55, GLOUCESTER AVENUE, LOWESTOFT, NR32 4SG - £240,000

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.

55 GLOUCESTER AVENUE is a midsized extended terraced house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £227,946. It was last sold for £240,000 in October 2023, which was around 10% above the average October 2023 terraced price in the East Suffolk local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

55 GLOUCESTER AVENUE Sold Prices

Land registry data shows three sales for 55 GLOUCESTER AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Two of the three 55 GLOUCESTER AVENUE 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
2023 4 OCT	£240,000	£217,554	10% above HPI
2022 23 MAY	£252,000	£210,632	20% above HPI
2018 21 SEP	£130,000	£169,379	23% below HPI

55 GLOUCESTER AVENUE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Suffolk local authority area over time, sourced from the HPI. The three 55 GLOUCESTER AVENUE sales between September 2018 and October 2023 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 2022 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 55 GLOUCESTER AVENUE be worth now?

55 GLOUCESTER AVENUE might now be worth an estimated £227,946.

This is based on house price deflation of 5%, between October 2023 and May 2026, for terraced 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 5% deflationary decrease is applied to the most recent sale price for 55 GLOUCESTER AVENUE of £240,000 on 4th October 2023. For the value to have decreased from £240,000 to £227,946 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 55 GLOUCESTER AVENUE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The October 2023 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 55 GLOUCESTER AVENUE has not materially changed since October 2023.

How Large is 55 GLOUCESTER AVENUE?

55 GLOUCESTER AVENUE is 98m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 50% of terraced houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lowestoft, and where 55 GLOUCESTER AVENUE lies on this distribution: 51% of terraced houses houses are smaller than 55 GLOUCESTER AVENUE, and 48% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

55 GLOUCESTER AVENUE: Plot and Title Map

55 GLOUCESTER AVENUE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 55 GLOUCESTER AVENUE, 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 55 GLOUCESTER AVENUE). 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 55 GLOUCESTER AVENUE?

55 GLOUCESTER AVENUE is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 55 on GLOUCESTER AVENUE.