1, SEVEN ACRES, PAKEFIELD, LOWESTOFT, NR33 7AZ - £475,000

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 SEVEN ACRES is a very large extended detached house of 202m², built sometime between 1996 and 2002. It was last sold for £475,000 in July 2017, which was around 42% above the average July 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

1 SEVEN ACRES Sold Prices

Land registry data shows two sales for 1 SEVEN ACRES 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 SEVEN ACRES sales were for above 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
2017 19 JUL	£475,000	£333,760	42% above HPI
2002 8 MAR	£290,000	£144,123	101% above HPI

1 SEVEN ACRES 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 SEVEN ACRES sales from March 2002 and July 2017 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 March 2002 sale was for 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the July 2017 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 1 SEVEN ACRES?

1 SEVEN ACRES is 202m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 10% 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 SEVEN ACRES lies on this distribution: 97% of detached houses are smaller than 1 SEVEN ACRES, and 3% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

1 SEVEN ACRES: Plot and Title Map

1 SEVEN ACRES sits on a plot of roughly 0.242 of an acre, or 981m². The below map shows the location of 1 SEVEN ACRES, 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 SEVEN ACRES). 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 SEVEN ACRES?

1 SEVEN ACRES is located in PAKEFIELD, in the NR33 postcode district. The below map shows the position of No. 1 on SEVEN ACRES.