7, THE GAP, LOWESTOFT, NR33 9AU - £130,000

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.

7 THE GAP is a small semi-detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £201,921. It was last sold for £130,000 in May 2014, which was around 24% below the average May 2014 semi-detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was B.

7 THE GAP Sold Prices

Land registry data shows one sale for 7 THE GAP since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-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
2014 20 MAY	£130,000	£172,150	24% below HPI

What might 7 THE GAP be worth now?

7 THE GAP might now be worth an estimated £201,921.

This is based on house price inflation of 55.3%, between May 2014 and May 2026, for semi-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 55.3% inflationary increase is applied to the most recent sale price for 7 THE GAP of £130,000 on 20th May 2014. For the value to have increased from £130,000 to £201,921 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 7 THE GAP has moved in line with the HPI for semi-detached houses in the East Suffolk local authority area.
• The May 2014 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE GAP has not materially changed since May 2014.

How Large is 7 THE GAP?

7 THE GAP is 72m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of semi-detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Lowestoft, and where 7 THE GAP lies on this distribution: 38% of semi-detached houses are smaller than 7 THE GAP, and 60% of semi-detached houses are larger. Note that EPC data is not available for all properties in Lowestoft.

7 THE GAP: Plot

7 THE GAP sits on a plot of roughly 0.110 of an acre, or 444m².

Where is 7 THE GAP?

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