1, DERWENT GARDENS, LOWESTOFT, NR32 4TN - £248,000

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.

1 DERWENT GARDENS is a midsized extended detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £275,670. It was last sold for £248,000 in June 2021, which was around 35% below the average June 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

1 DERWENT GARDENS Sold Prices

Land registry data shows three sales for 1 DERWENT GARDENS 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 1 DERWENT GARDENS 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
2021 4 JUN	£248,000	£380,583	35% below HPI
2006 6 SEP	£155,500	£237,073	34% below HPI
1999 4 JUN	£71,000	£93,339	24% below HPI

1 DERWENT GARDENS 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 1 DERWENT GARDENS sales between June 1999 and June 2021 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 September 2006 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 1 DERWENT GARDENS be worth now?

1 DERWENT GARDENS might now be worth an estimated £275,670.

This is based on house price inflation of 11.2%, between June 2021 and February 2025, 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 11.2% inflationary increase is applied to the most recent sale price for 1 DERWENT GARDENS of £248,000 on 4th June 2021. For the value to have increased from £248,000 to £275,670 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 DERWENT GARDENS has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The June 2021 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 1 DERWENT GARDENS has not materially changed since June 2021.

How Large is 1 DERWENT GARDENS?

1 DERWENT GARDENS is 101m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lowestoft, and where 1 DERWENT GARDENS lies on this distribution: 55% of detached houses houses are smaller than 1 DERWENT GARDENS, and 44% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 DERWENT GARDENS: Plot and Title Map

1 DERWENT GARDENS sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 1 DERWENT GARDENS, 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 1 DERWENT GARDENS). 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 1 DERWENT GARDENS?

1 DERWENT GARDENS is located in LOWESTOFT, in the NR32 postcode district. The below map shows the position of No. 1 on DERWENT GARDENS.