SANDLEWOOD, IREX ROAD, LOWESTOFT, NR33 7BU - £190,000

SANDLEWOOD is a very small detached house of 53m², built sometime between 1967 and 1975. It was last sold for £190,000 in April 2019, which was around 44% below the average April 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

SANDLEWOOD Sold Prices

Land registry data shows three sales for SANDLEWOOD 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 SANDLEWOOD 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 2 APR	£190,000	£339,832	44% below HPI
1998 18 NOV	£60,000	£91,707	35% below HPI
1996 9 SEP	£49,000	£74,696	34% below HPI

SANDLEWOOD 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 SANDLEWOOD sales between September 1996 and April 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 November 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2019 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is SANDLEWOOD?

SANDLEWOOD is 53m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where SANDLEWOOD lies on this distribution: 1% of detached houses are smaller than SANDLEWOOD, and 98% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

SANDLEWOOD: Plot and Title Map

SANDLEWOOD sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of SANDLEWOOD, 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 SANDLEWOOD). 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 SANDLEWOOD?

SANDLEWOOD is located on IREX ROAD in LOWESTOFT, in the NR33 postcode district. The below map shows the position of SANDLEWOOD on IREX ROAD.