8, ANDREW WAY, LOWESTOFT, NR33 8PY - £225,000

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.

8 ANDREW WAY is a small extended detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £277,573. It was last sold for £225,000 in May 2018, which was around 34% below the average May 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

8 ANDREW WAY Sold Prices

Land registry data shows two sales for 8 ANDREW WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. Both of the two 8 ANDREW WAY 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
2018 25 MAY	£225,000	£342,920	34% below HPI
2003 31 OCT	£133,500	£197,081	32% below HPI

8 ANDREW WAY 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 two 8 ANDREW WAY sales from October 2003 and May 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 October 2003 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 8 ANDREW WAY be worth now?

8 ANDREW WAY might now be worth an estimated £277,573.

This is based on house price inflation of 23.4%, between May 2018 and February 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 23.4% inflationary increase is applied to the most recent sale price for 8 ANDREW WAY of £225,000 on 25th May 2018. For the value to have increased from £225,000 to £277,573 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 8 ANDREW WAY has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ANDREW WAY has not materially changed since May 2018.

How Large is 8 ANDREW WAY?

8 ANDREW WAY is 84m², which includes three extensions, according to the EPC inspection conducted in November 2017. This puts it in the smallest 40% 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 8 ANDREW WAY lies on this distribution: 36% of detached houses houses are smaller than 8 ANDREW WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 ANDREW WAY: Plot and Title Map

8 ANDREW WAY sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 8 ANDREW WAY, 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 8 ANDREW WAY). 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 8 ANDREW WAY?

8 ANDREW WAY is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 8 on ANDREW WAY.