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

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 MONARCH WAY is a large detached house of 126m², built sometime between 2003 and 2006, which could now be worth an estimated £418,061. It was last sold for £348,000 in November 2019, which was around 1% below the average November 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

5 MONARCH WAY Sold Prices

Land registry data shows two sales for 5 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. Both of the two 5 MONARCH 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
2019 29 NOV	£348,000	£352,150	1% below HPI
2005 14 OCT	£220,950	£227,243	3% below HPI

5 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 5 MONARCH WAY sales from October 2005 and November 2019 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 2005 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2019 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 MONARCH WAY be worth now?

5 MONARCH WAY might now be worth an estimated £418,061.

This is based on house price inflation of 20.1%, between November 2019 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 20.1% inflationary increase is applied to the most recent sale price for 5 MONARCH WAY of £348,000 on 29th November 2019. For the value to have increased from £348,000 to £418,061 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 MONARCH WAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2019 sale price of £348,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MONARCH WAY has not materially changed since November 2019.

How Large is 5 MONARCH WAY?

5 MONARCH WAY is 126m² according to the EPC inspection conducted in August 2019. This puts it in the largest 30% 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 5 MONARCH WAY lies on this distribution: 76% of detached houses houses are smaller than 5 MONARCH WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 MONARCH WAY: Plot and Title Map

5 MONARCH WAY sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 5 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 5 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 5 MONARCH WAY?

5 MONARCH WAY is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 5 on MONARCH WAY.