4, MONKSHOOD CLOSE, LOWESTOFT, NR33 7EF - £220,000

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.

4 MONKSHOOD CLOSE is a very small extended detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £252,879. It was last sold for £220,000 in August 2020, which was around 39% below the average August 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2020, where the current energy rating was E, and the potential energy rating was B.

4 MONKSHOOD CLOSE Sold Prices

Land registry data shows two sales for 4 MONKSHOOD 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 4 MONKSHOOD 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
2020 7 AUG	£220,000	£362,641	39% below HPI
2003 24 NOV	£118,995	£200,305	41% below HPI

4 MONKSHOOD 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 4 MONKSHOOD CLOSE sales from November 2003 and August 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 November 2003 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2020 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 4 MONKSHOOD CLOSE be worth now?

4 MONKSHOOD CLOSE might now be worth an estimated £252,879.

This is based on house price inflation of 14.9%, between August 2020 and June 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 14.9% inflationary increase is applied to the most recent sale price for 4 MONKSHOOD CLOSE of £220,000 on 7th August 2020. For the value to have increased from £220,000 to £252,879 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 4 MONKSHOOD CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The August 2020 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MONKSHOOD CLOSE has not materially changed since August 2020.

How Large is 4 MONKSHOOD CLOSE?

4 MONKSHOOD CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% 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 4 MONKSHOOD CLOSE lies on this distribution: 17% of detached houses houses are smaller than 4 MONKSHOOD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 MONKSHOOD CLOSE: Plot and Title Map

4 MONKSHOOD CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 4 MONKSHOOD 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 4 MONKSHOOD 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 4 MONKSHOOD CLOSE?

4 MONKSHOOD CLOSE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 4 on MONKSHOOD CLOSE.