1, ROMNEY PLACE, LOWESTOFT, NR32 4NG - £240,000

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 ROMNEY PLACE is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £297,128. It was last sold for £240,000 in March 2018, which was around 29% below the average March 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

1 ROMNEY PLACE Sold Prices

Land registry data shows two sales for 1 ROMNEY PLACE 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 1 ROMNEY PLACE 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
2018 28 MAR	£240,000	£339,884	29% below HPI
2011 22 AUG	£164,950	£251,942	35% below HPI

1 ROMNEY PLACE 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 two 1 ROMNEY PLACE sales from August 2011 and March 2018 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 August 2011 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2018 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 ROMNEY PLACE be worth now?

1 ROMNEY PLACE might now be worth an estimated £297,128.

This is based on house price inflation of 23.8%, between March 2018 and July 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 23.8% inflationary increase is applied to the most recent sale price for 1 ROMNEY PLACE of £240,000 on 28th March 2018. For the value to have increased from £240,000 to £297,128 over the six years and eight months to July 2025, the following assumptions must hold true:

• The value of 1 ROMNEY PLACE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The March 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ROMNEY PLACE has not materially changed since March 2018.

How Large is 1 ROMNEY PLACE?

1 ROMNEY PLACE is 67m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 20% 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 ROMNEY PLACE lies on this distribution: 14% of detached houses houses are smaller than 1 ROMNEY PLACE, and 86% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 ROMNEY PLACE: Plot and Title Map

1 ROMNEY PLACE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 1 ROMNEY PLACE, 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 ROMNEY PLACE). 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 ROMNEY PLACE?

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