARK CLOSE?

3 ARK CLOSE is 108m² according to the EPC inspection conducted in May 2014. This puts it in the largest 50% of detached houses houses in Kessingland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kessingland, and where 3 ARK CLOSE lies on this distribution: 58% of detached houses houses are smaller than 3 ARK CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Kessingland.

3 ARK CLOSE: Plot and Title Map

3 ARK CLOSE sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 3 ARK 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 3 ARK 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 3 ARK CLOSE?

3 ARK CLOSE is located in KESSINGLAND, in the NR33 postcode district. The below map shows the position of No. 3 on ARK CLOSE.