6, MARTIN CLOSE, CARLTON COLVILLE, LOWESTOFT, NR33 8TW - £307,500

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.

6 MARTIN CLOSE is a large detached house of 123m², built sometime between 1983 and 1990, which could now be worth an estimated £338,171. It was last sold for £307,500 in September 2021, which was around 19% below the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

6 MARTIN CLOSE Sold Prices

Land registry data shows four sales for 6 MARTIN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the four 6 MARTIN CLOSE 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
2021 30 SEP	£307,500	£379,031	19% below HPI
2015 16 APR	£215,000	£286,886	25% below HPI
2011 17 AUG	£186,500	£251,942	26% below HPI
2007 30 NOV	£200,000	£270,721	26% below HPI

6 MARTIN 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 four 6 MARTIN CLOSE sales between November 2007 and September 2021 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 April 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 6 MARTIN CLOSE be worth now?

6 MARTIN CLOSE might now be worth an estimated £338,171.

This is based on house price inflation of 10%, between September 2021 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 10% inflationary increase is applied to the most recent sale price for 6 MARTIN CLOSE of £307,500 on 30th September 2021. For the value to have increased from £307,500 to £338,171 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 6 MARTIN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The September 2021 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 6 MARTIN CLOSE has not materially changed since September 2021.

How Large is 6 MARTIN CLOSE?

6 MARTIN CLOSE is 123m² according to the EPC inspection conducted in May 2021. 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 6 MARTIN CLOSE lies on this distribution: 74% of detached houses houses are smaller than 6 MARTIN CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

6 MARTIN CLOSE: Plot and Title Map

6 MARTIN CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 6 MARTIN 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 6 MARTIN 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 6 MARTIN CLOSE?

6 MARTIN CLOSE is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 6 on MARTIN CLOSE.