4, RED HOUSE CLOSE, OULTON, LOWESTOFT, NR32 3BD - £250,000

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 RED HOUSE CLOSE is a small extended semi-detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £298,475. It was last sold for £250,000 in January 2020, which was around 9% above the average January 2020 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was B.

4 RED HOUSE CLOSE Sold Prices

Land registry data shows three sales for 4 RED HOUSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Two of the three 4 RED HOUSE CLOSE sales were for above the average price, whilst one was 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 15 JAN	£250,000	£229,217	9% above HPI
2016 29 JAN	£220,000	£192,878	14% above HPI
2005 29 JUL	£139,950	£147,085	5% below HPI

4 RED HOUSE CLOSE 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 three 4 RED HOUSE CLOSE sales between July 2005 and January 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 January 2016 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the January 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 4 RED HOUSE CLOSE be worth now?

4 RED HOUSE CLOSE might now be worth an estimated £298,475.

This is based on house price inflation of 19.4%, between January 2020 and July 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 19.4% inflationary increase is applied to the most recent sale price for 4 RED HOUSE CLOSE of £250,000 on 15th January 2020. For the value to have increased from £250,000 to £298,475 over the four years and six months to July 2025, the following assumptions must hold true:

• The value of 4 RED HOUSE CLOSE has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The January 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RED HOUSE CLOSE has not materially changed since January 2020.

How Large is 4 RED HOUSE CLOSE?

4 RED HOUSE CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 40% 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 4 RED HOUSE CLOSE lies on this distribution: 30% of semi-detached houses houses are smaller than 4 RED HOUSE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 RED HOUSE CLOSE: Plot and Title Map

4 RED HOUSE CLOSE sits on a plot of roughly 0.247 of an acre, or 999m². The below map shows the location of 4 RED HOUSE 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 RED HOUSE 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 RED HOUSE CLOSE?

4 RED HOUSE CLOSE is located in OULTON, in the NR32 postcode district. The below map shows the position of No. 4 on RED HOUSE CLOSE.