11, PENNYGATE DRIVE, LOWESTOFT, NR33 9HJ - £212,000

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.

11 PENNYGATE DRIVE is a small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £251,933. It was last sold for £212,000 in July 2018, which was around 40% below the average July 2018 detached price in the East Suffolk local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

11 PENNYGATE DRIVE Sold Prices

Land registry data shows two sales for 11 PENNYGATE DRIVE 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 11 PENNYGATE DRIVE 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 11 JUL	£212,000	£354,091	40% below HPI
1999 4 JUN	£67,995	£93,339	27% below HPI

11 PENNYGATE DRIVE 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 11 PENNYGATE DRIVE sales from June 1999 and July 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 June 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 11 PENNYGATE DRIVE be worth now?

11 PENNYGATE DRIVE might now be worth an estimated £251,933.

This is based on house price inflation of 18.8%, between July 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 18.8% inflationary increase is applied to the most recent sale price for 11 PENNYGATE DRIVE of £212,000 on 11th July 2018. For the value to have increased from £212,000 to £251,933 over the seven years to July 2025, the following assumptions must hold true:

• The value of 11 PENNYGATE DRIVE has moved in line with the HPI for detached houses in the East Suffolk local authority area.
• The July 2018 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 11 PENNYGATE DRIVE has not materially changed since July 2018.

How Large is 11 PENNYGATE DRIVE?

11 PENNYGATE DRIVE is 87m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 40% 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 11 PENNYGATE DRIVE lies on this distribution: 39% of detached houses houses are smaller than 11 PENNYGATE DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

11 PENNYGATE DRIVE: Plot and Title Map

11 PENNYGATE DRIVE sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of 11 PENNYGATE DRIVE, 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 11 PENNYGATE DRIVE). 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 11 PENNYGATE DRIVE?

11 PENNYGATE DRIVE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 11 on PENNYGATE DRIVE.