8, VERMEER CLOSE, LOWESTOFT, NR32 4NQ - £475,000

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 VERMEER CLOSE is a very large extended detached house of 141m², built sometime between 1976 and 1982, which could now be worth an estimated £447,518. It was last sold for £475,000 in November 2022, which was around 7% above the average November 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

8 VERMEER CLOSE Sold Prices

Land registry data shows three sales for 8 VERMEER CLOSE 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. One of the three 8 VERMEER CLOSE sales was for above the average price, whilst two 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
2022 30 NOV	£475,000	£442,435	7% above HPI
2013 30 OCT	£230,000	£266,690	14% below HPI
2004 14 OCT	£189,995	£221,428	14% below HPI

8 VERMEER 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 three 8 VERMEER CLOSE sales between October 2004 and November 2022 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 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 8 VERMEER CLOSE be worth now?

8 VERMEER CLOSE might now be worth an estimated £447,518.

This is based on house price deflation of 5.8%, between November 2022 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 5.8% deflationary decrease is applied to the most recent sale price for 8 VERMEER CLOSE of £475,000 on 30th November 2022. For the value to have decreased from £475,000 to £447,518 over the three years and five months to June 2025, the following assumptions must hold true:

• The value of 8 VERMEER CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The November 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 8 VERMEER CLOSE has not materially changed since November 2022.

How Large is 8 VERMEER CLOSE?

8 VERMEER CLOSE is 141m², which includes four extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 20% 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 VERMEER CLOSE lies on this distribution: 84% of detached houses houses are smaller than 8 VERMEER CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

8 VERMEER CLOSE: Plot and Title Map

8 VERMEER CLOSE sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of 8 VERMEER 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 8 VERMEER 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 8 VERMEER CLOSE?

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