2, MAGDALEN CLOSE, LOWESTOFT, NR32 4TP - £190,000

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.

2 MAGDALEN CLOSE is a detached house, which could now be worth an estimated £350,130. It was last sold for £190,000 in December 2005, which was around 14% below the average December 2005 detached price in the East Suffolk local authority area.

2 MAGDALEN CLOSE Sold Prices

Land registry data shows two sales for 2 MAGDALEN CLOSE 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 2 MAGDALEN CLOSE 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
2005 16 DEC	£190,000	£221,400	14% below HPI
2001 10 SEP	£108,000	£139,873	23% below HPI

What might 2 MAGDALEN CLOSE be worth now?

2 MAGDALEN CLOSE might now be worth an estimated £350,130.

This is based on house price inflation of 84.3%, between December 2005 and May 2026, 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 84.3% inflationary increase is applied to the most recent sale price for 2 MAGDALEN CLOSE of £190,000 on 16th December 2005. For the value to have increased from £190,000 to £350,130 over the 21 years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 MAGDALEN CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The December 2005 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAGDALEN CLOSE has not materially changed since December 2005.

Where is 2 MAGDALEN CLOSE?

2 MAGDALEN CLOSE is located in LOWESTOFT, in the NR32 postcode district.