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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 ROMNEY PLACE is a very small detached house of 67m², built sometime between 1967 and 1975. 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	£339,832	29% below HPI
2011 22 AUG	£164,950	£251,903	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.

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 in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 1 ROMNEY PLACE lies on this distribution: 14% of detached 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.