8, THE PASTURES, LOWESTOFT, NR32 4WT - £277,000

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 THE PASTURES is a small detached house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £335,385. It was last sold for £277,000 in June 2019, which was around 20% below the average June 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

8 THE PASTURES Sold Prices

Land registry data shows three sales for 8 THE PASTURES 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 8 THE PASTURES 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
2019 28 JUN	£277,000	£344,273	20% below HPI
2011 4 AUG	£168,000	£251,942	33% below HPI
2001 8 FEB	£89,950	£124,625	28% below HPI

8 THE PASTURES 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 8 THE PASTURES sales between February 2001 and June 2019 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 August 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 THE PASTURES be worth now?

8 THE PASTURES might now be worth an estimated £335,385.

This is based on house price inflation of 21.1%, between June 2019 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 21.1% inflationary increase is applied to the most recent sale price for 8 THE PASTURES of £277,000 on 28th June 2019. For the value to have increased from £277,000 to £335,385 over the six years to June 2025, the following assumptions must hold true:

• The value of 8 THE PASTURES has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2019 sale price of £277,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE PASTURES has not materially changed since June 2019.

How Large is 8 THE PASTURES?

8 THE PASTURES is 79m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 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 8 THE PASTURES lies on this distribution: 29% of detached houses houses are smaller than 8 THE PASTURES, and 71% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 THE PASTURES: Plot and Title Map

8 THE PASTURES sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 8 THE PASTURES, 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 THE PASTURES). 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 THE PASTURES?

8 THE PASTURES is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 8 on THE PASTURES.