3, MONARCH WAY, CARLTON COLVILLE, LOWESTOFT, NR33 8GH - £348,000

3 MONARCH WAY is a very large detached house of 191m², built sometime between 2003 and 2006. It was last sold for £348,000 in December 2020, which was around 9% below the average December 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

3 MONARCH WAY Sold Prices

Land registry data shows two sales for 3 MONARCH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two 3 MONARCH WAY sales was for below the average price, whilst the other was for above 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
2020 14 DEC	£348,000	£380,784	9% below HPI
2005 31 MAY	£226,950	£215,741	5% above HPI

3 MONARCH WAY 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 two 3 MONARCH WAY sales from May 2005 and December 2020 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 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the December 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 MONARCH WAY?

3 MONARCH WAY is 191m² according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 3 MONARCH WAY lies on this distribution: 96% of detached houses are smaller than 3 MONARCH WAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

3 MONARCH WAY: Plot and Title Map

3 MONARCH WAY sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 3 MONARCH 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 MONARCH 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 MONARCH WAY?

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