3, MILNES WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GJ - £235,000

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 MILNES WAY is a midsized extended semi-detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £246,505. It was last sold for £235,000 in January 2022, which was around 10% below the average January 2022 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

3 MILNES WAY Sold Prices

Land registry data shows six sales for 3 MILNES WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. All of the six 3 MILNES WAY 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 28 JAN	£235,000	£259,792	10% below HPI
2020 10 DEC	£225,000	£242,706	7% below HPI
2018 31 OCT	£190,000	£226,635	16% below HPI
2011 25 JUL	£135,000	£160,490	16% below HPI
2006 27 JUN	£134,995	£149,046	9% below HPI
2003 24 OCT	£123,500	£124,254	1% below HPI

3 MILNES WAY 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 six 3 MILNES WAY sales between October 2003 and January 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 December 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 3 MILNES WAY be worth now?

3 MILNES WAY might now be worth an estimated £246,505.

This is based on house price inflation of 4.9%, between January 2022 and June 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 4.9% inflationary increase is applied to the most recent sale price for 3 MILNES WAY of £235,000 on 28th January 2022. For the value to have increased from £235,000 to £246,505 over the two years and seven months to June 2025, the following assumptions must hold true:

• The value of 3 MILNES WAY has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The January 2022 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILNES WAY has not materially changed since January 2022.

How Large is 3 MILNES WAY?

3 MILNES WAY is 90m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 50% 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 3 MILNES WAY lies on this distribution: 42% of semi-detached houses houses are smaller than 3 MILNES WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 MILNES WAY: Plot and Title Map

3 MILNES WAY sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 3 MILNES WAY, 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 MILNES WAY). 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 MILNES WAY?

3 MILNES WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 3 on MILNES WAY.