7, CHALMERS GREEN, CARLTON COLVILLE, LOWESTOFT, NR33 8FY - £325,000

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.

7 CHALMERS GREEN is a large detached house of 123m², built sometime between 2003 and 2006, which could now be worth an estimated £355,959. It was last sold for £325,000 in June 2021, which was around 15% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

7 CHALMERS GREEN Sold Prices

Land registry data shows three sales for 7 CHALMERS GREEN 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. All of the three 7 CHALMERS GREEN 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 1 JUN	£325,000	£380,583	15% below HPI
2017 27 JAN	£277,500	£326,273	15% below HPI
2007 23 NOV	£249,995	£270,721	8% below HPI

7 CHALMERS GREEN 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 7 CHALMERS GREEN sales between November 2007 and June 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 January 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2021 sale, which was also at 15% below the HPI.

What might 7 CHALMERS GREEN be worth now?

7 CHALMERS GREEN might now be worth an estimated £355,959.

This is based on house price inflation of 9.5%, between June 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 9.5% inflationary increase is applied to the most recent sale price for 7 CHALMERS GREEN of £325,000 on 1st June 2021. For the value to have increased from £325,000 to £355,959 over the four years to June 2025, the following assumptions must hold true:

• The value of 7 CHALMERS GREEN has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHALMERS GREEN has not materially changed since June 2021.

How Large is 7 CHALMERS GREEN?

7 CHALMERS GREEN is 123m² according to the EPC inspection conducted in September 2012. 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 7 CHALMERS GREEN lies on this distribution: 74% of detached houses houses are smaller than 7 CHALMERS GREEN, and 25% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 CHALMERS GREEN: Plot and Title Map

7 CHALMERS GREEN sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 7 CHALMERS GREEN, 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 7 CHALMERS GREEN). 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 7 CHALMERS GREEN?

7 CHALMERS GREEN is located in CARLTON COLVILLE, in the NR33 postcode district. The below map shows the position of No. 7 on CHALMERS GREEN.