7, WALMER CLOSE, LOWESTOFT, NR33 7LF - £174,000

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 WALMER CLOSE is a very small terraced house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £246,068. It was last sold for £174,000 in June 2016, which was around 17% above the average June 2016 terraced price in the East Suffolk local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was B.

7 WALMER CLOSE Sold Prices

Land registry data shows two sales for 7 WALMER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Suffolk local authority area for the corresponding sale date. Both of the two 7 WALMER CLOSE sales 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
2016 22 JUN	£174,000	£148,687	17% above HPI
1996 29 APR	£49,000	£34,154	43% above HPI

7 WALMER CLOSE 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 two 7 WALMER CLOSE sales from April 1996 and June 2016 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 1996 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the June 2016 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 7 WALMER CLOSE be worth now?

7 WALMER CLOSE might now be worth an estimated £246,068.

This is based on house price inflation of 41.4%, between June 2016 and June 2025, 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 41.4% inflationary increase is applied to the most recent sale price for 7 WALMER CLOSE of £174,000 on 22nd June 2016. For the value to have increased from £174,000 to £246,068 over the nine years to June 2025, the following assumptions must hold true:

• The value of 7 WALMER CLOSE has moved in line with the HPI for terraced houses in the East Suffolk local authority area.
• The June 2016 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WALMER CLOSE has not materially changed since June 2016.

How Large is 7 WALMER CLOSE?

7 WALMER CLOSE is 70m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% 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 7 WALMER CLOSE lies on this distribution: 17% of terraced houses houses are smaller than 7 WALMER CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 WALMER CLOSE: Plot and Title Map

7 WALMER CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 7 WALMER 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 7 WALMER 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 7 WALMER CLOSE?

7 WALMER CLOSE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 7 on WALMER CLOSE.