4, THE GAP, LOWESTOFT, NR33 9AU - £172,500

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.

4 THE GAP is a very small detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £201,615. It was last sold for £172,500 in October 2019, which was around 51% below the average October 2019 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

4 THE GAP Sold Prices

Land registry data shows one sale for 4 THE GAP since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 11 OCT	£172,500	£349,076	51% below HPI

What might 4 THE GAP be worth now?

4 THE GAP might now be worth an estimated £201,615.

This is based on house price inflation of 16.9%, between October 2019 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 16.9% inflationary increase is applied to the most recent sale price for 4 THE GAP of £172,500 on 11th October 2019. For the value to have increased from £172,500 to £201,615 over the seven years and five months to May 2026, the following assumptions must hold true:

• The value of 4 THE GAP has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The October 2019 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 4 THE GAP has not materially changed since October 2019.

How Large is 4 THE GAP?

4 THE GAP is 55m² according to the EPC inspection conducted in November 2018. 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 4 THE GAP lies on this distribution: 2% of detached houses are smaller than 4 THE GAP, and 98% of detached houses are larger. Note that EPC data is not available for all properties in Lowestoft.

4 THE GAP: Plot

4 THE GAP sits on a plot of roughly 0.127 of an acre, or 514m².

Where is 4 THE GAP?

4 THE GAP is located in LOWESTOFT, in the NR33 postcode district.