5, VERDURE CLOSE, LOWESTOFT, NR32 4WR - £113,000

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.

5 VERDURE CLOSE is a detached house, which could now be worth an estimated £301,059. It was last sold for £113,000 in May 2002, which was around 26% below the average May 2002 detached price in the East Suffolk local authority area.

5 VERDURE CLOSE Sold Prices

Land registry data shows two sales for 5 VERDURE 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 5 VERDURE 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
2002 22 MAY	£113,000	£153,137	26% below HPI
2000 28 NOV	£90,000	£118,540	24% below HPI

What might 5 VERDURE CLOSE be worth now?

5 VERDURE CLOSE might now be worth an estimated £301,059.

This is based on house price inflation of 166.4%, between May 2002 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 166.4% inflationary increase is applied to the most recent sale price for 5 VERDURE CLOSE of £113,000 on 22nd May 2002. For the value to have increased from £113,000 to £301,059 over the 24 years to May 2026, the following assumptions must hold true:

• The value of 5 VERDURE CLOSE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The May 2002 sale price of £113,000 represented a fair market value for the property.
• The size, condition, and specification of 5 VERDURE CLOSE has not materially changed since May 2002.

Where is 5 VERDURE CLOSE?

5 VERDURE CLOSE is located in LOWESTOFT, in the NR32 postcode district.