1, SANDBANK ROAD, LOWESTOFT, NR33 9EY - £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 SANDBANK ROAD is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £240,000 in September 2021, which was around 37% below the average September 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

1 SANDBANK ROAD Sold Prices

Land registry data shows three sales for 1 SANDBANK ROAD 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 SANDBANK ROAD 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 17 SEP	£240,000	£378,972	37% below HPI
2019 13 DEC	£185,000	£355,140	48% below HPI
1999 14 DEC	£64,995	£102,225	36% below HPI

1 SANDBANK ROAD 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 SANDBANK ROAD sales between December 1999 and September 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 December 2019 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2021 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 SANDBANK ROAD?

1 SANDBANK ROAD is 69m² according to the EPC inspection conducted in July 2019. 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 SANDBANK ROAD lies on this distribution: 15% of detached houses are smaller than 1 SANDBANK ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 SANDBANK ROAD: Plot and Title Map

1 SANDBANK ROAD sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 1 SANDBANK ROAD, 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 SANDBANK ROAD). 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 SANDBANK ROAD?

1 SANDBANK ROAD is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 1 on SANDBANK ROAD.