5, PRIORS CLOSE, LOWESTOFT, NR32 4NT - £320,000

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 PRIORS CLOSE is a very large extended detached house of 164m², built sometime between 1967 and 1975, which could now be worth an estimated £372,714. It was last sold for £320,000 in November 2018, which was around 11% below the average November 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

5 PRIORS CLOSE Sold Prices

Land registry data shows three sales for 5 PRIORS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the three 5 PRIORS CLOSE sales was for below the average price, whilst two 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
2018 30 NOV	£320,000	£357,883	11% below HPI
2003 19 MAY	£189,995	£184,177	3% above HPI
1999 16 DEC	£105,000	£102,241	3% above HPI

5 PRIORS 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 three 5 PRIORS CLOSE sales between December 1999 and November 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 May 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2018 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 5 PRIORS CLOSE be worth now?

5 PRIORS CLOSE might now be worth an estimated £372,714.

This is based on house price inflation of 16.5%, between November 2018 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 16.5% inflationary increase is applied to the most recent sale price for 5 PRIORS CLOSE of £320,000 on 30th November 2018. For the value to have increased from £320,000 to £372,714 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of 5 PRIORS CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2018 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PRIORS CLOSE has not materially changed since November 2018.

How Large is 5 PRIORS CLOSE?

5 PRIORS CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in September 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 5 PRIORS CLOSE lies on this distribution: 92% of detached houses houses are smaller than 5 PRIORS CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

5 PRIORS CLOSE: Plot and Title Map

5 PRIORS CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 5 PRIORS 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 5 PRIORS 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 5 PRIORS CLOSE?

5 PRIORS CLOSE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 5 on PRIORS CLOSE.