34, SILVERWOOD CLOSE, LOWESTOFT, NR33 7LX - £345,000

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.

34 SILVERWOOD CLOSE is a very large extended detached house of 158m², built sometime between 1983 and 1990, which could now be worth an estimated £439,112. It was last sold for £345,000 in June 2017, which was around 4% above the average June 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

34 SILVERWOOD CLOSE Sold Prices

Land registry data shows two sales for 34 SILVERWOOD CLOSE 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. Both of the two 34 SILVERWOOD CLOSE sales were 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
2017 15 JUN	£345,000	£332,377	4% above HPI
1996 22 NOV	£105,000	£77,091	36% above HPI

34 SILVERWOOD 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 two 34 SILVERWOOD CLOSE sales from November 1996 and June 2017 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 1996 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the June 2017 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 34 SILVERWOOD CLOSE be worth now?

34 SILVERWOOD CLOSE might now be worth an estimated £439,112.

This is based on house price inflation of 27.3%, between June 2017 and February 2025, 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 27.3% inflationary increase is applied to the most recent sale price for 34 SILVERWOOD CLOSE of £345,000 on 15th June 2017. For the value to have increased from £345,000 to £439,112 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 34 SILVERWOOD CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2017 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 34 SILVERWOOD CLOSE has not materially changed since June 2017.

How Large is 34 SILVERWOOD CLOSE?

34 SILVERWOOD CLOSE is 158m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 34 SILVERWOOD CLOSE lies on this distribution: 90% of detached houses houses are smaller than 34 SILVERWOOD CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

34 SILVERWOOD CLOSE: Plot and Title Map

34 SILVERWOOD CLOSE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 34 SILVERWOOD 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 34 SILVERWOOD 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 34 SILVERWOOD CLOSE?

34 SILVERWOOD CLOSE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 34 on SILVERWOOD CLOSE.