5, CHARTER WAY, LOWESTOFT, NR33 8UT - £180,000

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.

5 CHARTER WAY is a very small semi-detached house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £214,987. It was last sold for £180,000 in July 2018, which was around 20% below the average July 2018 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

5 CHARTER WAY Sold Prices

Land registry data shows eight sales for 5 CHARTER WAY since 1^st January 1995. The below table shows the price paid for the eight sales, along with the average semi-detached price in the East Suffolk local authority area for the corresponding sale date. Most of the eight 5 CHARTER 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
2018 18 JUL	£180,000	£223,875	20% below HPI
2014 17 OCT	£136,000	£183,036	26% below HPI
2010 16 AUG	£119,000	£164,831	28% below HPI
2009 1 OCT	£95,000	£153,523	38% below HPI
2003 10 NOV	£94,000	£126,664	26% below HPI
2000 15 NOV	£51,000	£70,769	28% below HPI
1999 6 AUG	£47,995	£60,755	21% below HPI
1997 3 JAN	£51,950	£48,578	7% above HPI

5 CHARTER 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 eight 5 CHARTER WAY sales between January 1997 and July 2018 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 October 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2018 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 5 CHARTER WAY be worth now?

5 CHARTER WAY might now be worth an estimated £214,987.

This is based on house price inflation of 19.4%, between July 2018 and May 2026, 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 5 CHARTER WAY of £180,000 on 18th July 2018. For the value to have increased from £180,000 to £214,987 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 5 CHARTER WAY has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The July 2018 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHARTER WAY has not materially changed since July 2018.

How Large is 5 CHARTER WAY?

5 CHARTER WAY is 66m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 20% 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 5 CHARTER WAY lies on this distribution: 12% of semi-detached houses houses are smaller than 5 CHARTER WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 CHARTER WAY: Plot and Title Map

5 CHARTER WAY sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 5 CHARTER 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 5 CHARTER 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 5 CHARTER WAY?

5 CHARTER WAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 5 on CHARTER WAY.